Smith Wealth Smith Wealth
 

The Wealth Blog

Downsizing your home? Understanding the downsizer contribution

———————   If you’re over 55 and looking to boost your retirement savings, you may be eligible to make a super contribution of up to $300,000 from the sale proceeds of your primary residence.   On 1 January 2023, the age when eligible Australians qualify to make downsizer contributions was […]

Share this post

2023 – 2024 Federal Budget Update

Overview On 9 May 2023, the Labor Government handed down the 2023-24 Federal Budget. This was largely a no surprises Budget, with most announcements having been released in the weeks leading up to Budget night. With the economic outlook still looking tough, with low levels of Gross Domestic Product into […]

Share this post

Why the share market is not the same as the economy

In 2022 the Australian economy appears to be sliding into recession, dragged down by higher interest rates and even higher inflation levels. As a result, it is tempting to believe the share market may also be set to tumble. And while that’s not impossible, the local market traded higher during […]

Share this post

Building financial resilience

Resilience is the ability to quickly recover from setbacks, and while setbacks can come in many forms most of them will have a financial component. So what can you do to build financial resilience? Expect the unexpected Rarely do we get advance warning that something bad is about to happen […]

Share this post

Economic update: October – December 2021

Coronavirus Victoria and New South Wales saw their economies roar back to life as they emerged from lockdown just in time for a new kid to arrive on the coronavirus block. Omicron spread around the world seemingly within days knocking Delta off the front pages. Appearing to cause less severe […]

Share this post