Did
you know some superannuation funds actually charge you an extra fee to
cover their potential future fines if they ever were to fail at managing
your money? Is that something you want to be paying with your hard
earned money?
In this week's MONEY AND INVESTING show Andrew
Baxter walks us through the different options available when it comes to
managing your super funds, and what some things to consider for the
different options might be.
Interest rates play a crucial role in shaping various facets of the economy, influencing loan costs, housing markets, and consumer spending patterns. Recent fluctuations in interest rates , particularly in countries like the United States and Australia, have sparked discussions about their potential impact on economic conditions in the near future. Analyzing Interest Rate Cuts: Benefits and Drawbacks Australia’s recent decision to reduce rates by 25 basis points marks the first cut in recent years, igniting significant debate over its implications. Homeowners with variable-rate mortgages stand to gain, but there are fears that the cut may be excessive. For mortgage holders, this decrease could facilitate faster debt repayment and enhance their ability to spend. Conversely, many Australians without mortgages may not experience any direct advantages from this change. On the downside, retirees who depend on interest income from bank deposits are likely to face reduced returns. Rate ...
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