Financial Focus | Winter 2024 Edition
Robert Impact Wealth • July 1, 2024
Financial Wellbeing
In this issue:
- Mark your Tax Cut work for You
- Music, maestro!
- Do I need insurance once I retire?
Tax Cuts, make them work for you
- Approximately 13.6 million Australian taxpayers will pay less tax from 1 July 2024.
- There are number of small, yet powerful ways to maginify these cuts through additional mortgage repayments, extra superannuation contributions or additional investments.
- Contact our office to see if you can make the tax cuts work for you.
Music, Meastro!
- It is never too late to learn a new skills or instrument. With only 1 in 10 Australians playing a musical instrument.
- Studies have shown that learning a new instrument can increase your moment, ability to solve complex tasks and increase your neuroplasticity (the ability for your brain to adapt and respond to new experiences)
Do I need life insurance once I retire?
- Insurance can still play an important role in a retiree's life and should be reviewed regularly to ensure it remains relevant and cost effective.
- Especially for those who still have dependants relying on them such as young adult children.
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