by Troy MacMillan | Jun 17, 2020 | Budget, Economy, Family
Before COVID-19, the Australian government stipulated limited circumstances where you can withdraw your superannuation early. When the virus hit and millions were laid off, authorities allowed eligible citizens and permanent residents to withdraw up to $20,000 from...
by Troy MacMillan | Jun 9, 2020 | Budget, Economy, Family, Investment
Investopedia tells us that an opportunity cost is the benefit an individual misses out on when choosing one alternative over another. When you have multiple options available to you, understanding potential missed opportunities can help you make better decisions....
by Troy MacMillan | Jun 1, 2020 | Budget, Economy, Family, Generation
The coronavirus pandemic exposed our society’s biggest weaknesses. Healthcare, supply chains and the way we work were all disrupted in unimaginable ways. Suddenly, people with secure jobs and stable housing found themselves unable to meet their basic needs....
by Troy MacMillan | May 24, 2020 | Economy, Family
Global share markets surged this week on news that an American biotechnology firm had made significant progress on a coronavirus vaccine. Is this the silver lining in the coronavirus pandemic that investors have been hoping to see? It’s too early to say. There’s no...
by Troy MacMillan | May 15, 2020 | Economy, Family
Australia’s Treasurer Josh Frydenberg released a ministerial statement this week calling Covid-19 a “flagless enemy.” He is not wrong. The novel disease has infected more than 4.4 million people as of Friday. While Australia has done a better job than most in...
by Troy MacMillan | May 8, 2020 | Budget, Economy, Family, Investment
The coronavirus pandemic is leaving its mark on Australia. With millions out of work and savings quickly drying up, many are tapping into their superannuation early just to make ends meet. Early access is being granted by a new government scheme designed to help...
