Paula Saruda, Author at Jennings Financial Services

About Paula Saruda

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So far Paula Saruda has created 9 blog entries.

JFS Holiday Office Closure Notice

To All Our Valued Clients, As we approach the festive season, we want to take this opportunity to express our heartfelt appreciation for your trust and support throughout the year. It has been our privilege to work with you, and we look forward to continuing our partnership in the coming year. Please note that our office will be closed for the holidays from Monday, 23rd December 2024, and we will resume operations on Monday, 13th January 2025. On behalf of the entire team at Jennings Financial Services, we wish you a Merry Christmas and a Happy, Healthy, and Prosperous New Year. May this season bring joy, peace, and cherished moments with your loved ones. Thank you for choosing us to be part of your journey. From The JFS Team, Bruce, Megan, Paula, and Joanna

By Paula Saruda|2024-12-20T17:19:38+11:00December 20th, 2024|Community Activity, holidays|0 Comments

Retirement Special

An article by Challenger highlights that a fulfilling retirement relies on health, activities, social connections, purpose, and financial stability. Golf exemplifies this balance, while lifetime annuities provide steady income to ease financial stress. PLANNING FOR YOUR GOLDEN YEARS New research is shedding light on what makes retirement rewarding. And guess what? Golf has an important role to play YOU’LL always find Pete, Roger and Liz* in the same spot on a Thursday morning – every Thursday morning. And that’s at their local golf club, where for the past six years, these retirees have gathered each week rain, hail or shine to play a round, have a stroll in the fresh air, hopefully hit the ball straight and enjoy a coffee afterwards. It’s a highlight of their week, and a fixture in their diaries. And without even knowing it, their Thursday morning round is scoring a hole-in-one when it comes to what will make their retirement a happy one. According [...]

By Paula Saruda|2024-10-18T13:50:17+11:00October 18th, 2024|Financial Security, Health & Wellness, Leisure & Lifestyle, Personal Finance, Retirement Planning|0 Comments

Overnight Update

This article highlights the key developments influencing market movements and investor sentiment in both Australia and the US. The key takeaways from the last 24 hours ASX dips as banks and supermarkets decline The Australian share market experienced a slight decline on Tuesday as major banks and supermarket giants faced a sell-off, which outweighed gains in the mining sector. The benchmark S&P/ASX 200 Index (ASX: XJO) dropped by 0.1 per cent, or 10.9 points, closing at 8142, while the All Ordinaries (ASX: XAO) finished flat. Investors were largely unaffected by the Reserve Bank of Australia’s decision to maintain the cash rate at 4.35 per cent, with Governor Michele Bullock signalling that no rate cuts would occur in the near future. The big four banks—Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Limited (ASX: NAB), Australia and New Zealand Banking Group Limited (ASX: ANZ), and Westpac Banking Corporation (ASX: WBC)—all ended the session in the red as investors moved funds from financials [...]

By Paula Saruda|2024-09-25T15:44:53+10:00September 25th, 2024|Economic Policy, Financial Markets, Mining Sector, Stock Market Updates, US Market Trends|0 Comments

Thorn bushes have roses

An article from Vector Insights by Brad Livingstone-Foggo, Head of Marketing - Australia, VanEck. He highlights the importance of understanding loss aversion and staying focused on long-term goals, despite short-term market fluctuations and psychological biases. Recent share market volatility and the threat of higher interest rates have scared investors afraid of losing money. These are thorns. Look for roses because loss aversion can be overcome. The lead-up to this past week’s RBA interest rate announcement and the week’s market volatility echoed two sentiments about investing we couldn’t overlook. Firstly, Morgan Housel, the author of The Psychology of Money, has said, “Volatility is the price of admission. The prize inside are superior long-term returns. You have to pay the price to get the returns.” And the second, from French novelist Jean-Baptiste Alphonse Karr, “We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses." Volatility and price moves go hand in hand with investing. They may cause short-term [...]

By Paula Saruda|2024-08-30T13:26:00+10:00August 30th, 2024|economic insights, financial education, investment strategies, market analysis, wealth management|0 Comments

Market Update with Rob Hogg

A market update with Robb Hogg, Chief Investment Officer of SG Hiscock & Company Limited. This article delves into the key market movements, investor sentiments, and economic indicators that defined July, offering a comprehensive overview of how these factors shaped expectations for future monetary policies. View this email in your browser A month of heightened expectations. July was a month of “rotation” in equity markets, weaker commodity prices, and further easing in global inflation pressures. This shifting dynamic resulted in rising hopes across the globe for policy rate reductions. Over the month, global equity market performances were generally positive (notably except for the US NASDAQ), and market interest rates declined with falls more pronounced for shorter-dated securities (2 year bonds) than for longer term bonds (10 and 30 year bonds) as hopes for monetary easing gathered pace. The Australian dollar (AUD) slipped slightly against the US dollar. Key market movements over the month were as follows: • S&P/ASX300 Accumulation [...]

By Paula Saruda|2024-08-09T16:18:50+10:00August 9th, 2024|economic trends, financial news, global markets, investment insights, market update|0 Comments

2024 Australia Retirement Planning Guide

An article by Nicole Comendador outlines essential superannuation updates, tax implications, and investment strategies, emphasizing the importance of proactive financial planning for a secure retirement. A Comprehensive Guide to Retirement Planning in Australia for 2024 By Nicole Comendador Retirement planning is a crucial aspect of financial well-being, especially in a country like Australia, where the landscape of superannuation and retirement benefits is continually evolving. As we approach 2024, Australians need to stay informed about the latest changes in laws and adopt effective financial strategies to ensure a comfortable retirement. This guide provides an overview of the essential components of retirement planning in Australia, highlighting recent legal changes and offering strategies for the upcoming year. Understanding superannuation changes Superannuation remains the cornerstone of retirement planning in Australia. Recent changes to superannuation laws aim to enhance the retirement savings of Australians by making the system more efficient and beneficial for individuals. Key changes for 2024: - Contribution caps: Keep an eye [...]

By Paula Saruda|2024-08-21T11:18:06+10:00July 15th, 2024|estate planning, Retirement|0 Comments

Fundamentals to estate planning

An article from Property Update provides clients with several key insights to help them understand and manage their estate planning effectively. Fundamentals to Estate Planning By Ken Raiss March 23, 2023 Planning your estate is an important matter. Estate planning involves arranging your assets and circumstances in such a way as to ensure that your beneficiaries after your death receive from your assets, maximum use and enjoyment at a minimum cost in taxes and heartache. In other words, estate planning should be an efficient and effective intergenerational wealth transfer solution that provides for your required lifestyle and enjoyment ambitions while you are alive. Before delving deeper into this topic with your legal advisor, it is important to understand the basic fundamentals. Note: The main issue to understand is that you will only look at your estate assets which will be managed through your will, and not your non-estate assets which are outside of your will. It is also important to understand [...]

By Paula Saruda|2024-07-15T12:09:12+10:00June 24th, 2024|estate planning, financial planning, legal advice, wealth management|0 Comments

The Ultimate Superannuation Checklist

BY LIAM SHORTE Republished from first/inks.com.au Yet again we have only a short time left to the end of the financial year to put our SMSF or other super funds in order and ensure we are making the most of the strategies available to us. Here is a checklist of the most important issues that you should address with your advisers before the year-end. Warning before we begin In the rush to take advantage of new strategies, don't forget how good you may have it already. Be careful not to allow your accountant, administrator or financial planner to reset any pension that has been grandfathered under the pension deeming rules that came in on 1 January 2015 with out updated advice on the future consequences of losing the grandfathering. Point them to this document. It's all about timing If you are making a contribution, the funds must hit the super fund's bank account by the close of business [...]

By Paula Saruda|2024-05-17T15:07:30+10:00May 17th, 2024|investment strategy, Retirement|0 Comments

Superannuation Insights: 5 Lessons Learned

An article from The Conversation by Susan Thorp provides valuable insights and advice related to superannuation, benefiting our clients by helping them make informed decisions about their finances. After a lifetime studying superannuation, here are 5 things I wish I knew earlier. Published: January 29, 2024 6.03am AEDT Susan Thorp Professor of Finance, University of Sydney Amassing the wealth needed to support retirement by regular saving is a monumental test of personal planning and discipline. Fortunately for most Australian workers, the superannuation system can help. Superannuation uses the carrot of tax incentives, and the sticks of compulsion and limited access, to make us save for retirement. There are benefits to paying timely attention to your super early in your working life to get the most from this publicly mandated form of financial self-discipline. I've been researching and thinking about superannuation for most of my career. Here's what I wish I knew at the beginning of my working life. 1. [...]

By Paula Saruda|2024-05-09T17:13:24+10:00May 9th, 2024|Tips and Other News|0 Comments