Summer Update; Insurance, Reverse Mortgages, Cryptos and more

December – that means Christmas and the New Year are just around the corner and the battle for the ashes has started. Looking back over the sporting year, the Melbourne Demons won the AFL Flag after waiting a long 57 years, the Penrith Panthers triumphed in the NRL Grand Final and Verry Elleegant took out the Melbourne Cup. We hope you had some success in predicting the winners.

As for Covid, it’s fair to say that we all endured a tough year for many reasons. Let’s hope 2022 is lockdownfree and we can get on with living with whatever
challenges may emerge.

On the finance front, the RBA kept interest rates unchanged after lowering them to an all-time low of 0.1% in November 2020. In the long term, econometric models are projecting that the interest Rate will trend around 0.10% in 2022 and 0.25% in 2023.

In this newsletter we are reinforcing the message of not cancelling insurances without speaking to an adviser, as a reduction or restructure may be better than no
insurance. Also, selling the family home is not the only way to release extra income for your retirement and we explain how a Reverse Mortgage can be of benefit to you.

As gift-giving is a big part of Christmas, we would encourage you to reach out in support of those who have done it tough this year.

Hopefully you will have success in trying out our recipe of the Classic Christmas pudding.

Enjoy the read and as always, if you have any questions or need additional information, contact us. We are here to help.

We would like to wish you and your family a happy Festive Season and hope that the New Year brings you a lot of happiness and success.