The SMSF Association suggested that about 90 per cent of SMSF trustees have an accountant to do their tax returns and administration. Costs generally should be between about $2000 and $3500 a year, including the audit. If you’re paying more for your tax, you’re probably paying too much. Financial advice will be additional and in the vicinity of between 1 and 2 per cent of funds under advice.
The 60/40 Portfolio and the Risk of a Lost Decade
Most investors understand the logic of the traditional 60/40 portfolio. Own a diversified mix of shares and bonds. Shares provide long-term growth. Bonds provide income…