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Paul Benson

Paul Benson

Paul Benson is a Certified Financial Planner, and host of the Financial Autonomy podcast.

Keeping on top of an SMSF can be a lot of work.

We’re in our mid-50s. Should we shift our super into an SMSF?

There’s a common thought that once you hit a certain age and super balance, self-managed super funds make sense. I’m not so convinced.

  • Paul Benson

Latest

Paying off your mortgage at a young age can free you up for later in life.

I’m 35 with a $150k mortgage. Should I pay it off ASAP, or invest elsewhere?

When it comes to choosing where to invest, there is no definitive wrong answer. It largely comes down to your risk appetite and goals.

  • Paul Benson
Squirrelling away $200,000 into your super is likely the best option, despite potential market falls.

I’m 65, and I want to retire in two years. How should I invest $200k?

Once you retire, your retirement savings will continue on as they were and continue to earn, so don’t be afraid to top them up.

  • Paul Benson
Freeing yourself from the shackles of a mortgage is no easy task.

How can we clear our $500,000 mortgage in five years time?

If you have the risk appetite, and the income, you can wipe a fair amount off your mortgage rather quickly.

  • Paul Benson
Mortgage moves.

I’m 36 with only $45k left on my mortgage. Should I pay it off early?

There’s the peace of mind and extra flexibility you gain through being mortgage free, and that has real value, even if it doesn’t show up on a spreadsheet.

  • Paul Benson
Trustees do not have unfettered power to deliberately exclude particular beneficiaries, even if they are estranged.

I want to fairly give my three nephews money. How should I do it?

The impact your gifts will have on your nephews now will be far more significant than if they have to wait until you pass away.

  • Paul Benson
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Financial advice can be complex and confusing.

My super fund’s no help. So how do I choose a good financial advisor?

Your priority should be to find someone with whom you feel comfortable having open and frank discussions.

  • Paul Benson
Topping up your super.

I’m 53 and earning $5600 a month. Should I be adding more to my super?

The benefit of sending extra savings to superannuation depends on your other goals, but it can help your retirement fund.

  • Paul Benson
Providing an early inheritance to your children can be a good move, as long as it doesn’t disadvantage your situation.

Should we take out a reverse mortgage to help our kids buy a house?

Embarking on an early inheritance strategy can work to tackle the generational imbalances caused by high home prices.

  • Paul Benson
I’m about to get my inheritance. Should I buy a Lamborghini?

I’m about to get my inheritance. Should I buy a Lamborghini?

Once you’ve cleared your mortgage and set a nest egg aside, perhaps you could pursue fun things like a sports car.

  • Paul Benson