Don't get ripped off
How do you get the cheapest home loan rate? Well, the very lowest interest rate mortgages are only available to brokers. You see banks and other lenders give brokers a special commission if they send customers their way, this comes in two forms: Upfront commission of about 0.65% Ongoing trail commision paid every year of […]
A friend asked me to look at www.australianethical.com.au for your superannuation, I wasn’t very impressed. Maybe ethical for companies, but what about retirees? 1 – Fees are too high MySuper balanced option total fees are (1.134%). The lowest fees are Hostplus – indexed balanced option (0.03%) which works out at about $100,000 less in retirement […]
Recently the Murray Report found that Australian’s are paying double the fees of other Western countries for their retirement. That’s costing us $20 billion dollars each year, or an average of $1100 each! Why are Aussies being so badly ripped off? Well we could blame the funds for slugging consumers with hidden high fees and […]