Michael O'Hara

Michael O'Hara is a Financial Planner operating out of a boutique advisory service in Perth, Western Australia.

RBA drops interest rates – why?

Financial planning perth which way to go
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The Reserve Bank of Australia today announced that it has dropped interest rates yet again. Borrowers on variable rates linked to the RBA cash rate will rejoice when their particular financial institution eventually agrees to pass on the interest rate cut. Pensioners and people living off interest income will find their next interest payment is…

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A Christmas Greeting

financial planners perth christmas message
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It’s been a tumultuous year in the world of money, and 2015 looks to be just as interesting. Thank you for reading my blog, and a big thank you to those who have commented or contacted me with suggestions, ideas or to share thoughts. Next year promises to be a big one, so i would…

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Financial planners and life insurance

financial planners and life insurance Peter Kell ASIC Deputy Chairman
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Financial planners and life insurance have been in the headlines recently. It’s a strange development, for a variety of reasons that i will cover later in this post. For the moment however, let’s just say that the current debate is highly superficial, and there’s a need for greater clarity – so read on! Financial planners…

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Medibank float

medibank float
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The Medibank float is likely to be the largest and most keenly sought-after Australian Stock Exchange (“ASX”) retail float for a very long time.The high level of interest is a reflection of many issues – some valid and some not so valid from an objective investor point of view. In this post, i muse on…

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Retiring Age in Australia

Retiring age in Australia
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In my role as a financial planner i am often asked questions about the retiring age in Australia. There is no simple answer – the age differs according to where your focus is – superannuation, tax or government age pension income support. Here’s a quick look at different versions of the retiring age in Australia.

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Interest rate jitters

losing sleep over interest rate jitters
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What keeps this financial planner awake at night? Currently, it’s thoughts about “the anchoring fallacy” and the impact it can have on money and plans for the future.

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Pension Deeming after 1 January 2015

pension deeming deadline
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D-Day for pensioners is approaching With important new deeming rules coming into effect on 1 January 2015, now is the time to review your superannuation and pension arrangements to ensure you don’t miss out on valuable Social Security entitlements.  Pension deeming after 1 January 2015 will change Account based pensions have generally been given favourable…

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