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  • Profile photo of AilimeAilime
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    @ailime
    Join Date: 2008
    Post Count: 28
    May 14, 2013 - 9:41 am

    Thank you so much for the reference from tax law, Terry!

    Profile photo of AilimeAilime
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    @ailime
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    May 14, 2013 - 9:21 am

    Totally agree with you, Derek!

    Profile photo of AilimeAilime
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    @ailime
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    May 14, 2013 - 9:17 am

    Thank you so, so much, everybody!

    Really appreciate your responses.

    I am going to send this to my sister and BIL :)

    Profile photo of AilimeAilime
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    @ailime
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    May 13, 2013 - 10:24 pm

    Thank you so much, Jamie and Tom!

    I am glad to know that I gave my sister and BIL the correct information.

    What sort of risk (especially from law &/ tax point of view) may my sister and BIL face, if they follow their accountant and friends' advice and claim the interest of the redrawn amount as tax deduction?

    Profile photo of AilimeAilime
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    @ailime
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    May 12, 2013 - 10:39 pm

    Thank you so much, Tom!

    Your response made me think…

    Does doing it in the following order make  a difference to their tax deductibility?

    1. Redraw from loan 1 the maximum redrawable amount, turning the loan balance into its original amount.

    2. Park the money in a separate saving account (to be used later as PPOR 2).

    3. Turn the PPOR1 into IP, change loan 1 into IO and dedicate loan 1 purely for the now IP purpose.

    Will this work for them?

    Profile photo of AilimeAilime
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    @ailime
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    April 24, 2013 - 1:49 pm

    Congratulations, Jamie and family!

    As others have said, the broken sleep does not last forever and your body will amazingly adjust to it.

    Not long to go until you 'catch' yourself singing her favorite song in the office :)

    Profile photo of AilimeAilime
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    @ailime
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    April 7, 2013 - 10:19 am

    Thank you very much, Richard and Jamie!

    Profile photo of AilimeAilime
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    @ailime
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    April 4, 2013 - 2:52 am

    I totally agree with the sleep at night comfort!

    BTW, What kind of insurance (apart from PHI) do children need?

    Profile photo of AilimeAilime
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    @ailime
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    April 4, 2013 - 12:11 am

    I just thought of another factor… the affordability of premium amount.

    Johann, why don't some people get payout?

    Profile photo of AilimeAilime
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    @ailime
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    April 3, 2013 - 1:16 pm

    I don't think there is a set amount as such.

    I believe it greatly depends on personal situation (having mortgage or not, dependents or not, etc) and how much the person taking the insurance is comfortable with.

    For a life insurance: one person may believe he/she needs only $ 500K, another person needs $1M coverage, another different person says $5M, while (I am taking a wild guess here :)) a billionaire may want $xxx billion or nothing all because he/she/the family have more than enough safety net.

    Profile photo of AilimeAilime
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    @ailime
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    April 1, 2013 - 1:00 am

    She has great voice!

    Thank you for sharing…

    Profile photo of AilimeAilime
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    @ailime
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    March 1, 2013 - 9:20 pm

    Congratulations on achieving that milestone, Johann!

    I agree with Joe and Matt when it comes to children can be costly. I also believe children can be as costly or as economical as we parents make it – especially in the first few years of their lives. Dressing a baby in only branded clothing can be more expensive than twins or higher order multiples wearing department store clothing :)

    Having said that, it does depend on the financial situation of the family.

    Profile photo of AilimeAilime
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    @ailime
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    January 31, 2013 - 3:20 am

    Glad to know you and your family are safe, Richard.

    I hope the worst is over and things can go back to normal soon.

    Profile photo of AilimeAilime
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    @ailime
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    December 14, 2012 - 10:56 pm

    Is it considered "too late" to enter the market?

    I saw a house advertised on Domain for 279K, which was sold for just over 10K in 2001 and 130K in 2007.

    Profile photo of AilimeAilime
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    @ailime
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    December 4, 2012 - 7:36 am

    Count me in, please :)

    I did the same to my husband, too.

    Profile photo of AilimeAilime
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    @ailime
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    November 23, 2012 - 9:50 pm

    Hi Devilz

    I think the guys above gave great suggestions & advice.

    It appears to me that your property portfolio has a (combined) negative return at this point in time.

    My understanding on your Math:

    The Emerald unit gives you net positive "profit" of $7K.

    The Brisbane house gives net "loss" of $14.5K

    When we combined both property, you have a net "loss" of $7.5K, which I think what you are after in terms of paying less tax?

    Profile photo of AilimeAilime
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    @ailime
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    November 21, 2012 - 7:50 am

    From memory they do offer mentoring program with ongoing support.

    Profile photo of AilimeAilime
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    @ailime
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    November 18, 2012 - 4:37 am

    I am very thankful for Richard's reply… there are several things to learn and think about that I hadn't known or thought of.

    Profile photo of AilimeAilime
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    @ailime
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    November 13, 2012 - 8:14 am

    I have the same problem!

    Glad to know there are ways to address it.

    Profile photo of AilimeAilime
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    @ailime
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    November 1, 2012 - 2:00 am

    I finally managed to find this thread again… how has life been treating you and your family, Ben?

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