Financial Planning

Here are some of the Questions & Issues our clients are dealing with…

35-50 – “Instead of having it all you are both doing it all”

Key Challenge – Time poor with conflicting priorities

You never seem to get the time to sort everything out properly. Juggling- work being the perfect parent and husband or wife whilst trying to relax and enjoy life whilst trying to pay off the mortgage quicker whilst developing your career and trying to get ahead financially can be tough…

Your key questions / issues are likely to include;

  1. How can I get on top of my mortgage and loans?
  2. My kids are young. What happens to my family if something happens to me?
  3. Is my Super working as hard for me as it should?
  4. Should I be setting up an SMSF?
  5. I would love to set up my own business
  6. I am considering an investment property
  7. I have not made a will, what should I do?
  8. I never seem to have the time to get everything sorted out properly.

50-65 – “It is about you for a change” “Getting ahead can still be slow going”

Key Challenge – Slaying the mortgage whilst stuffing as much money as possible into your super

Despite being at the height of your earning power and having more time now that the kids are a bit older their will still be competing factors around paying off debts and funding super. Getting ahead can still be slow going and it can be hard to know what to do for the best and staying up with all the super changes is exhausting.

  1. Will I have enough to retire on?
  2. How much is enough to retire on?
  3. Is my Super working as hard for me as it should?
  4. What would be the smart investment portfolio?
  5. How can I get more money into super and save tax at the same time?
  6. How can I pay off my mortgage quickly enough to save enough to retire as well.
  7. How does owning a business affect my personal financial situation?
  8. School fees are becoming more expensive

65 plus

You have worked hard and raised the kids and paid off the mortgage now it is really time to start a new life and do all those things that you have been putting off… like an overseas trip or moving houses…spending more time with the grand kids.

Key challenge – “How to really enjoy your retirement (and do all the things you wanted to do), without worrying about your money”

  1. How can I maximize my centrelink/ DVA pension?
  2. Is my pension going to run out?
  3. How much should I be spending?
  4. What should I be investing in?
  5. Term deposits rates are low, what should I do?
  6. My Estate planning needs updating / I have not got an up to date will / I don’t know what an Enduring Power of Attorney is?
  7. I have not discussed our estate planning with the family

75 plus

You have been enjoying your retirement but want to remain confident about your money into the future and feel the time is right to review your plans.

Key challenge – “I want to make the most out of my money whilst thinking ahead”

  1. How can I maximize my centrelink benefits?
  2. I don’t get any centrelink but I think I might be entitled to some now
  3. Should I be making any changes to my pension or investments?
  4. I am thinking about downsizing my house?
  5. I am on my own looking after my money now and need some support.
  6. My Estate planning needs updating / I have not got an up to date will / I don’t know what an Enduring Power of Attorney is?
  7. I have not discussed our estate planning with the family
  8. What should we do if either of us needs care at home or needs to go into an aged care facility?
  9. My pension is running out, what should I do?

I have my own self managed super fund

You love having the control and flexibility of running your own fund but would like an expert coach to check over things once in a while and use as a sounding board whilst ensuring your compliance is 100%. You don’t want to risk losing 48% of my fund if the ATO deem it to be non complying.

Key challenge – “How can I make the most out of my fund?”

  1. I am not sure that I have the best investment strategy?
  2. My written investment strategy does not meet the current ATO requirements.
  3. How much risk should I be taking?
  4. All of my funds are in Term Deposits but I am looking for a better return.
  5. I want to buy property in my fund or have property in your fund.
  6. Am I taking advantage of all of the tax concessions in SMSFs?
  7. Do I need any insurance in the fund?
  8. Should I be using a corporate trustee?
  9. How do I start a pension?
  10. Am I getting ongoing/ proactive advice on my fund to stay up to date with all the compliance requirements.
  11. My accountant does not specialize in SMSF advice, what should I do?
  12. Am I paying too much in fees?

Business owners

You have a strong passion for running a small business but their never seems enough hours in the day and it is difficult to know who to turn to, to make sure your finances are working as hard as you are.

Key challenge – “Time poor with lost of different complex areas to consider”

Solution – Time efficient expert solutions

  1. How can I protect the value of my business if I or one of the other directors gets sick or dies?
  2. What would my family do if something happened to me?
  3. I am planning to exit the business in the next 5-10 years, what should I be thinking about now?
  4. I want to buy our commercial premises but how can I best use my super fund to do this?
  5. I struggle to keep up with all the changes and time in paying employees super. How can I simplify this?

This webpage contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.