Apart from those who need advice for a specific reason (such as tax planning for selling property/ business or buying life insurance) there are 2 main reasons for people to seek Financial Advice, these are:
Many don’t seek advice until they want to retire within 5 years but there are an increasing number of people who understand that the sooner they start the better their finances and retirement situation will be. There are several planning opportunities that you should take advantage of before you retire so it's important to get this pre-retirement advice.
But what if you think about your financial position up to age 50 and how planning early might affect your pre-retirement lifestyle. Although your life may be more hectic in your 30s and 40s and your resources limited with extra funds harder to find.
What you do have is time, and lots of it. Time is a key factor in wealth creation, often the most important when it comes to compounding. Slight changes in these earlier stages can have huge benefits in the long run.
Having the vision to plan early is often the difference between where you are likely to end up and where you'd like to go.
Navigating the complexities of the real estate market can be a daunting task. This is where a local buyer's agent comes into play, offering invaluable expertise and guidance throughout the home buying process. This is where a local buyer's agent comes into play, offering invaluable expertise and guidance throughout the home buying process. By leveraging their in-depth knowledge of the local market, buyer’s agents can help clients make informed decisions, avoid common pitfalls, and ultimately secure the perfect property. Below are ten essential questions to consider when choosing a local buyer's agent, designed to help you understand their role, benefits, and how to select the right one for your needs.
An investment strategy is a documented plan that outlines how your SMSF will achieve its investment objectives while considering the fund's circumstances and the needs of its members. This strategy should guide your investment decisions and help ensure the fund is on track to meet its retirement goals.
A Self-Managed Super Fund (SMSF) offers an unparalleled level of control and flexibility for managing retirement savings. It is a type of superannuation fund in Australia that provides individuals with the ability to manage their own superannuation investments. Unlike retail or industry super funds, SMSFs offer complete control over investment decisions. This level of autonomy allows members to tailor their investment strategies to suit their personal financial goals and risk tolerance.
Managing an SMSF involves several responsibilities and regulatory requirements. Also, SMSFs offer a high degree of control and flexibility and come with significant responsibilities and risks.
While pure life insurance is straightforward, the other personal insurances may differ significantly from policy to policy. Definitions of diseases may vary. There may be a range of optional extras – some valuable, others more of a gimmick. With TPD insurance, you may have the choice of ‘own occupation’ or ‘any occupation’. Insurance companies vary in the speed with which they process claims, and beyond that is the question of which insurances should be held via a superannuation fund and which should be held directly.
