Why Financial Planning is important to plan ahead?

You see each of us are busy running around earning money, looking after your family, buy your first car or first home or that investment property while also enjoying the things that you would like to do by your self or with your loved ones. All for what ?

In my years of working with different clients, the core reason is to have a comfortable life now, provide for your future security for you and or your loved ones and comfortable retirement. so it is good to plan ahead and take action. It is like to know where you wants to go and set  your navigation system to guide you to your destination and if there is an obstacle or road block, it will help you a detour, take a break or refresh your journey to set course again. Similarly a Financial Adviser will understand what you have now and know what you want to achieve for tomorrow and help you navigate through years to take you to your financial freedom. 

Financial planning is a process, Together we look at where you would like to see your next 2 years, 5 years,  10 years or so on, then we will set up practical and strategic steps to journey with you.

Financial life planning is about aligning your financial decisions with your personal values, goals, and life circumstances. So while we will have ongoing check in with life’s changes, cater to any detours, together we will Journey to achieve life now and life later.

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Cash flow and Strategic Debt Reduction

We look at your current financial position - income , behavioural understanding on your spending and savings plus your debt accrued - good or bad debt, and we will approach a strategic solution, helping you to manage it effectively and work toward financial stability. There are so many theories or rule of thumb on how to use your income  - living expense, spending and savings but it ALL comes to what works for you without binging, otherwise you will fall into same loop. so it is crucial to understand and make little changes to your current pattern. 

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Cash flow management, Debt consolidation, Debt recycling, Equity building and Leverage  are few strategies to consider and how it can be applied in your financial circumstances.

Asset Structure & Tax savings

By strategically structuring your assets, you can create a well-balanced portfolio that helps you achieve your financial goals while managing risk effectively.As part of ongoing financial planning journey, at the right strategic time, we will enlighten and venture the possibility to find the right structures in place while navigating the tax system and finding the best way to save your hard earned money back into your pocket.It involves organizing your investments in a way that aligns with your financial goals, risk tolerance, and market conditions

Wealth Planning

Wealth planning starts simply from your savings and then to plan how effectively work to build both your personal wealth and super for your future. It is about understanding the trade-offs and striking a balance between planning for now and building for future. Things we look at 

• Investment planning for short term , medium term and long term with regularly annual Review of strategy

  • short term example - savings for a Europe trip in a year or two.

  • Medium term example - Build an Education fund for your kids

  • Long term example - Retire early at 55, before super pension age so to build personal wealth portfolio with diversified investments.

• Maximising Super savings either within your Industry super fund, Retail Super or Self Managed Super Fund (SMSF)

Risk & Wealth Protection (Insurance)

Insurance planning is a crucial part of financial security, helping you manage risk, protect your assets, and safeguard your family’s financial future, even when life throws you a curveball.

By carefully planning your insurance coverage, you can protect your financial future and ensure peace of mind.

It's also important to understand the costs of your insurance and review your coverage annually, so you can avoid paying higher premiums or for unnecessary insurance. As your adviser, we understand you and your family’s needs and can recommend the appropriate insurance coverage as part of your ongoing review and overall wealth planning.

Self-Managed Super Fund (SMSF)

Self-Managed Super Fund (SMSF) offer greater control over your retirement savings but come with specific responsibilities. One has to consider all the pro and cons of having a SMSF and if it is the best options in line with your financial objective.

By carefully planning your SMSF, you can maximize your retirement savings while ensuring compliance with regulations.

Business Succession Planning

Business succession planning is essential for ensuring a smooth transition when passing your business on to the next generation or a new owner.

By proactively planning for business succession, you can ensure the continuity of your business and protect the interests of all involved parties.

Aged Care Advice & Centrelink

Planning for aged care involves preparing for both the emotional and financial aspects of care in later life.

By planning ahead for aged care, you can ensure that you or your loved ones receive the appropriate support and care while maintaining dignity and comfort.

Other Administrative Services

Financial planning administrative services help streamline the management of your financial plans and investments. These services can include a range of support activities to enhance the efficiency and effectiveness of your financial planning process, Such as SMSF administration, tax returns lodgement. We will work with your accountant and/or our referral partners to provide valued services in align with your overall financial goals and planning.

If you’re considering financial planning administrative services, think about which specific areas you need help with and how these services can best support your financial goals.