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Prepare for Life: June 2020

Welcome to a new decade! In Financial Planning, we tend to focus on short, medium and long-term client goals and objectives. Short term goals tend to be 12-24 months, medium-term – a decade, and long-term goals to retirement, a lifetime, or inter-generational. From a medium-term perspective, it is often good to look backwards to understand just how quickly deferring savings decisions can pass, and why time in the market rather than market timing is so important. If you would like to sit down to review your last 10 years, and update your current plan for the next short or long-term goals for you or any other family members, we hope this newsletter gives you some reason to make this decade a financial success. Unfortunately, the year has started with both tragedy and personal triumph with bushfires, wild storms sweeping our great country, as well as a deadly virus breakout at this stage in parts of Asia. Australians have reached deep into their pockets to assist those impacted, particularly those who have been left homeless, lost businesses, loved ones, or live in a community that may be in a form of recession for up to a decade in some instances. Insurance companies have been fielding record levels of claims for fire and storm damage, and as advisers, we hope the homes, fire and storm randomly selected were those homes fully insured, and a greater percentage than we have seen in many other tragedies or previous catastrophes. Insurance, whether it be life insurance, income protection insurance, business insurance, or just a typical home and contents policy vary dramatically between each other. Insurance purchased directly and not from a professional is often found to be inadequate, only after an event like we have just seen. Many of our clients have either suffered directly or indirectly, and our thoughts are with those impacted, and fortunately, the better insurers have been fast to act and provide positive outcomes for those under financial stress. In this newsletter, we have discussed numerous subjects, but in relation to those directly impacted by fires who might not have had insurance, there is scope to get early access to some of your superannuation in certain circumstances. We have discussed this in brief, and offer any friends or families you know that have been impacted with an advice line. Reviewing your Super – Results for the calendar year 2019 in superannuation have been very good for those who had weightings in property, as well as International and Australian equity investments. (See more…) The Pyramid of Financial Success – When we talk to clients about financial planning, it is all about you and not generic. (See more…) Natural disasters and access to superannuation – This article was written by Olivia Long, and appeared on Morningstar. (See more…) Insurance – are you self-insuring? – Insurance is not compulsory, and each of us has a choice to transfer the risk to an insurer or self-insure. (See more…) Dealing with debt – Australia’s household debt is among the highest in the world and rising, thanks largely to worsening housing affordability and plentiful consumer credit. (See more…) Learning to invest in yourself – Australia has had an extraordinary run of good economic times, but the party is beginning to wind down, with unemployment trending upwards, and wages flat-lining. (See more…) The Reward of Donations – The bushfire disasters across Australia over the past months have demonstrated the enormous generosity of Australians – from sporting stars, Hollywood heavyweights and business leaders through to ordinary people from across the country, all just wanting to help and make a difference. (See more…) In fact, if you have any questions or queries about how you or your business might be affected by anything you see in this client update, please reach out to our office for further information. We hope you enjoy the newsletter, and look forward to bringing you more updates as the year progresses, and wish you well for another big year ahead. We have attached a short schedule so you can assess your own insurances, to see if you are happy remaining uninsured in some areas, and if not, wish us to assist in plugging the gaps of your own family’s risk.

Summer 2020 Quarterly Insight Newsletter

Welcome to a new decade! In Financial Planning, we tend to focus on short, medium and long-term client goals and objectives. Short term goals tend to be 12-24 months, medium-term – a decade, and long-term goals to retirement, a lifetime, or inter-generational. From a medium-term perspective, it is often good to look backwards to understand just how quickly deferring savings decisions can pass, and why time in the market rather than market timing is so important. If you would like to sit down to review your last 10 years, and update your current plan for the next short or long-term goals for you or any other family members, we hope this newsletter gives you some reason to make this decade a financial success. Unfortunately, the year has started with both tragedy and personal triumph with bushfires, wild storms sweeping our great country, as well as a deadly virus breakout at this stage in parts of Asia. Australians have reached deep into their pockets to assist those impacted, particularly those who have been left homeless, lost businesses, loved ones, or live in a community that may be in a form of recession for up to a decade in some instances. Insurance companies have been fielding record levels of claims for fire and storm damage, and as advisers, we hope the homes, fire and storm randomly selected were those homes fully insured, and a greater percentage than we have seen in many other tragedies or previous catastrophes. Insurance, whether it be life insurance, income protection insurance, business insurance, or just a typical home and contents policy vary dramatically between each other. Insurance purchased directly and not from a professional is often found to be inadequate, only after an event like we have just seen. Many of our clients have either suffered directly or indirectly, and our thoughts are with those impacted, and fortunately, the better insurers have been fast to act and provide positive outcomes for those under financial stress. In this newsletter, we have discussed numerous subjects, but in relation to those directly impacted by fires who might not have had insurance, there is scope to get early access to some of your superannuation in certain circumstances. We have discussed this in brief, and offer any friends or families you know that have been impacted with an advice line. Reviewing your Super – Results for the calendar year 2019 in superannuation have been very good for those who had weightings in property, as well as International and Australian equity investments. (See more…) The Pyramid of Financial Success – When we talk to clients about financial planning, it is all about you and not generic. (See more…) Natural disasters and access to superannuation – This article was written by Olivia Long, and appeared on Morningstar. (See more…) Insurance – are you self-insuring? – Insurance is not compulsory, and each of us has a choice to transfer the risk to an insurer or self-insure. (See more…) Dealing with debt – Australia’s household debt is among the highest in the world and rising, thanks largely to worsening housing affordability and plentiful consumer credit. (See more…) Learning to invest in yourself – Australia has had an extraordinary run of good economic times, but the party is beginning to wind down, with unemployment trending upwards, and wages flat-lining. (See more…) The Reward of Donations – The bushfire disasters across Australia over the past months have demonstrated the enormous generosity of Australians – from sporting stars, Hollywood heavyweights and business leaders through to ordinary people from across the country, all just wanting to help and make a difference. (See more…) In fact, if you have any questions or queries about how you or your business might be affected by anything you see in this client update, please reach out to our office for further information. We hope you enjoy the newsletter, and look forward to bringing you more updates as the year progresses, and wish you well for another big year ahead. We have attached a short schedule so you can assess your own insurances, to see if you are happy remaining uninsured in some areas, and if not, wish us to assist in plugging the gaps of your own family’s risk.

Prepare for Life: September 2019

We would like to share with you our September 2019 issue for Prepare for Life. In this issue: Are you Super aware? – It seems that the beginning of every financial year brings changes to superannuation, and 2019 is no different. (See more…) The Intergenerational Wealth Transfer Windfall – Over the next 20 years, an estimated 12.7 million people will benefit from the greatest transfer of wealth to occur. All up, over $3.5 trillion will be bequeathed to the children and grandchildren of the Baby Boomer generation. (See more…) Longevity – only a risk for some! – Have you heard of longevity risk? It’s the risk of outliving your savings. With the current life expectancy at over 80 years of age, and rising, it’s becoming a real concern. (See more…) We hope you find this newsletter of value to you. If you have questions on any of these topics, please contact us.

Spring 2019 Quarterly Insight Newsletter

It’s September, and spring is in the air. It’s time to shake off the winter blues, head to the stadium to cheer the footy finals, or dress to the nines for the spring racing carnival. It’s also a good time of the year to think about an annual tune up, to check in to see how you are tracking in terms of your goals, finances and general well-being. We also look at the options available for assisted living, given that our aging population makes it inevitable that more people will need some sort of living assistance, either at home or in a residential facility. Low interest rates seem to be here to stay, and we outline the best ways to manage your finances in a sustained, low interest rate environment. We then look at how much is enough super to fund the retirement you envision for yourself. For those of you who are wondering what to do when that tax refund lands in your account, we outline some options to get the most benefit from it. And finally, we look at the most common scams running at the moment, and the best ways to stay safe and protect your financial future. Time for your annual tune-up? Checking in on your goals, finances & health – We don’t think twice about taking our car in for a regular tune up. Why? Because we know it’s going to mean our car runs at its best and saves unexpected problems down the track. (See more…) Home care versus residential – Options for assisted living – If there is ever a time when stress levels and emotions can run high, it is facing the myriad decisions around caring for an elderly family member or loved one. (See more…) Making the most of low interest rates – The current low interest rate environment is good news for anyone with a mortgage or hoping to buy their first home, but a challenge for savers. Whatever your personal situation, the question now is how to make the most of low rates. (See more…) How much Super is enough? – Most of us dream of the day we can stop working and start ticking off our bucket list. Whether you dream of cruising Alaska, watching the sun rise over Uluru, improving your golf handicap or spending time with the grandkids, Superannuation is likely to be a major source of your retirement income. (See more…) Smart ways to invest your tax return – Tax time can often feel like a hassle, but it’s all worth it when that tax refund lands in your account. So, what’s the best way to spend it? (See more…) How to avoid a scam – Con artists make entertaining subjects for Hollywood scriptwriters (think The Wolf of Wall Street, Ocean’s Eleven and Catch Me If You Can), but there’s nothing enjoyable about being conned and fleeced in real life. (See more…) We hope you enjoy the read. As always, if you have any questions, or need any additional information, make a time to have a chat. We are here to help.