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Prepare for Life: June 2020
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
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
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
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.

Prepare for Life: June 2019
Prepare for Life: June 2019

We would like to share with you our June 2019 issue for Prepare for Life. In this issue: Buy Now, Pay Later – Did you know that Australia’s household debt nears the highest in the world? (See more…) Loans and Encumbrances – A Pension Minefield – For many people, being debt free at retirement is one of their long-term goals. (See more…) The Eighth Wonder of the World – When saving for a long-term goal, such as retirement, is it better to save small amounts for a long time, perhaps saving when we can ill-afford to? (See more…) Insurance – Protecting what you have – When you’re buying a car or planning a holiday, insurance is probably the last thing you want to think about. (See more…) We hope you find this newsletter helpful to you. If you have questions on any of these topics, please contact us.

Winter 2019 Quarterly Insight Newsletter
Winter 2019 Quarterly Insight Newsletter

Mid-year update As the cooler weather starts to set in, many of you will be feeling more relaxed, with uncertainty around the Federal Election now resolved. Thoughts now turn to tax. With that in mind, we’re starting off this month with a list of tips to make the end of financial year as easy as possible. Now is also a great time to review your professional goals. To help you out here, we’ve included a piece on the traits of successful people. Have you got the right habits to reach the top? We then look at what it means to have a long and happy relationship with your super, before putting a spotlight on life insurance. There are many variables involved in choosing the cover that’s right for you, and we help you make sense of them. To wrap things up, we analyse the growing trend of financial stress amongst Australians, before finishing with some tips on how to avoid information overload. Making the most of the end of the financial year – As the end of the financial year draws closer, thoughts turn to tax. So how can you streamline your tax return while ensuring you take advantage of all the claims that are possible? (See more…) Traits of successful people – Richard Branson, of Virgin fame. Red Balloon founder Naomi Simpson. Bill Gates of Microsoft. Oprah Winfrey of… well, you get the theme. (See more…) The benefits of a long, happy relationship with your Super – Superannuation is a long-term financial relationship. It begins with our first job, grows during our working life and hopefully supports us through our old age. (See more…) How much life insurance is enough? – Australians enjoy access to a strong safety net, with universal healthcare and the new Disability Support Scheme. But will this be enough to protect your family’s standard of living if you or your partner die or become too ill to work? (See more…) Tackling financial stress – You’ve probably heard of social stress – fear of fitting in, feeling anxious about meeting new people. But there’s another form of stress on the rise that’s potentially affecting Australians much more regularly and seriously than getting butterflies before giving a speech. (See more…) Managing the information overload – It’s 2019. We’re well and truly in the digital era. Statistically speaking, you probably not only have a desktop computer, but a laptop and a smart phone too. (See more…) With that in mind, if you can’t make sense of the media noise, perhaps it’s time for a review. We’re always here to help you make sense of changes as they apply to your financial situation, while keeping your goals and circumstances front of mind. We hope you have a wonderful winter.

Prepare for Life: March 2019
Prepare for Life: March 2019

We would like to share with you our March 2019 issue for Prepare for Life. In this issue: Paying it Forward – Do you ever get to the stage when you think you have just got on top of your finances and then a big bill arrives? (See more…) Goal-Based Risk – It is common in the finance industry to use people’s subjective feelings about risk as part of the process to develop a particular investment strategy. (See more…) Claiming an Age Pension – The process of claiming an Age pension can be complicated and daunting. (See more…) We hope you find this newsletter a good read. If you have questions on any of these topics, please do not hesitate to contact us.

Autumn 2019 Quarterly Insight Newsletter
Autumn 2019 Quarterly Insight Newsletter

New year, new start Summer has come to an end and those days by the beach may be feeling like a distant memory as the year really kicks into gear. Our first edition for the year has a range of articles to inform, inspire and set you up for a successful and prosperous 2019. We’re covering everything from budgeting tips to deal with cost of living increases, to the need to consider your medium-term goals and even investment psychology – specifically how to avoid the pack mentality in your approach to investing. With Valentine’s day just behind us, we also take a look at love, money and the importance of communication, before finishing on an important lesson outlining how to teach your kids about finances. Family finances – the tick of approval? – As the prices of petrol, groceries, school fees, electricity and water all creep upward, families are under increasing pressure just to make ends meet. (See more…) Using technology to keep your finances in great shape – While online banking has given bank customers the ability to check their balance and monitor ingoings and outgoings easily, today’s finance apps go much further than this. (See more…) Keep your eye on your medium term goals – When it comes to setting financial priorities, medium-term goals often suffer from middle child syndrome, not taken as seriously as the oldest or indulged as much as the youngest. (See more…) Investing and avoiding the ‘pack mentality’ – Many of us yearn to have the cold, hard, robotic logic of the world’s most successful investors. Unfortunately, we ordinary folk are governed by something a bit more basic. Something that even those stock market legends had to struggle through at the very start. (See more…) Love and money – maintaining financial harmony – As a wise man once said, “I don’t know what they want from me. It’s like the more money we come across, the more problems we see.” (See more…) Money lessons for kids – While some wealthy parents may believe their progeny are not equipped to handle wealth wisely, others simply want their kids to learn how to strive to get ahead just as they did. (See more…) 2019 also promises to be a big year on the national and global stage, with concerns about property prices and the upcoming Federal Election cause for much conversation. With all that said, now is the perfect time to book in for a review. We can help you put your goals in focus and create a financial strategy that takes into account both external factors and your personal situation. We hope you’re enjoying the new year. Enjoy the read.

Prepare for Life: December 2018
Prepare for Life: December 2018

We would like to share with you our December 2018 issue for Prepare for Life. In this issue: Christmas Shopping – protecting yourself online – As we get closer to Christmas, our thoughts turn to shopping for the holidays. (See more…) Who gets your Super? – While it is often uncomfortable to think about our mortality, thinking about how we would like our wealth transferred to our loved ones after we die is something that deserves a little thought. (See more…) The Tax Advantages of Super – One of the attractions of superannuation is the fact that super funds are very favourably taxed. (See more…) We hope you find these articles useful. If you have questions on any of these topics, feel free to contact us.

Spring 2018 Quarterly Insight Newsletter
Spring 2018 Quarterly Insight Newsletter

Spring is the time when sports mad junkies get their fix It is the start of the football finals, and racing carnival Questions like will Winx win another Cox plate, will another European rider take away the Melbourne Cup, will Richmond take out the AFL premiership again, and will it be a Melbourne, NSW or Queensland team that wins the NRL in 2018. Spring is also the time from a financial planning point of view where we encourage clients to undertake a spring clean and review plans to see if they are still on track or need tweaking. In this edition, you will find a number of articles on Superannuation, alternative ways to pay for Life Insurance, and an article on the magic of the number 72, and financial abuse. Economic Outlook – Asia/Pacific – For all the noise that has arisen out of this region, we remain constructive on its outlook. (See more…) The Rule of 72 – Why 72 is The Answer to The Ultimate Question of Life, The Universe and Everything (not 42 as Douglas Adams would have you believe!). (See more…) Is there a better way to pay insurance? – Superannuation changes introduced in 2017 have opened new opportunities, whereby employees can use their superannuation to fund their insurance needs. (See more…) Five Finance Tips, Get in shape this financial year – As a new financial year begins, there’s no better time to take a step back and review your finances. (See more…) SUPERANNUATION: is it time to review your investments? – You may be missing out or taking unnecessary risks if you take a set-and-forget strategy to your super. (See more…) Lessons from the market – Every market cycle – bull or bear – provides opportunities for investors to improve their process for investing. (See more…) A Tale of Abuse – This is a story that was recently published in a financial planning industry magazine and is typical, unfortunately of the type of problems that are often referred to a financial planner for assistance. (See more…) If nothing more, we hope the newsletter gets you thinking about us, and prompts you to consider making a time for a review meeting. I urge you to call our office to discuss any article or any matter relating to your own personal circumstances. We are here to help, and as an example, if you would like to arrange a review of any of your finance needs, I can introduce you to assistance with home loans, investment loans, construction loans, tax debt finance, car loans or any business equipment finance. I hope you enjoy Spring, and the next time when you are working out how much your investments may be worth over time, you can use the rule of 72 to help with your calculations.