A large part of what we do is taking the time to understand the legislation involved in the financials of Australians and figuring out ways for us to use it to the advantage of our clients.
If you’re in your 50’s, you have probably thought that the closer you are to retirement the more you should be invested in low risk. This usually translates to you believing that you should be avoiding the volatility of growth assets such as companies.
Retirement sounds great, no more work, and the freedom to do whatever you want. But why do we sometimes fear what is yet to come?
The term “financial planner” is broad one, as there are many different areas a planner can specialise in, much like a doctor.
When people discuss superannuation and/or retirement planning, the topic of risk is often brought up in conversation.
Providing hand outs to your adult children is not going to teach them the valuable lessons they need to stand on their own two feet. However, that’s not to say you can’t help them by providing a “hand up” alternative.
A big part of a financial planner's role is to minimise the tax you pay as much as possible, this even includes the tax your loved ones will on the assets you leave behind when you pass away.
As an investor, you’ll have experienced a fear of losing money and/or a fear of missing out on potential gains.
The old-fashioned method of payment of cash has become a thing of the past for most people.
But cash can be used as a great tool to cap your spending on certain discretionary expenses and not blow your budget out of the water.
One of the key things involved with retirement planning is finding out what the clients retirement goals are. Usually, this would involve a time where they would move from full-time work straight to fully retired.
Dallas Davison, Michael Hogue and Ali Hogue.