Financial Planning Life Stages
Getting Started - 20's and 30's
Building wealth during this stage is an extremely important time and obtaining financial advice is critical to set you on the path for success. Important areas to consider and manage include:
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Cash flow and debt management
Career planning
Buying your first home
Family commitments
Superannuation
Investment portfolio
Lifestyle protection
Travel
Mid Life - 40's and 50's
Possibly the most critical time to prepare for and lay the foundation of what will be a quality retirement. This period of life generally covers the important areas of:
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Building personal wealth and focus on debt reduction
Strategies to increase superannuation wealth
Cash flow management and efficient taxation planning
Meeting lifestyle goals
Children’s education
Inheritance management
Caring for aged parents (Centrelink and Aged Care advice essential)
Pre Retirement - 50's and 60's
It is necessary to meet with a financial adviser at this stage to discuss your retirement income requirements and implement strategies designed to assist you achieve your goals and objectives. Important areas to obtain financial assistance includes:
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Retirement planning
Redundancy
Clearing debts
Building personal wealth
Superannuation becomes pivotal throughout this stage
Putting in place the right structure to tax effectively manage wealth
Inheritance management
Assisting children (weddings, grandchildren)
Retirement - Age 60+
At this stage the hard work and planning throughout the course of your working life should now leave you well placed to enjoy a quality retirement. Areas you should seek advice from a financial adviser include:
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Managing and protecting wealth
Income streams in retirement from superannuation and personal investments
Centrelink strategies
Healthcare
Relocating/downsizing
Considering the need for aged care
Aged Care
Aged care can be a complex and confusing time and we provide advice and assistance with helping you understand the following:
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In home aged care services
Residential aged care options
Accommodation bond options
Centrelink strategies