Generations Personal and Professional Financial Advice WodongaFinancial Services Partners

Financial advice for pre-retirees

Talk about change – you've seen it all, and what you haven't seen isn't worth seeing. You've raised the kids, helped them move out of home (and back in again at least twice) and worked hard to get them married and settled. You may have even dropped a few hints about grandkids (which was very well received we’re sure!).

If you've been busy looking after others, now might be the time to let a financial adviser start looking after you. If you're approaching retirement, now is a good time to seek advice – so you can plan to spend your retirement doing all the things you want to. There is quite a lot an adviser can help you with – including making the transition to retirement from age 55 – yes you can access your super from age 55! Managing your money now can make a big difference to the quality of your retirement life.

Superannuation

Make the most of it before you retire – there is so much more to super than just your employers contribution.

  • Investment choice
  • Topping up
  • Consolidation
  • Salary sacrifice
  • Government co-contribution/voluntary contributions

Retirement planning

  • There's one big question you need advice to answer.
  • Will I have enough?

Investment

Don't forget about your assets outside of super, they too are important for your retirement and estate planning.

  • Accumulating wealth
  • Cashflow management
  • Refinance home loan
  • Gearing
  • CGT implications

Insurance

You've worked hard to build your assets over the years – so protect them!

  • Income protection
  • Business Expenses
  • Trauma
  • TPD
  • Death
  • Business Succession funding, key-person, loan guarantor.
  • We can even introduce you to a general insurance broker to insure your home, car, personal effects and business assets.

Taxation

No one wants to pay more tax than they have to – and planning for a tax free retirement is now an achievable goals thanks to recent changes.

  • Investment reporting
  • Tax legislation changes

Redundancy/changing jobs

Seeking advice early can help your financial plans stay on track. If you're proactively changing jobs you will probably get a pay rise. Make the most of it by getting some investment advice.

  • Payment and investment options
  • Re-assessing goals

Estate Planning

Planning for the unexpected becomes more important when you’ve got others depending on you. Seeking and implementing advice can provide peace of mind in the event of the unexpected. ?  Your Will is arguably the most important document that you will ever sign, because it gives away everything that you own.

  • Trusts
  • How do I distribute my estate fairly to my family and other beneficiaries?
  • Creating your estate plan together with your accountant and solicitor
  • Binding nominations versus Trustee decision

Legislative/ Government changes

There are lots of opportunities you can put to use, let an adviser show you how to make the most of them for your situation.

  • Government policy
  • Age pension changes
  • Centrelink benefits
  • Transition to retirement

Aged Care Planning

Placing someone that you love into Aged Care can be an extremely stressful and taxing time for all concerned. When investigating Aged Care Accommodation options for someone that you love, you're usually entering a world where those involved may as well be speaking another language!

  • High Care
  • Low Care
  • Accommodation Bonds
  • Accommodation Charges
  • Daily Care Fees
  • Retention Amounts
  • Income Tested Fees

We can show you what charges will be applied by the preferred facility and explain the impact on income - you will see in black and white how much it will cost. We can assist with the negotiation of a placement. We can show you how to utilize strategies that can decrease fees and increase pension entitlements. We can provide a comparison of a number of scenario's to enable you to determine the best outcome for your loved one.

A brighter future.®

Planning for your financial future should be a positive experience and that's where we can assist. We can help you work through your financial goals and objectives to identify your options and provide you with tailored solutions.

By taking control, you increase the likelihood that you will achieve your financial goals.

The information within is general advice only, prepared without taking into account any of your individual objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. You should obtain a Product Disclosure Statement relating to products mentioned before making any decisions. For Australian residents only.

Graham Jenkin and Megan McGrath Authorised Representatives of Financial Services Partners Pty Ltd (ABN 15 089 513 587 AFSL 237590)
Nilmar Pty Ltd (ACN 122 436 891) as trustee for Generations Unit Trust (ABN 16 990 501 129) trading as Generations Personal & Professional Advice is a Corporate Authorised Representative of Financial Services Partners Pty Ltd (ABN 15 089 512 587 AFSL 237590).