YOUR FINANCIAL JOURNEY
Let us help you plan your freedom.
Young Independents
You are gaining financial independence and saving for the next best thing - either a car, an overseas adventure or for your first home. You have no dependents and your first priority is furthering your career to support your savings as well as a relatively expensive social and recreational lifestyle.
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Starting a financial plan to help you map out how to best manage these matters is a great start.
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Things to consider:
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Income Protection: Essential expenses (rent, bills, living costs), lifestyle and goals (savings, education, travel, independence), and debt repayment.​
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Wealth Building: Major purchases (home, car), travel and education, long-term financial security
Young Families
You are busy with young children and trying to secure the dream of owning your own home outright. Many young families are trying to accumulate wealth through house renovations and/or investments but your main priority is providing for your family. Your mortgage repayments can restrict your otherwise healthy incomes.
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Things to consider:
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Financial Stability: Budgeting, cash flow, debt reduction.
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Income Protection: Coverage for accidents/illness to maintain essential expenses (debt, bills, education, etc.).
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Family Security: Insurance (life, disability, trauma) against hardship.
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Wealth Building: Investments/savings for property, education, travel, and long-term growth.
Developing Professionals
Living independently, you rely on your income to give you the control and security you want. You are wealth accumulators, working towards saving for your future goals. You have disposable cash and you choose to spend it on personal needs, leisure and travel. Your health and appearance are important to you.
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Things to consider:
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Financial Stability: Budgeting, cash flow, debt management.
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Income Protection: Protection against illness/accident for essential expenses (debt, bills, savings, lifestyle).
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Family Security: Insurance (life, disability, trauma) for financial security.
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Wealth Building: Investments/savings for property, retirement, and long-term financial goals.
Business Succession
To ensure the ongoing success of your business you need to effectively plan for the future. What would happen to your business if you suddenly lost a partner, director or other key person due to disability, trauma, death or even retirement?
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By implementing an effective succession plan for your business, you can avoid some of the potential problems that can arise from the loss of key personnel. Problems, that in some cases, could lead to the failure of a business.
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Things to consider:
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Asset Protection:
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Cover debt (loans, mortgages) upon death/disability of key personnel.
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Determine debt amounts, ownership shares, and key person impact.
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Revenue Protection:
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Cover revenue loss from key person death/disability.
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Identify key revenue generators and calculate potential losses.
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Ownership Protection:
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Fund business succession upon owner death/disability.
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Assess buy/sell agreements and funding needs to maintain ownership.
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Mature Families
You are a family with teenage children. You are working towards owning your own home and accumulating investments. Your disposable cash is limited due to your children’s expenses, however you are experiencing more free time and enjoy spending money on cars and holidays. You are all too aware of maintaining good health.
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Things to consider:
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Financial Stability: Budgeting, cash flow, debt reduction.
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Income Protection: Coverage for accident/illness (debt, bills, education, retirement, etc.).
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Family Security: Life, disability, and trauma insurance.
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Wealth Building: Investments, retirement planning, and lifestyle goals.
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Estate Planning: Secure future asset distribution.
Pre-Retirees and Retirees
You may still be working and have paid off the majority of your mortgage. Accumulating wealth for your retirement through superannuation is your main priority. You also enjoy spending money on travel and other luxuries you couldn’t afford earlier. As well as this, you may provide a moderate level of financial support to your children. Your health and insurance is of great importance to you as, with age, the likelihood of illness increases.
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Things to consider:
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Financial Stability: Budget, cash flow, debt reduction.
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Income Protection: Protection against illness/accident (mortgage, living costs, retirement).
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Family Security: Life, disability, and trauma insurance.
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Wealth Building: Investments, retirement, lifestyle goals (travel, home, vehicles).
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Family & Legacy: Grandchildren's education, children's insurance, estate planning.
Aged Care Planning
Considering your aged care options or those of your parents as part of your plan for retirement? It may seem too early to think about a future you can’t imagine, but the reality is, and experience has shown, that it’s probably too late to consider aged care when the need for it has actually arrived.
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Key Considerations:
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Family Home: Retain, rent, or sell.
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Aged Care Entry: Funding your RAD/DAP (e.g. Bond) upon entry to an Aged Care home.
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Government Support: Accessing entitlements from government (e.g. Centrelink/DVA Pensions)
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Ongoing Costs: Aged care fees.
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Investments: Asset management.
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