The importance of a Comprehensive Estate Plan

We may not like to think about it but when it comes to our death, it pays to plan ahead. The emotional impact your death can have on your family and friends is tough enough let alone the addition of financial stress due to ill-planning or no planning at all. There are many considerations to ensure your family has adequate protection and your estate is properly distributed and managed. Estate planning can often be a complex area to address, so consultation with your professional advisers can help ensure you have the right arrangements in place. We explore below some areas you may need to discuss when you seek professional advice. Will – When most people think about Estate Planning arrangements, they just think about their Will. When you prepare a Will, carefully think about your wishes and how you’d like to structure the distribution of your assets to your preferred beneficiaries. Structuring […]

Super Focused on Australian Superannuation: Your Annual Super Statement

Australian superannuation

As a superannuation fund member, you’ll be receiving your annual statement yearly from your super fund either electronically or through the mail. Your statement is often a good touch point on how you’re progressing with your retirement nest egg. Regardless of your current stage of life, it’s important to review your statement, as superannuation plays a vital role in supporting you in retirement.

Diversification Fundamentals in Portfolio Construction

Diversification, or spreading your risk, is a key risk management strategy used when constructing a portfolio whether inside or outside of superannuation. It’s the strategy commonly referred to as “not putting all your eggs in one basket”. The premise behind diversification is that no one asset or type of asset provides the best performance over all time periods – they tend to rise and fall at different times depending on economic, political and market factors.

The Importance of Life Insurance And Why You Should Keep It Up To Date

importance of life insurance

Your personal insurance is an important part of your financial plan as it provides peace of mind and financial protection to you and your family in the event of death. Often Total and Permanent Disablement cover is also ‘bundled’ with Life insurance, this covers the scenario where you are unable to work due to total and permanent disablement, injury or illness. But the importance of life insurance and of periodically reviewing it is centered on the fact that life happens.

Income Protection And Total Permanent Disability Insurance For Home Duties


The real value of a stay at home parent Many people overlook insurance coverage for a stay-at-home parent as we usually think that insurance is put in place to replace lost income. Even though full-time homemakers don’t earn an income, have you considered the cost to replace your contribution at home while your spouse continues to work? It’s important to review options like total permanent disability insurance and income protection.

Controlling Your Insurance Cost Into Your 50’s and Beyond…


An issue we frequently come across with our clients who are in their 50’s and beyond is the cost of their life insurance and associated covers (ie, income protection, trauma and TPD) substantially increasing each year (at least 10 to 15% per annum). Most people’s default strategy is simply cancelling their policies when the insurance premiums become unaffordable. The statistics on this are: the median age of a claim is 47 years while the average age of cancellation of policies is 45 years old.

Income Protection Matters At Every Age


Are you looking towards a comfortable retirement in the not too distant future? If you are, you need to ensure your income is protected, so that in the event you fall seriously ill or experience an accident in the lead up to finishing work for the last time, you don’t have to dip into your retirement savings to cover your income shortfall while you recuperate. It’s easy to assume that the older you get, the less important income protection is. You might have paid off the house in full; you might even be working part-time and looking towards a time in the not too distant future when you’ll be stepping out of the workforce altogether.

Protect Those Who Matter to You with Family Financial Planning in Wagga Wagga


How would your family cope if you weren’t around or you were unable to provide for your family? It’s not something we like to think about, but with life comes risk. We need to take measures to protect those who matter most to you – your family. Many families insure their home and their car, but fail to insure their most important asset, their ability to produce an income, which is also their life. People fail to realise the value of their ‘working’ life. It supplies the capital that fuels the lifestyle that you and your family enjoy, not just now, but well into the future. Below are some options for family financial planning Wagga.

Changes To Australian Superannuation From 1 July 2017


In the 2016 Budget, significant changes to Australian superannuation legislation were announced by the Government. Treasurer Scott Morrison noted, “This represents the most significant change to protect the flexibility and ensure the sustainability of superannuation in more than a decade.” Read on to find out if you are affected by the changes that took effect on 1 July 2017, and know what you can do in response.