It’s a blockbuster change to superannuation that kicks off on 1 July 2022 and creates a range of opportunities!

As an example, for many retirees the amount of tax that is paid out of their superannuation when they die has not been properly considered.  For large superannuation balances it can be an enormous tax.

If you do not know how much of your superannuation will be taxable in the event of your death, you may need to do some research? 

The removal of the work test for non concessional contributions for those under age 75 might create an opportunity and could allow some retirees a second chance to completely eradicate the superannuation tax problem for their estate.

For large superannuation accounts it may not be a quick fix and might require some strategic financial planning and advice.  If it is an issue that does not affect you because of your careful planning, it might affect someone you know?

Hot TIP #1: A recontribution strategy and some ongoing strategic advice might be something that you or someone you know needs to seriously consider to ensure the tax office does not take a big bite out of your superannuation pie.

Hot TIP #2: Your children might thank you for thinking of them?

Hot TIP #3: Never make decisions without advice.

http://www.financialadviceshop.com.au

#superannuationadvice #estateplanning #recontributionstrategy #retirementgoals #retirementincome #retirementplans #retirementincomeplanning #financialadvice #retirementadvice #investmentadvice #financialplanning #retirementplanning #financialplanner #financialadviser #superannuation #superannuationstrategy #money #financialadviceshop #investmentrisk #retirement #retirementsavings #retirementplans #retirementreadiness #psychologyofmoney #indexinvesting #independentfinancialadvice #independentadvice #financialadviceshop #money

Here are some simple tips that might help guide you with your superannuation after the age of 50.

In the current share market uncertainty, it might be more important than ever to get directions so you know where you are going and what might lay ahead.

Here are 5 tips to consider:

TIP #1: Never underestimate the value of financial advice and in periods of uncertainty, financial advice might be able to turn the situation into an opportunity.

TIP #2: Always understand the risks you are taking with your investments and never be cavalier.

TIP #3: Visit ASIC’s website https://moneysmart.gov.au/retirement-income to model and understand your possible financial future, and never take risks that you don’t need to or don’t understand.

TIP #4: Beware of marketing and sales propaganda, and remember that if it sounds too good to be true, it probably is.

TIP #5: It is difficult to know what you don’t know so in good times and in bad, a little wisdom from a licenced expert might make all the difference.

www.financialadviceshop.com.au

#superannuationadvice #retirementgoals #retirementincome #retirementincomeplanning #financialadvice #retirementadvice #investmentadvice #financialplanning #retirementplanning #financialplanner #financialadviser #superannuation #superannuationstrategy #money #financialadviceshop #investmentrisk #retirement #retirementsavings #retirementplans #retirementreadiness #psychologyofmoney #indexinvesting

Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.

It’s an important rule of thumb that every investor should be thinking about when considering an investment or making an investment decision.


“If you are not prepared to own it for 10 years, you shouldn’t own it for 10 minutes.”
 
There is a very fine line between investing and gambling. In times of volatility, the gamblers are often the ones who run for the exit to cut their losses.
 
Investors on the other hand will likely have thought about what they will do in times of investment volatility and uncertainty, and will have a plan of action.
 
www.financialadviceshop.com.au
 
HOT TIP #1: During times of investment volatility and uncertainty, wealth often transfers from weak hands to strong hands. 
 
HOT TIP #2: Financial advice might be able to help you turn panic and uncertainty into an opportunity.
 
#investmentvolatility #investmentuncertainty #superannuationadvice #retirementgoals #retirementincome #retirementincomeplanning #financialadvice #retirementadvice #investmentadvice #financialadvicecanberra #retirementadvicecanberra #financialplanningcanberra #retirementplanningcanberra #financialplannercanberra #financialadvisercanberra #superannuation #superannuationstrategy #financialadviceshop
 
Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.

With the end of the financial year fast approaching, has your financial adviser been in touch to make sure you make the most of your superannuation contribution opportunities?

Unfortunately it can be the things that you don’t do that significantly undermine your financial future. Don’t let this happen to you and take a moment to reflect on what you need to do!

The superannuation rules can be complex and the need for financial advice has never been greater, so make sure you don’t squander any opportunities that may be available to you.

www.financialadviceshop.com.au


HOT TIP: There is a financial adviser out there who is perfect for you and you just need to invest some of your time to find them. A referral from a friend, family member or trusted business professional is a great place to start.

#superannuationadvice #retirementgoals #retirementincome #retirementincomeplanning #financialadvice #retirementadvice #investmentadvice #financialadvicecanberra #retirementadvicecanberra #financialplanningcanberra #retirementplanningcanberra #financialplannercanberra #financialadvisercanberra
#superannuation #superannuationstrategy #financialadviceshop

Is $1,000,000 In Superannuation A Realistic Expectation For The Average Australian?

While $1,000,000 may initially seem an extravagant goal, it is a goal worth seriously thinking about as part of your 2021 New Year’s resolution.

ASIC has a calculator to help you work out what might be possible for your superannuation and retirement if you commit to making voluntary contributions.

https://moneysmart.gov.au/how-super-works/superannuation-calculator

HOT TIP:  If you have or are aiming to have $1,000,000 in your superannuation when you retire and want to explore financial advice and low cost superannuation options, we are an organisation you should talk to!

http://www.financialadviceshop.com.au

#investmentrisk #superannuationrisk #financialadvice #superannuationadvice #retirement #retirementgoal #superannuationgoal #retirementadvice #financialplanning #retirementplanning #superannuation #financialadviser #moneymanagement #moneygoals

Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.

To Speculate Or Not To Speculate: That Is The Question?

There is a lot of uncertainty in the world at the moment and many people are wondering: what should I be doing with my retirement savings?  Thankfully this is not a question that clients of The Financial Advice Shop are asking their adviser.

Why not you may ask?  Well the answer is very simple.  Because every client has a plan that we have been talking about for the last couple of years and its business as usual as we execute it.

HOT TIP: If you are worried, you need an adviser!

www.financialadviceshop.com.au

Stay Calm | Stay Informed | Stay Safe | Stay Connected

#financialadvice #retirementplanning #superannuation #financialadvicecanberra #retirementplanning #financialplanning #financialplanner #superannuationadvice #financialadviser #investmentadvice

Are Expectations For A Successful COVID-19 Vaccine Creating A Share Market Bubble?

There is an enormous amount of money and research effort being applied globally to a long list of promising COVID-19 vaccine candidates. There is also a lot of hope a few of those vaccine candidates will be successful.

Additionally there is a very large logistical challenge for Government’s to gain access to and vaccinate people in large numbers if any of the current COVID-19 vaccine candidates are approved for use.

Perhaps it will all have a fairy tale ending. Perhaps it will not?

https://www.health.gov.au/resources/publications/australias-covid-19-vaccine-and-treatment-strategy

www.financialadviceshop.com.au

HOT TIP:  Nobody knows with any certainty what the future holds so when making investment and retirement decisions, make sure you understand the risks you are taking and accept the outcomes you may experience.  If in doubt, seek advice and form a relationship with an experienced financial advice professional as soon as practical.

Stay Connected | Stay Informed | Stay Safe

 #investmentrisk #superannuationrisk #financialadvice #superannuationadvice #retirement #retirementadvice #financialplanning #retirementplanning #superannuation #financialadviser #financialadviceshop #covid19vaccine #covid19

Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.

Planning To Retire In The Next Five Years And Not Sure What Your Future Holds?

Perhaps you know someone who is worrying about their future and needs some reassurance?

Fortunately The Financial Advice Shop is currently looking to assist a limited number of new clients with their future financial advice needs.  If you know one of our many existing clients your assistance may be prioritised if we believe our services would add value to your situation, so make sure you ask your friends if they are clients of The Financial Advice Shop.

We know from experience that retirement is a huge transition in life and it is something that should definitely be planned for.  If you are looking for a trusted partner to assist you to improve your financial situation in preparation for retirement, we are the experts you should be talking to.

HOT TIP:  It is difficult to know what you don’t know and the decisions and actions you make today could take a significant difference to your financial future.  Contact The Financial Advice Shop to see what’s possible!

http://www.financialadviceshop.com.au

Stay Connected | Stay Informed | Stay Safe

 #retirementplanning #investmentrisk #superannuationrisk #financialadvice #superannuationadvice #sharemarketpanic #retirementadvice #financialplanning #superannuation #financialadviser

Disclaimer:  Fees and charges apply.  Due to increased regulation and rising costs, minimum investment thresholds apply and ad-hoc appointments are not available.

If You Know Someone Who Doesn’t Pay Off Their Credit Card In Full Each Month, The Following Might Be The Trigger To Shock Them Into Action!

Imagine an average person being told they can save $251,391,585.58 on a $5,800 balance if they pay off their credit card on time rather than making minimum monthly payments. When we saw this figure we were shocked!

Everyone will have heard of the benefits of compound interest and how powerful it is. This example shows how powerful compound interest it is for a bank and how disadvantageous it can be for an individual who owes money.

The banks put a lot of important information on their credit card statements but does anyone read the information? They should!

What would you do with an extra $251m? Buy a Van Gogh?

HOT TIP: High interest debt is bad!

www.financialadviceshop.com.au

Stay Connected | Stay Informed | Stay Safe

 #creditcarddebt #creditcardinterest #baddebt #compoundinterest #financialadvice