Boosting Women’s Superannuation Is Extremely Easy But It May Require Some Pillow Talk!!

It is a well known fact that women often accumulate less superannuation than men over their working life due to many reasons including lower salaries and working less hours due to family commitments.

Any future initiatives by Government to boost women’s superannuation will be applauded but there are a few simple things that couples can already do every year to boost the superannuation balance of their spouse.

Salary sacrifice to superannuation is a very powerful tool that can be used to boost superannuation and a couple can determine who is best placed to initially implement this strategy.  A change in Legislation last year introduced an opportunity for anyone who is eligible to contribute to superannuation to consider a deductible super contribution.  This might initially benefit the higher income earner in the relationship but wait: there’s more!

After making salary sacrifice or deductible superannuation contributions, Superannuation Legislation allows members to consider splitting concessional superannuation contributions with their spouse in the following financial year.  There are a few conditions and the maximum that can be split is 85% of the previous year’s concessional superannuation contributions up to the cap.

Concessional superannuation contributions are superannuation guarantee, salary sacrifice and deductible contributions.

If you or your spouse are concerned about your superannuation balance, have a think about whether it makes sense to contribute and split concessional superannuation contributions each year to boost and equalise superannuation balances.  Additionally, for low income earners, look into and consider other contribution options such as spouse contributions, and personal non contributions to potentially qualify for the Government co-contribution to boost your superannuation balance further.

In summary, if you are looking at your superannuation contribution options, think holistically and make sure you consider if there are ways for you to tax effectively increase your current contributions and don’t forget to see if you can reduce your superannuation fees.

Unfortunately, superannuation is far more complicated that it needs to be so you will need to consider if you need advice.  This is a really big decision so give it plenty of thought before you choose a financial adviser.

What should you do next?  As its your super for your retirement, a good place to start is for you to get involved and take an interest.

www.financialadviceshop.com.au

#womenssuper #womenssuperannuation #financialadvicecanberra #financialadvisercanberra #financialplannercanberra #financialadvicedickson #financialadviserdickson #financialplannerdickson

Disclaimer: Do not trust what you read on the web.  Always seek professional advice before making investment decisions.

 

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In Good Times And In Bad, A Little Wisdom From The Experts Might Make All The Difference!

When it comes to investing, there are a number of basic principles that can potentially assist in making the experience a more successful one.

At The Financial Advice Shop we believe that “wisdom” is potentially a very important factor in successful long term investing and so do the experts.  To learn more, take the time to read the following article:

http://davisadvisors.com/davissma/downloads/WGI.pdf

ABOUT THE FINANCIAL ADVICE SHOP:  We are a leading, independent and experienced provider of strategic financial planning solutions for the over 50’s with a specific focus on strategy and cost effective long term investment solutions.

www.financialadviceshop.com.au

#independentfinancialadvice #financialadvicecanberra #financialplannercanberra #financialadvisercanberra #independentfinancialadvicecanberra

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. 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.

With The Banking Royal Commission In Full Swing, Isn’t It Time For You To Get A Second Opinion From Someone You Can Trust?

The issues being current raised in the Royal Commission come as no surprise to many who are in the know but are kept silent in perpetuity through legal documents containing things like confidentiality clauses.  In the end I felt obligated to start my own Financial Advice business and ultimately decided to make the necessary business changes to be able to call myself an independent financial adviser.

 

The problem for most people is that they don’t have a point of reference.  People instinctively want to trust others but sadly this is not a sound strategy as it turns your financial future into a lottery: you might get lucky and find a great financial adviser or you might not.

 

A far sounder strategy is to seek a second or third opinion and from that process work out the questions you really need to ask and have answered.

 

If the Royal Commission hasn’t motivated you to take action and get a second opinion or third opinion then I’m not sure what will.  If you don’t take an interest in your own affairs, rest assured no one else will either.

 

They say that the definition of insanity is doing the same thing over and over and expecting different results.  If this sounds like you then its probably time for you to stop doing what you have always done with your financial affairs and instead explore ways to do things proactively and very differently.

 

At The Financial Advice Shop there is something very important that differentiates us from our so called competitors: we don’t want to be known for being big, we want to be known for being awesome so our clients are never just a number.

 

HOT TIP:  The need for honest and practical financial advice has never been greater, so if you are over 50 and have significant wealth, contact The Financial Advice Shop without delay to see if we can assist with a cost effective Financial Advice Health Check to ensure you better understand all of your future superannuation contribution and investment options.

 

ABOUT THE FINANCIAL ADVICE SHOP:  We are a leading, independent and experienced provider of strategic financial planning solutions for the over 50’s with a specific focus on cost effective investment options.

 

www.financialadviceshop.com.au

 

#independentfinancialadvice #royalcommission #financialadvicecanberra #financialplannercanberra #financialadvisercanberra #independentfinancialadvicecanberra

Many Argue That Investing In A Financial Index Is A Really Stupid Idea?

At The Financial Advice Shop we have carefully considered the reasons for and against investing in a Financial Index and have formed very strong views on many of the relevant issues. Some of our conclusions will surprise you.

A Financial Index is defined as a stock index or stock market index that is a measurement of the value of a section of the stock market. A Financial Index is computed from the prices of a selected range of stocks.

If you are concerned about high fees, poor service, in-house products, conflicts of interest or any other financial planning issues, always get a second opinion from a third party expert before you make changes. If you have a gut feeling that something is wrong or that someone is doing a sales job on you, you are probably right.

While you are thinking about your superannuation investments, give some thought to your long term strategy, particularly since a range of 2016 Budget superannuation changes are now in play. Having an appropriate financial planning strategy is often far more important than simply thinking about your investments in isolation, so take the time to put the two together via a second opinion for the best chance of an optimal outcome.

With investment recommendations that have no hidden fees and commissions, The Financial Advice Shop is confident our financial advice packages represent excellent value for money. That is why we are able to regularly save many new clients thousands of dollars in ongoing fees every year!

HOT TIP: The need for honest, transparent and practical financial advice has never been greater, so contact The Financial Advice Shop without delay. To get things started, we offer a very cost effective Financial Advice Health Check to ensure you can access our experience to understand all of your fees and future superannuation investment strategy options.

www.financialadviceshop.com.au

#financialindex #financialindexcanberra #financialindexfees #financialadvicecanbera #financialadvice #retirementadvice #superannuationadvice #superannuation #superannuationfees

Dare To Dream!!!

Like having a personal trainer, accountability and structure can make the difference between a dream, and a dream that becomes reality.

It’s Financial Planning Week and the theme this year is “Dare to Dream”. Did you know that a massive 63% of Australians have made “no plans” or “very loose plans” to practically achieve their dreams! However a professional financial planner can put you on the right track to achieving your goals.

To start your journey to improve your financial situation, click on the link below to visit our website and download the latest research from the Financial Planning Association of Australia to better understand the Financial Advice requirements of everyday Australians.

When you are ready to take action, contact The Financial Advice Shop to see how a Certified Financial Planner® could help you turn your dreams into reality.

www.financialadviceshop.com.au

#daretodream #financialadvicecanberra #financialplanningweek

The May 2016 Budget Is Likely To Be A Shocker For Superannuation So Move Quickly To Get Your Affairs Sorted With Sound Financial Advice!

With the Government under significant pressure to reduce expenditure and raise revenue, it seems very unlikely that current Superannuation arrangements will escape the Budget unscathed.

Everyone hopes that any changes to existing arrangements may be spared through “Grandfathering” but there can be no certainty on this.

In the lead up to the May Budget, an opportunity may exist for example for some superannuation investors to consider commencing an income stream. This could be considered in the hope that any changes to the taxation of existing pension accounts would not be affected by new Legislation.

Another opportunity may also exist to consider maximising salary sacrifice contributions to superannuation this financial year just in case the contribution cap is significantly reduced for future financial years.

To be successful in the lead up to the May 2016 Budget it might be essential to promptly seek financial advice and make any recommended changes quickly, but never act without seeking sound financial advice first.

What should you do next? It’s really simple: if you are worried that any 2016 Budget changes could negatively affect your superannuation entitlements, contact us today to see how we can help you understand things more clearly.

www.financialadviceshop.com.au

#budgetchanges #budget2016 #superannuation #salarysacrifice #allocatedpension #financialadvicecanberra #financialadvisercanberra #financialplannercanberra #financialadvisorcanberra

How Confident Are You That 2016 Will Be A Good Year For You And Your Investments?

To read AMP’s outlook for 2016, click on the following link:

http://www.ampcapital.com.au/news/olivers-insights

www.financialadviceshop.com.au

#financialadvicecanberra #financialadvisercanberra #financialplannercanberra #financialadvicedickson #financialadviserdickson #financialplannerdickson