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

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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.

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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

 

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The May 2016 Federal Budget Will End Superannuation As We Know It

On 3 May 2016 the Australian Treasurer, Scott Morrison, handed down his first Budget and changes to superannuation were a core theme.

While there is plenty of focus on things that are perceived as negative changes, let’s not forget there are also some important changes that are potentially quite good news.

It is important to note that the Budget measures will not become Law unless Legislation to support the measures is passed in Parliament. Until that time, the Budget measures are simply a proposal.

A detailed summary of the 2016 Federal Budget has been prepared by The Financial Planning Association of Australia and is available via the following link:

2016 Federal Budget Summary

HOT TIP: In relation to superannuation reforms, most of the 2016 Federal Budget measures are planned for a 1 July 2017 commencement so there is plenty of time to plan.

www.financialadviceshop.com.au

#superannuation #May2016federalbudget #superannuationadvice #retirement #womenssuper #retirementplanning #financialadvice #retirementadvice #earlyretirement

Superannuation Is Irresistible If You Combine Makeup, Features and Confidence!!

Superannuation for most people is an investment that is not really of interest to them until they are approaching retirement. Unfortunately, by then it is far too late!

The reasons for a lack of interest in superannuation are varied. It can be seen to be dull and boring, the Government keeps fiddling with the rules, it’s an investment that you cannot accessed as a lump sum until they reach preservation age and retire, and for some it is even seen as an extremely risky investment.  With this lack of interest comes a lack of focus to maximise final retirement benefits.

To be a successful investor you should take the time to study your superannuation fund choices, consider your contribution options, examine how to strip out excessive fees and commissions, and then make sure you invest cost effectively and confidently to achieve competitive long term returns with a level of risk you are comfortable with. Then, as you watch your investments grow over many years, it can be a beautiful thing so see it steadily become an important and significant retirement asset.

As current and future Australian Governments grapple with the issue of providing Commonwealth support in retirement, there is little doubt that future retirees will receive less in Age Pension entitlements than current retirees. The reason for this is simple: as the Australian population ages there is a shrinking percentage of working people who are paying taxes to support the retired population.

When it comes to superannuation, many women are at a significant disadvantage. Women often put family before career, have breaks in employment and are not always employed in roles that reflect their true capabilities.  Over a working life, the negative effects of a fragmented working career on superannuation balances for women can be very significant.

There are two clear options for everyone with superannuation: do something or do nothing. Anyone who chooses to do nothing is foolish and should brace themselves for the ultimate consequences of a poor standard of living in retirement.

For those who have the energy and motivation to do something positive and would like to be successful, it is time to take action! You have many choices at your fingertips and with careful research, sound financial advice and an appropriate action plan including regular additional superannuation contributions, you have a real chance of being successful.  Importantly, the sooner you start planning, the more likely you will be successful with your retirement planning.

What should you do next? It’s really simple: if you are serious about planning for a secure financial future, we are serious about assisting you to be successful so contact us today to see how we can help you understand things more clearly.

www.financialadviceshop.com.au

#superannuation #superannuationadvice #retirement #womenssuper #retirementplanning #financialadvice #retirementadvice #financialplanner #financialadviser #financialadvisor #irresistible #makeup #confidence #investing

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

Financial Advice, Mortgage Advice, Or Insurance Advice From A Business That Also Has A Financial Interest In The Recommended Product Won’t Guarantee You The Best Deal?

We know from experience that it might be very convenient to receive a number of services from one organisation and to also use their products, but the reality is you may do much better by shopping around.

The great thing about strategic financial advice and fee savings is that you could have a greater chance of having more money to spend in retirement.

Many people procrastinate when making important financial decisions or make poor financial decisions on their own in situations where an experienced financial adviser could make a real difference. Don’t let this happen to you.

Hot Tip: Always shop around and test the market from time to time with a few service and product providers to make sure you are genuinely getting a great deal.

A conversation with someone like The Financial Advice Shop could save you tens of thousands of dollars in fees over your lifetime, and also give you a strategic framework for making future financial decisions with an experienced financial adviser!

www.financialadviceshop.com.au

#financialplannercanberra #financialadvisercanberra #financialadvicecanberra #financialplannercentralcoast #financialadvisercentralcoast #financialadvicecentralcoast

The ASIC Financial Advisers Register Is Finally Up And Running!

It has been a very long time coming, but you can now check and compare financial adviser history, experience and authorisations on a single website.

The ASIC Financial Advisers Register is intended to be unbiased and allows you to compare financial advisers on a purely factual basis.  Importantly the Financial Advisers Register discloses any past disciplinary actions that have been taken against the financial adviser.

Click on the following link to check out the information that is now available on the ASIC Financial Advisers Register.

https://www.moneysmart.gov.au/investing/financial-advice/financial-advisers-register

www.financialadviceshop.com.au

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