With the increasing concern of the novel coronavirus (COVID-19) globally, many individuals are being directly impacted both physically and financially. During these circumstances, it is understandable to be unsure of what the future holds. During these unprecedented times, it is important to be ‘alert but not alarmed’.
Investments, retirement, superannuation, and cash flow. These are the financial issues that keep Australians awake at night. Here we, as Financial Advisers, can assist you in these areas.
According to the recent ASIC report, the topics Australians want financial advice on:
- Investments (e.g. shares and managed funds) 45%
- retirement income planning 37%
- growing superannuation 31%
- budgeting or cash flow management 22%
- aged care planning 18%
Accidents happen every day, so it pays to be protected. With so many different cover options, many people question what’s right for them and their families. When it comes to covering your income if you can no longer work, what’s better? Income protection, workers’ compensation, or both?
Indexation is a complex-sounding term that is used to describe a relatively simple concept in the world of insurance. Here we’ll break down exactly how it can benefit you.
In a nutshell, indexation refers to a benefit payment that increases in proportion to the cost of living.
If the cost of living increases by 5% in a given year, an indexed insurance benefit will also increase by 5% so that you, or the listed beneficiary, – don’t lose out on purchasing power when the cost of living increases. Inflation Protection automatically increases your Life Insurance cover amount by 5% every year, or by the Consumer Price Index -whichever is greater.
Spring is in the air, and we all know what that means – more property is coming onto the market. But for many young Australian’s the question remains, ‘am I ready to purchase my first home?’
Being financially smart and independent is one of the most important lessons we can teach our kids. Many young Australians are considering taking the leap into home ownership, but is it the right time? There are some things you can do to help your children figure things out.
Are you finding that feeling burnout is now becoming part of your work schedule? If both your first and last task of the day is to check your emails, you’re not alone. Contemporary work culture, spurred on by advances in technology, has meant that we are expected to always be “on”. Gone are the days of the 9-5. Many of us work at all hours, possibly even holding down side gigs, and that’s before we take into account the labour we perform in other areas of our lives with emails on our phones, clients having your personal number and going above and beyond at the cost of your own health.