"to fail to plan, is to plan to fail"
If you answer “No” to any of the following questions, we can help you.
- Your ideal life - Are you on track to achieve your ideal life? Do you have a clear vision of your ideal life, a measurable plan and the motivation to achieve your dream?
- Cash flow – Do you understand your cash flows and how they will impact your short, medium and long term goals and objectives?
- Asset Ownership – Are your assets protected against legal predators and creditors? Are you paying the minimum tax on your income and capital gains?
- Finance – Do you have cost efficient and user friendly finance and transaction banking package? Do you understand the impact of interest rate changes on your goals and objectives and have an appropriate interest rate strategy (fixed v floating rates)?
- Insurance – Do you have the financial resources to enable you and / or your family to meet your goals and objectives, should you or your partner pass away or be unable to work for an extended period due to illness or injury?
- Estate Planning – Do you have a current will which ensures that your estate assets will be distributed according to your wishes and in a protected and tax effective manner? Have you legally nominated someone to manage your assets and or make personal decisions on your behalf in the event that you are unable to do so due to mental incapacity? Will your life insurance proceeds be distributed according to your wishes and in a tax effective manner? Have you instructed the trustee of your superannuation funds on how to distribute your superannuation death benefit in the last 3 years (binding nominations lapse every three years).
- Superannuation – Do you have a superannuation contribution and investment strategy to maximize the probability that your retirement assets will provide you with the lifestyle you desire in retirement. Do you manage and monitor this strategy regularly?
- Investments – Do you have a formal investment strategy which includes an analysis of your risk and return profile and investments which match this profile? Do you monitor investment markets and the performance of your investments and alternative investments on a regular basis.
- Tax – Do you plan to legally minimse your tax each year before 30 June?