Families

Choose your destination

If you have ever planned a long trip, you will appreciate the importance of a good map.  Of course, the purpose of a map is to help you find your way to where you are going.  It isn’t much use if you don’t know your destination!

Like a map, your financial plan is designed to provide the best route to your targeted financial destination (your financial goals).

Your goals could include anything from paying off your mortgage to paying for your children’s education.  Importantly, these goals should be specific and have a time frame for when you’d like to achieve them.  Your goals should also be prioritised, so you can focus on what’s most important to you.

Imagine how you will feel when you achieve these goals! 

Your PWA financial planner will help you define your financial goals and put you on a path to achieving them.  For more information Enquire now.

Debt Management

Being in debt is not always a bad thing!  

Debt allows us to buy things that we would otherwise not be able to own and enjoy, like the family home.  What’s more, using debt the right way can be a great way to create wealth and reduce tax along the way.

The trick is to make sure you’ve got the right type of debt, and that this debt is working for you in ways that will help you achieve your financial goals and objectives.  This might include paying off debt that is not helping you ‘get ahead (for example, your credit cards): or it might even include borrowing to invest (and ensuring the interest is tax deductible)

For more information about debt management strategies, or to discuss your needs with your nearest Infocus financial planner Enquire Now.

Divide your super by how many years you would like to enjoy your comfortable retirement. Is it enough?

Focus On Superannuation

What could be more important than a comfortable retirement, enjoying the benefits of your hard-earned labour over the years?  Taking an active interest in your superannuation early is critical to ensuring you can achieve this goal. How much you need to enjoy a comfortable lifestyle in retirement will depend on factors such as your life expectancy, your accumulated assets and your expectations.  Chances are your employer contributions are not going to be enough and you may need to look at making additional contributions. The good news is that if you start early, even minimal personal contributions will make a significant difference to your retirement income.  Personal contributions to your superannuation can be made from your pre-tax salary (salary sacrifice) or from your post-tax salary.  Note different taxation rules apply to each method of contribution.  Depending on your financial situation, one may be better for you. Having the right superannuation strategy in place today is absolutely essential to a comfortable retirement.  Your PWA financial planner has significant expertise in superannuation strategies that will help you achieve your financial goals - Enquire Now.

Investing is an essential part of helping you create wealth.  Over the long term, investments can generate great rewards - and the earlier you start, the better.

Investing starts with ensuring you have surplus cash flow from your daily living expenses to invest.  It doesn’t need to be much, but if you focus on developing (and sticking to!) your household budget, you can soon find savings that can be invested to help build your future wealth.

This is a complex area and one that we strongly encourage you to ensure you get the right advice. 

Infocus is majority owned by its management team.  We are not aligned to any of the Big 4 Banks.  When you talk to your PWA financial planner, you can be sure they will be recommending investments that suit your financial needs and objectives – not those of the Big Banks.

For more information about investing, or to discuss your investment needs Enquire Now..

Life is full of surprises -– both good and bad.  Insurance provides you with the ability to transfer the financial impact of some of the more drastic surprises that can happen.  Insurance will never compensate for the loss of a loved one, or replace their role in the family, but it can help reduce the financial burden by providing the capital to ensure you and your family have choices.

Answer the following simple questions.

Do you have a mortgage? Do you have any personal loans? Do you have any credit card debt? Do you have dependants? Would your financial position be affected if you were to suffer from an illness or injury (remember you would need to have enough capital to fund medical expenses and the ability to take time off work to recover)? Do you want to have enough capital to look after your dependants if you were unable to care for them for an extended period of time or perhaps indefinitely?

If you answered yes to any of these questions, talk to your PWA financial advisor about a custom-made Family Protection Plan by Enquiring Now. Easy!