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Wealth Accumulation |
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From your younger years of trying to save for your first car, a backpacking holiday or a deposit of some form, through to eliminating the home mortgage and providing for your retirement, things can seem daunting in this fast moving and complex world. Coping with all these responsibilities can become difficult however by following some simple and yet important “Tips and Traps” you should be able to put in place a long to short term wealth accumulation program. You could be surprised at what you can achieve with simple and consistent strategies. We can help you understand the concepts of wealth accumulation through appropriate and diversified financial strategies whilst considering your current situation and objectives. These include: - Personal debt management
- The benefits of setting up a regular savings program
- Gearing/borrowing techniques to accelerate wealth and manage income
- The importance of managing super and other wealth accumulation strategies
- Risk insurance – family protection and mortgage protection
- An explanation of different savings and investment options
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Personal Advice |
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Financial advice helps you make decisions about your money. Personal advice considers your own objectives, financial situation or needs, and then recommends strategies and products that suit your attitude to risk. Good advice can help you save money and become more financially secure. At Anderson Planners we will help you manage the trade-off between satisfying your current needs and ensuring that your long-term financial goals are met and reviewed regularly. We will provide you with confidence that, no matter what life throws at you, your financial future is secure. |
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Super/Pension |
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Super Super is one of the most tax-effective ways of saving for your retirement.
The question is – how will you make sure you have enough?
Australia's population is ageing rapidly. We’re also living longer. Life expectancies for both men and women have increased, and this means that we now need to plan for at least 20 years in retirement.
The problem is, there’s a significant difference between what we expect from our retirement and what most of us will actually be able to afford.
For most people the Superannuation Guarantee (9% of your salary) will probably not be enough to support you comfortably in your retirement. If this sounds like you, it’s not too late to start planning for a secure financial future.
Pensions You’ve reached retirement and you’ve accumulated a healthy balance in your super account and now you’re looking forward to those retirement years you’ve been dreaming about. But what happens now? How do you ensure you get the most out of your super?
One option is to purchase an allocated pension (sometimes referred to as a super income stream) with your super, to provide you with a regular and tax-effective income stream during your retirement?
An allocated pension is a super account that will provide you with a regular income stream from your super savings. The income stream will generally be available to you once you’ve retired from work. In some circumstances, you may be able to access it pre-retirement. |
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Debt Consolidation |
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If you have debts from a number of sources, there are ways you can reduce or better manage them. We can recommend the best options for you, but here are just some of the strategies you might use to manage debt. Budget
Take time to complete a budget planner. It will help you get an idea of where you’re spending money, where you can potentially cut back on spending and how much is left over after you’ve paid all your regular bills and living expenses. Reduce your mortgage
Any extra payments you make on your home loan (especially in the early stages) will reduce the interest you pay. Using spare money to make extra payments can have a big impact in the long run, potentially reducing your mortgage term by years. Combine your debts
You could take out a personal loan or consolidate everything with your home loan to repay your debts. This can make life simpler as you only have a single payment to make each month. Plus, if the loan has a lower interest rate than your other debts, you save money. |
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Margin Lending |
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Margin Lending is a smart way to multiply our investment power. By borrowing to invest, margin lending allows you to invest in more shares, managed funds, master trust and wraps than you could using just your own funds. With a greater amount invested, it follows that you have the potential for greater returns. Of course, this also magnifised the potential for lossess if investments perform poorly, so it's not a strategy for every investor. Just like investing in property, where the loan is secured against the property, your margin loan is secured against your shares, managed funds, master trust and wraps. |
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Estate Planning |
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Estate planning is about more than just preparing a valid Will. It's about making sure your family is provided for and that your assets go where you want them to after you die. A good estate plan will: - ensure the ownership and control of your assets passes to your intended beneficiaries in the right proportions;
- minimise tax payable on the income and capital gains earned on those assets; and
- protect assets if a beneficiary is involved in any legal difficulties (for example, bankruptcy or divorce).
Essentially, a good estate plan can provide you with peace of mind and help avoid potential complications for your beneficiaries. You should review your estate planning needs on a regular basis and particularly when an important event occurs such as: - getting married;
- getting divorced;
- the birth of a child;
- the death of a relative you have provided for;
- starting work;
- changing jobs; and
- retiring.
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Personal Insurance |
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A sound financial plan will help you create wealth and preserve it. We can help you structure your financial plan in case something happens which hinders your ability to earn an income. How far do you think it would set you and your loved ones back?
Your ability to earn an income is by far your most valuable asset. It's what makes your lifestyle possible.
There are certain risks in life that we can't avoid. That's why you insure your car, your house and its contents. You know that if something happened to your home or car, you could be out of pocket by thousands of dollars. Depending on your age, the cost of not having family protection wouldn't be measured in thousands of dollars - it's more likely to be in the millions. Consider family protection as part of your overall financial plan:
- Life Protection - pays a lump sum if you die or are diagnosed with a terminal illness;
- Total and Permanent Disablement Protection - TPD Protection pays a lump sum if you become totally and permanently disabled due to sickness or injury;
- Salary Continuance / Income Protection - replaces up to 75% of your monthly income if you become disabled through sickness or injury and are unable to work;
- Trauma Protection - pays a lump sum if you die, or are diagnosed with a terminal illness or on the first occurrence of suffering one of the specified medical conditions; and
- Business Expense Protection - reimburses you for the cost of keeping your business running while you're unable to work.
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Our Services
