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who needs financial advice?
Financial advisers are often the first port of call for people seeking advice on investing a lump sum of money. But that is just the tip of the iceberg. A professional financial adviser has the knowledge and skills to help you achieve your goals and objectives by tailoring strategies to specifically address your needs.
No matter what your life stage everyone can benefit from financial advice.
- Starting out
- Life change
- Running a Self Managed Super Fund (SMSF)
- In or near retirement
- Facing aged care decisions
You’re likely to be facing high levels of debt, varying cash flow needs and have a high disposable income.
An adviser will help you to get control with:
- cash flow management strategies
- debt reduction strategies
- wealth creation strategies.
Most life changes like marriage, divorce, children, redundancy or a career change impact on your financial position. You could experience varying levels of income, tax considerations and be worried about your future.
Once your financial adviser understands your overall position they will advise you on:
- wealth creation strategies
- investment strategies
- financial protection strategies.
Running a self managed super fund (SMSF)
Managing a SMSF can be a risky business and keeping up with all the rules can be difficult and time consuming.
Cash flow, tax management, Self Managed Super are top of mind.
To reduce the risk most trustees seek financial advice on how to:
- structure their investments soundly
- structure tax obligations
- stay on top of changing markets.
In or near retirement
You’re likely to be worrying about your retirement and super savings.
- How much money will I need?
- Do I have enough?
- Will my money last?
- Have I made the right choices?
A financial adviser will help you:
- work out how much you’ll need now and in the future
- understand your cash flow needs
- structure your investments
- put in place superannuation strategies.
Facing aged care decisions
Placing a loved one in aged care can be a confusing and emotional process for all involved. Concern over accommodation bonds, funding ongoing aged care needs is a real worry.
An ipac financial care adviser can help by:
- outlining your options
- exploring ways of funding accommodation bonds
- structuring finances so that you maximise government entitlements and minimise costs.
Our financial advice aims to help you make the right choices for all your important financial decisions throughout life – so you can achieve your chosen lifestyle.
Sounds simple enough but making the right choices is difficult because the rules are always changing. So are your needs and priorities. So are your investments. And so are the options open to you.
That’s why it is important to have a guide for your journey.
A financial adviser can help you clarify what elements of your lifestyle are most important to you, decide on specific financial goals, and help you formulate a plan to achieve them. With this in place, you’ll be well on the road to long-term financial wealth and wellbeing.
Meeting with a financial adviser
Everyone has different advice needs. It is for this reason, your financial adviser needs to fully understand your needs, your goals and your personal attitudes to money in order to give you appropriate financial advice.
It helps to be prepared before you see your adviser, as you will get more out of your discussions when you do. Gather information about your income, expenses, assets and debts – anything you think may be relevant.