Humans are brilliant at making resolutions… and then letting them slide. New Year’s Eve is notorious for this, but so are new financial years. It always begins with hope, but the commitments we make to getting on top of our financers never seem to go the distance.
A financial adviser can turn this around.
We bring the accountability and the knowledge that will keep you on track. We can help you craft a financial plan that is realistic, achievable and beneficial. As we always say, you don’t what you don’t know; the financial world is complex. Whether you’re transitioning to retirement, looking to salary sacrifice or simply trying to hit a savings goal, we can show you how in a way that’s suited to your lifestyle.
Let us be your guide through the complex world of finance, and help you hit your FY goals.
5 Reasons why you should have a financial adviser
1. A transition to retirement strategy
This significant life milestone brings about a multitude of financial considerations, and a financial adviser can provide invaluable guidance during this period of change. From reviewing your superannuation accounts and maximizing contributions to exploring retirement income streams, such as account-based pensions or annuities, we can help you navigate the complexities of retirement planning.
We can assist in creating a comprehensive retirement strategy tailored to your specific needs and goals, ensuring that you have a clear roadmap for a financially secure and fulfilling retirement. With our expertise, you can make informed decisions about your retirement assets, manage taxation implications and confidently embrace this exciting new phase of your life.
2. The benefits of salary sacrificing
Financial advisers are invaluable when it comes to understanding the benefits of salary sacrificing. We offer personalised guidance based on your unique financial situation. By assessing your income, expenses and goals, we can help you determine the optimal salary sacrifice arrangement for you.
We can explain the tax advantages, such as reducing taxable income and potentially lowering your overall tax liability, and help you navigate complex rules and regulations, ensuring compliance with contribution limits and legal requirements.
Whether it’s boosting retirement savings, funding education expenses or acquiring other valuable benefits while maximising take-home pay, the benefits of salary sacrificing can’t be understated.
3. The right investment strategies
This is a classic example of ‘you don’t know what you don’t know’. Which investment path is right for you? What risk can your finances tolerate? What risk can you tolerate? There is no way of knowing this if you don’t live and breathe finances – like we do.
We’ll assess your financial situation and talk to you about your goals to figure out the best investment strategies for you. We can give you the knowledge and confidence to get the most of your money, and get it working for you.
4. Estate planning
Families are as complex as the financial world. Estate planning is crucial for safeguarding your assets and ensuring they are distributed in accordance with your wishes. We offer valuable expertise in navigating the intricacies of estate planning, such as wills, trusts and powers of attorney. We provide guidance on structuring your affairs in a way that aligns with your intentions and minimises potential legal complications.
By working with a financial adviser, you gain a deeper understanding of the estate planning process and can make informed decisions to protect your wealth and ensure a smooth transfer of assets to your chosen beneficiaries.
5. Financial literacy
This is really what we’ve been talking about all along. Financial literacy is simply not valued highly enough in our culture. It’s incredibly complex, and not enough people are engaging the experts and gaining knowledge and confidence.
Don’t let your money simply sit there. Don’t invest in things you don’t truly understand. Gain the knowledge and confidence to make the resolutions and see them through to fruition. We aren’t here to simply help you make the most out of your income streams; we’re here to help you get the most out of life.
Get in touch with the team at Pride Advice
Make this financial year different. Make it about real change and real success around your money management. We can show you how, so get in touch today.