Financial Planning

Financial advice is determining how an investor is going to meet their goals and objectives. It is about helping clients define their goals, gathering information and analysing data to make a plan, then implementing the plan and monitoring the results. It is also monitoring and updating goals and objectives as clients move through different phases of life.

'Failing to plan is planning to fail.' It's a cliché but when it comes to investing money, setting and then attaining long term financial objectives, then it makes a lot of sense to have a plan. Also, history shows time and again that the sooner you can start the better the outcomes.

Attaining long term objectives is better served by setting some short term goals. For example, such milestones might be set for 1-3 years, then 4-6 years and then 7+ years.

However, just having a plan isn’t enough. It needs to be regularly revisited and amended accordingly. Like the initial drafting of a plan the ongoing review process can be complex, increasingly so due to an increasing number of rule and regulation changes. We can help you manage this complexity and provide you with regular reviews.

Our primary aim is to help you attain your financial objectives.

Contact Hawthorn Financial Planning today to discuss how we can work together: (08) 8339 7973 or email us at admin@hawthornfp.com.au.

Retirement Planning

Retiring on your own terms is not always easy to achieve, however it is evident that those who plan for retirement are more likely to do so. Research also shows that obtaining professional help during the pre-retirement years further improves the probability of attaining your retirement objectives. The earlier you start implementing a plan the better the outcomes.

Retirement planning is about the lifestyle you will have after you stop work. Planning focuses on issues such as how much superannuation is enough, taking a super pension, making superannuation contributions while receiving a pension from a super fund, estate planning and looking after your family.

We can also assist with claiming the Aged Pension. Planning properly is becoming even more important now we are expected to live longer. This greater need means that professional help has never been more important as well. At Abacus Wealth we will provide the time and expertise needed to help you implement the best financial strategy possible.

When considering Retirement Planning your first consultation with us is complementary. After determining your needs and objectives with you, we will be able to provide you with a highly competitive and fixed fee quote for our personalised Retirement Planning advice.

Contact Hawthorn Financial Planning today to discuss how we can work together: (08) 8339 7973 or email us at admin@hawthornfp.com.au.

Superannuation

Superannuation is principally a tax-effective mechanism of saving for your retirement. For many of us, it may be the largest asset we own, apart from our homes.

With numerous contribution options, Superannuation can become a complex and overwhelming area. At Rendall Kelly, we endeavour to create an optimal strategy to make the most of the tax concessions, financial incentives and rebates available to help you build a nest egg which achieves your desired lifestyle in retirement.

We can assist you with comprehensive and tailored advice on:

• Employer Super Guarantee Contributions
• Concessional Contributions
• Salary Sacrificing
• Spouse Contributions
• Co contributions
• Consolidating Super
• Self-employed Deductible Contributions
• Self-employed or Not Working After Tax (non-deductible) Contributions
• Beware of the caps

Be it consolidating your superannuation accounts, boosting your contributions, understanding the superannuation contributions limits for the financial year or developing a plan to prepare you for your eventual retirement, our accountants can help you.

Contact Hawthorn Financial Planning today to discuss how we can work together: (08) 8339 7973 or email us at admin@hawthornfp.com.au.

Investing & Gearing

Many of our clients borrow money to invest. This is known as ‘gearing.’ If you have borrowed money to invest and you’re making a profit, you are positively geared. If you’re making a loss, you are negatively geared. Negative gearing is a popular tax minimisation strategy. If you are borrowing to invest, choosing a positively geared investment will increase your income and increase your overall return on investment.

Some benefits of Gearing:

• Increases the funds you have available to invest
• Allows for a larger investment portfolio, so you can start investing sooner rather than later
• Offers diversification across a range of investments through a wide selection of acceptable investments
• Provides flexibility, allowing you to choose the degree of gearing that meets your investment objectives
• Gearing can potentially be tax efficient, depending on individual circumstances

One form of gearing is margin lending. A margin loan is a line of credit that allows you to borrow money to invest. You can leverage an existing portfolio or create a new investment portfolio to help meet your financial goals.

A margin loan lets you borrow money to invest and uses your shares or managed funds as security. It can help you increase your returns but it needs to be managed very closely as there are margin call risks should the asset value drop.

Contact Hawthorn Financial Planning today to discuss how we can work together: (08) 8339 7973 or email us at admin@hawthornfp.com.au.

Insurance

Whilst most people would never consider driving a car without motor insurance, less than a third of us insure our most important asset – our ability to earn an income. At Hawthorn, we believe that one of the most critical components of any comprehensive financial strategy is protecting your personal and financial wellbeing from unforeseen illness, injury, permanent incapacity, traumatic illness or death.

Our experienced team of Financial Advisers will assist you to structure a risk management strategy to determine the most appropriate insurance solutions specific to your individual circumstances.

Our specialist range of insurances solutions include:

• Term Life (or Death) – pays a lump sum benefit if the insured dies during the term of insurance. We will ensure your life cover is structured so that premiums are paid from ‘gross’ rather than ‘net’ of income, therefore, keeping the cost of this cover to a minimum.
• Total and Permanent Disability – is a pre-agreed lump-sum amount if you suffer a long term illness or injury making you totally and permanently unable to work. We will ensure your life cover is structured so that premiums are paid from ‘gross’ rather than ‘net’ of income, therefore, keeping the cost of this cover to a minimum.
• Trauma (also known as Critical Illness) – pays a lump sum if you suffer from one of the specified health traumas in the insurance policy.
• Income Protection - is a monthly benefit that pays you up to 75% of your income and covers you if you are unable to work for a medical reason. It is paid until you return to work and if necessary until you are 65 (depending on your occupation).

At Hawthorn, we highly recommend that all our clients obtain protection for themselves, in the same way we readily protect and insure our homes and cars, as we have observed the invaluable advantages a responsive and comprehensive insurance strategy can have in difficult and painful times.

Contact Hawthorn Financial Planning today to discuss how we can work together: (08) 8339 7973 or email us at admin@hawthornfp.com.au.

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