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"Financial
Advice, Cashflow, Debt Management, Finance Planning, Superannuation

Financial Planning in Your 40s: Your Top 4 Priorities

It’s never a bad time to give your finances a health check. And if you’re hurtling towards middle age at what feels like breakneck speed, stop for a moment and consider the future.

The time spent on sound financial planning in your 40s could be one of the smartest investments you ever make.

Our 40s can often be when we feel a stronger sense of security, having years of experience behind us. So, read on to discover more about why giving yourself a midlife financial checkup is such a wise move.

"How
Superannuation, Uncategorized

How Compounding Works Wonders for Your Super

Most of us want to secure as big a pot of money as we can for retirement. The trick is to make what cash we put aside over our lifetimes work as hard as possible. It needs to grow and grow for the best results.

You may find your Launceston financial planner refers to compounding as one of the great wonders of investing. Superannuation compounding is no exception. So, what exactly is compound growth in super? Read on to find out.

"Smart
Advice, PAC Financial

Smart Money Moves: How to Strengthen Your Financial Health in 2024

There’s never a bad time to look at your financial health, but the start of a new year helps to focus minds and give the process a kickstart.

Financial planning needs to feel clear, achievable and never overwhelming. If there’s room for improvement, the best advice is to get started straight away and avoid putting off a long, hard look at your finances.

Read on for all the financial health strategies you need for making short and long-term financial objectives by identifying your key priorities.

PAC Financial, Testimonial

Client Video Testimonial: Kurt

Empowering Futures: Kurt and Kylie’s Journey with PAC Financial
Meet Kurt, a seasoned chef, and his partner Kylie Fisher, together for 12 years with three beautiful children. In the culinary world for many years, Kurt found himself at a crossroads when he began seeking solutions to insurance and financial advice questions. That’s when PAC Financial entered the scene, changing their lives in ways they never anticipated.

"Considering
Advice, Uncategorized

Are you considering a Granny Flat arrangement…. What could go wrong?

A lot as it turns out. To decrease disaster, it’s worth considering a formal agreement which lays out everyone’s expectations on the table.

Why are Granny Flat arrangements becoming so popular?

Unaffordable property prices and unreasonable rents are pushing many families to rethink their living situations. Granny flats can often be a popular solution as it may provide you the opportunity to continue to live independently in a home for longer whilst providing suitable and reasonably priced accommodation for the younger generation.

Also, capitalising on the families grouped financial resources and support creates another possible alternative to aged care.

"Your
Advice, Age Pension

Your assets: How to value and report them to Centrelink

Today we are sharing a refresher on the way the asset test is applied by Centrelink and how knowing the rules can help you to maximise your entitlements.

Why are both income and assets evaluated?

The Australian Age Pension is based on a means test that combines the income test and the assets test. Generally speaking, Centrelink will determine your income first. If this falls below the limit, it will then consider your assets. If either your income or assets are above the limit for a part-Age Pension, you will be ineligible for any Age Pension benefits.

If both your income and assets are below the limit, whichever one delivers the lower Age Pension payment will be applied.

"Sustainable
Investment Advice

Sustainable Investing 101: A Beginner’s Guide

Australia is a trailblazer in the world of sustainable investing. Only recently, one survey found two-thirds of Australians said they’d consider investing in ethical companies or funds.

Based on environmental, social and governance (ESG) considerations, this area of financial planning is becoming ever popular.

So, how does sustainable investing work? Read on as we drill down into its importance and show you how you can join a growing club of like-minded sustainable investors.

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Finance Planning, PAC Financial

How to get the most out of your meetings with your financial adviser

To get the most out of your financial adviser, be prepared. Gather all the current information you have about your financial circumstances (and your partner’s), including:

  • Income: wages, salary, interest, rental income, government benefits and dividends
  • Expenses: household budget and expenses (such as food, clothing, telephone, internet and council rates) and lifestyle expenses (such as gym memberships and annual holidays)
  • Assets: your home, car or other assets of value
  • Debts: mortgage, credit card and loan repayments
  • Investments: statements from shareholdings, other investments and bank accounts like term deposits
  • Insurance: life, total & permanent disability (TPD), trauma and income protection policies
  • Superannuation: annual statements from your fund
  • Estate plan: Will and power of attorney
  • Professional advisers: your accountant and solicitor
"financial
Advice, Finance Planning, PAC Financial, Uncategorized

Why We Often Argue About Our Finances

Being in a relationship comes with its pros and cons.

When single it’s me, myself and I making the decisions. There would be very few couples who claim they never argue – some might say that would be boring anyway. The real disputes occur when the arguments are about finances and if they occur too often, it can become stressful and draining.
Today we look at the three main reasons couples argue about their finances. And how seemingly ‘irreconcilable’ differences might be handled.

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