Let’s remind you what we offer. We offer
the opportunity to discuss here over lunch or some other suitable time your
personal financial position. Let’s face it, it just might need a financial
tune-up & you have wondered where to turn. If the car has a regular tune
up & the dentist suggests every 6 months then it also makes sense with your
finances.
Yes it is possible that the super fund you
are in is the cheapest with the best performance ever but that is only part of
your financial challenge. You get what you pay for & you are not paying for
advice.
Then there is always your mortgage & are you paying that first before
you pay yourself as that DEBT word is another four letter word. Your mortgage
debt should be your first priority. What happens when rates increase or when
the employer makes you redundant or when there is one income as family is
expected? What happens as we often see that you will retire & your super is
required to pay out the mortgage.
Then there is the taxx man. There the super contributions increases from 9% to 12%.
Surely that is another taxx as it is your income which you can’t spend or
invest. You only need to look at your net or take home pay after all the
deductions & mortgage interest to be well aware that it is a struggle to
survive.
We only a fortnight ago explained to a young cop with 2 children that
many were like him – they couldn’t afford the fine as they were surviving only
to the next pay. We did point out we had no sympathy for the idiot on the road
& should be treated as an idiot. A fine is another taxx & yes the state
government needs the cash. Why not have the
taxx man subsidise your DEBT?
We have recently helped a couple aged 48 with a $340,000 mortgage
which means unless they are disciplined they will certainly need his super to
pay down his debt. However with our active wealth strategy it is projected to
be paid out in 9.4 years & to later retire on 67,000p.a.
We have seen at
least two others our age & who should be retired who have said they are
willing to work to age 75 because their position means they can’t do otherwise.
They will need also our wholestic health story.
We have seen
those with rental property where there was a $9000 dollar p.a. shortfall between
income & expenses. That makes living & explaining to the spouse a
challenge & a hope that property markets will always go up.
We have seen a lady who has 2 million in
assets but property & super aren’t very liquid should a major trauma or
illness occur. Haven't you heard of those excessive out of pocket medical demands. William said yesterday they cost him 100,000. yes 100,000.
We saw on
Saturday another lady who has just separated & although better than most
with own house & useful super it will need care & attention if she is
to retire on what she currently earns.
We have others
wanting us to be the ‘go to’ man as a call centre isn’t good enough.
We could provide
numerous other examples & we provide non
aligned important insurance & protection options.
Be very aware
that you can lose your house & credit rating if no income.
Every person has
their own challenges & as an ex math’s teacher we do like to have a
solution to each problem.
As our 11 year old is now having a
term studying abroad we have had the
opportunity to spring clean the garage. What a difference & so much more
space. We all need to spring clean our finances occasionally.
We do have many other
ideas as many haven’t considered estate planning or spouses super or looking
after the small shareholder in a business.
Every one needs a non aligned approach
which is what we offer.
We as other do have views on SMSF & the
responsibilities of trustees.
Of course there is our active wealth
strategy which looks at your overall financial position including having
the taxx man subsidise your DEBT & helps you to achieve your goals.
We provide 24 / 6 support for your benefit.
Welcome to email
or book via our websites www.JohnMcAuliffe.com.au
or call on 07 3848 1088 for that
opportunity to discuss & financially progress.
John McAuliffe
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