We woke up in the middle of the night about our advice to you’.

‘We woke up in the middle of the night about our advice to you’.

Yes that is what we said to Anthony* when we were presenting our advice document SOA to him this week.

Anthony* replied that as he didn’t want to wake up at night considering his financial  situation then that is what we are for. He wanted to meet at ‘trigger points’ and his birthday was one.

We also read this from a global health  newsletter  that all should subscribe to  as your health is even more important than your wealth.

The leading causes of stress for Americans are financial concerns, beat out work, family responsibilities, and even health concerns.

Stress in America Caused by Money

We just want & Anthony* expects us to optimise his position & have his best interest in our advice.

He called it the end game but we trust that is some time away.

We advised a tune up for him which in summary is this

Cost Savings

• You will reduce your administration costs of your overall superannuation portfolio by $446 p.a.
• Implementing this strategy will reduce your personal tax payable position by $2,250 therefore providing surplus funds in the first year of $2,250 to further reduce your mortgage.
• Your superannuation will be moved into a tax-free environment.  Based on current legislation, earnings generated by your underlying investments whilst in the accumulation phase of superannuation are taxed at 15% whereas in the pension environment, earnings are 100% tax-free. This will result in significant annual savings within your pension account.  For example, based on a 4% annual income return within the pension account you will have tax savings of approximately $900 p.a. within this account.

 And

Manage Your Debts in an Effective Manner

·         You will reduce the term of your loan by one year.

·         You will reduce your interest paid over the life of the loan by $1,503

·         ‌The sooner you are able to reduce or eliminate your liabilities, the sooner you are able to create wealth to eventually provide for your retirement.

What is the total over the next 10 years although we will achieve even more when he turns 60?

We also had Margaret* call us from our website.  She had never seen a financial adviser before & after our conversation  she should have years ago.

Listening to her outflow on banks, tenants & investment properties suggest to us that if she had seen us or another financial adviser [note many property floggers call themselves that]years ago then she wouldn’t be having this stress.

As we have said to others ‘we share the load’ but in Margaret’s* case we may be too late to do  much.

Margaret* has made the hard call to call us & we have the impression that there are so many like her out there. When they,  the baby boomers, who have these so called investment properties all start to sell then just maybe the time to buy property but generally the income from residential property is a net 2% and 8% are sold at a loss.

What is that going to do to bank share prices & hence the ASX?

Then there was our police inspector Robert*  client today who is very concerned in the next budget that all superannuation will in the future be an income stream. Yep, that is very possible & hence another reason if you are over 55 to have a chat here.

We suggested to him that he would probably be fine but for his children we better plan something else as we have actioned for him outside super.

We had William* this week call us & ask us to pick him up from the cruise ship & drop him on the Gold Coast. Yep this adviser & we guess other advisers did that even though very certainly not family. You don’t read that in the media.

But you do read this editorial  Labor has prosecuted the most dishonest, cynical and shameful political campaign in living memory

We read just now from the school newsletter

It seems that everyone agrees that school communities should have some sort of covenant, vision, mission, philosophy, or values to guide their work

And

Personalities and cultures are formed by values because, quite simply, values state what is important to individuals or businesses’.

What was the lost sleep over?

It was the decision do we use his new pension to reduce his mortgage by the maximum or minimum amount?. 

Do we reduce his retirement amount or his DEBT?

What would you do for yours?

We believe that we can generate significant financial certainty for you throughout our relationship & importantly add substantial value to ensuring you achieve all that is important & valuable to you as you have articulated to us.

If we were to sit down in three years time & looked back what do we need to do today so that you are financially & personally better off & happier.

As others do call us on 07 3848 1088 or email us or visit our websites.

John McAuliffe