How Can We Help? | Abound Financial & Lifestyle Planning
How Can We Help?
Debt Management
We can assist in helping you find the most appropriate lending solution and we will help you incorporate your liabilities into your overall financial strategy.
Insurance and Risk Management
We take into consideration the two dimensions of risk planning: understanding the boundaries of your personal risk profile and shaping your investments accordingly; and implementing personal risk insurance to protect both your income and your wealth.
We invite you to complete the MLC Insurance Gap Calculator to help you gain an idea on what insurance you may or may not need. While injury and illness are never painless, insurance means you can avoid painful damage to your finances. After completing this activity you can print a report that you may like to bring in to us to discuss your requirements in more detail.
Click on this link to find out: MLC Insurance Gap Calculator!
Investments
By pooling your funds with other investors, you’ll have greater buying power, the ability to tap into opportunities that may not be available to you as an individual, and a diversified investment. Importantly, you won’t have all your eggs in one basket.
Superannuation
Superannuation is critical for future financial security, and there are so many options available. We’ll make sure your investments complement your risk profile, and assist you develop a sound strategy for retirement. We are also qualified to assist with the setting up and maintenance of self-managed superannuation funds.
We invite you to complete the MLC Superannuation Calculator which will help you to:
- estimate how long your assets at retirement will last
- see whether you have enough money to cover living and other expenses each year
- see how different decisions may affect your retirement income
Click on this link to find out: MLC Super Calculator!
Centrelink
Various strategies can help you gain eligibility for a Centrelink benefit and maximise your Centrelink benefit. We can also show you how your Centrelink benefits fit into your overall strategy.
Retirement Incomes
It’s never too early to start planning for your retirement. While your plans may need modifying over time, it’s important to clarify your retirement goals, and develop a plan to help you achieve them.
When developing your financial plan is it important to gain an idea of how many years you are likely to spend in retirement. To help you gain an estimate of how long you may live, we recommend you take the My Longevity SHAPE analysis which addresses five key areas of; surroundings, health, attitude, parents and eating.
This analysis is specifically designed for Baby Boomers i.e. people born before 1961 however if you are under 45yrs choose age 45 and your results will still be quite informative.
Click on this link to find out: My Longevity analysis!
Aged Care (Retirement Villages, Hostels & Nursing Homes)
Moving into an aged care facility or helping a loved one move can be a complex situation. Apart from finding the right accommodation you will also need to consider initial and ongoing costs.
Pricing structures vary from provider to provider and your assets and investments can affect your fees and entitlements in an aged care facility. We can advise on structuring your assets to optimise your position for age care accommodation, maximise your benefits and minimise your costs.
Estate Planning
Addressing some of the basic estate planning issues can provide significant tax and investment benefits for your beneficiaries down the track. We will help you to identify the relevant issues and provide advice for changes to your estate planning arrangements as appropriate.
Cashflow Management & Budgeting
Managing your day-to-day financial affairs is the first step you can take towards putting your money to work for you. We’ll help you choose a path that helps secure your financial future.
Taxation Planning
There are a plethora of tax reduction strategies, but the key is to plan well ahead. We’ll help you understand how to minimise tax payable on income and maximise the tax efficiency of your strategy. We can advise on a number of emerging alternative, tax effective investments that are designed to provide solid long-term returns and reduce your taxable income.
Salary Packaging
By exchanging income for benefits, you can maximise the value of your remuneration. It’s not always a simple solution, so we work with you to develop a package that meets your personal and financial needs.
Same Sex Financial Planning Advice Specialists
Abound Financial and Lifestyle Planning understands that gay and lesbian clients face specific challenges when it comes to financial planning.
With recent legislation changes, there has been significant advances in areas of superannuation, binding nominations, insurance, estate planning, Centrelink and taxation – which is imperative same sex couples factor into their financial plan.
As a gay friendly organisation, Abound Financial and Lifestyle Planning is pleased to provide the GLBT community with specialised, confidential and compassionate financial advice.
To receive our FREE E-Book “Same Sex Couples & Financial Planning”