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New Year, New Job – What’s your resolutions?

New Year, New Job – What’s your resolutions?

New year is a great time for making lifestyle changes, however, for resolutions affecting your financial health, there’s often no better time than when starting a new job.

 

Along with changes to your daily routine that come with a new job can help you put in place positive changes for your finances too. Here are some useful tips:

 

Plan around your pay cycle

While most companies pay monthly, it may be at a different time to what you’re used to. Updating your direct debits and bill payments to reflect any change in pay dates is a good time to look at what you’re actually paying for and whether savings can be found.

 

If your new job pays fortnightly, this is a great opportunity to modify your mortgage repayments. Paying half your monthly mortgage as a fortnightly repayment lets you squeeze in one extra monthly repayment each year – potentially saving thousands in interest over the course of a loan.

 

 

Don’t waste a pay increase

As job changes sometimes come with a pay increase, there are also opportunities to save more while maintaining the lifestyle you’ve become accustomed to. One of the most tax-effective investments is making additional concessional contributions into your super. Using your before-tax pay, it’s usually taxed at just 15 per cent instead of your marginal tax rate.

 

Individuals may contribute up to $25,000 during 2019/20 as concessional contributions to super.

 

Check your Insurance

As you move through your career, priorities change and with a mortgage and children comes the need to protect your income. Changing jobs is a chance to check your insurance – inside and outside of super – and make sure it matches your financial situation.

 

Seek professional financial advice

A financial adviser can help with a new budget based on your new salary along with investment strategies to ensure your new job gives you a boost today, and in the future.

 

Superannuation

With many people predicted to have more than 10 jobs in their lifetime, having a super fund that can move with you from job to job and into retirement has never been more important. After all, losing track of just one super fund can cost you thousands in retirement.

 

Not all super funds can do this though, and once you’ve done your homework to find the fund that best suits your investment profile and insurance needs at the right cost – it’s often a good idea to stick with it. This gives you peace of mind throughout your working life that your retirement savings won’t get lost and you won’t be paying unnecessary tax and fees when the time finally comes to retire.

 

There are other considerations, too, when looking at your super arrangements between jobs.

 

Most plans have different default insurance. If you roll your super from one fund to another, your existing insurance will usually lapse when you do so, while your new fund may not provide the cover you need or expect.

 

Moving from one fund to another may trigger a capital gains tax liability up to 15 per cent on your investment earnings inside super. Staying with the same fund however can mean your super is tax free when you retire.

 

Tax isn’t the only cost when moving between funds. There are transaction costs associated with selling and buying underlying investments, which you need to be mindful of when transferring to a new super plan.

 

If you’re a ‘Choice’ member – that is, you’ve actively chosen where you want your super invested, changing funds may mean your previous options are no longer available, and this could have a significant impact on the growth of your super.

 

For help with your super, savings and more, contact your professional financial adviser today.

This editorial and the information within, including tax, does not consider your personal circumstances and is general advice only. It has been prepared without taking into account any of your individual objectives, financial solutions or needs. Before acting on this information you should consider its appropriateness, having regard to your own objectives, financial situation and needs. You should read the relevant Product Disclosure Statements and seek personal advice from a qualified financial adviser. From time to time we may send you informative updates and details of the range of services we can provide. If you no longer want to receive this information please contact our office to opt out. The views expressed in this publication are solely those of the author; they are not reflective or indicative of Licensee’s position, and are not to be attributed to the Licensee. They cannot be reproduced in any form without the express written consent of the author. RI Advice Group Pty Limited ABN 23 001 774 125, AFSL 238429.
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Five ways to keep your financial resolutions this year 2020

Setting a goal for the New Year? Make it stick to help you secure your financial future for 2020

It’s that time of year when we set new financial goals – or revisit old ones – and promise ourselves we will accomplish them. But many of us struggle to stick to our resolutions. A study of individuals who set a New Year’s resolution found that less than half (46 per cent) reported continuous success at six months.

But you don’t have to give up just after you’ve decided to turn over a new leaf. Here are some practical ways to help you adhere to your resolution.

1. Choose an attainable goal
It’s good to be ambitious, but you are likely to have a better chance of keeping your resolution if you have a smaller, attainable goal.

Using the well-established SMART formula may help you create such a goal. SMART is used to write management targets and objectives, but it could also work for you. It stands for:

  • Specific – make your goal as clear as possible. For example, instead of just intending to boost your superannuation fund, set an amount you want to voluntarily contribute for the year.
  • Measurable – if your financial goal is specific, most likely it is measurable too.
  • Achievable – choose a goal that you can reach in the foreseeable future. Instead of aspiring to save $1 million by the time you turn 40, why not aim to set aside $1,000 a month, giving you $12,000 at the end of every year?
  • Relevant – ensure you really want this goal and that it would benefit you.
  • Time bound – set a timeline for achieving your target.

2. Have a plan

Create a plan that helps you take small but regular steps toward your financial goal. The key is to set specific milestones and a timeframe, monthly or quarterly, for each one. It may be a good idea to consult your professional financial adviser on setting a plan for your unique financial situation and goal.

3. Tell others about your resolution
Tell family members or friends about your resolution or post it on social media. By announcing your goal, you might feel more responsible for attaining it.

4. Track your progress

Regularly record and analyse your progress against your milestones. It may also help to get your financial adviser to check on your progress every so often.

5. Enjoy the process

If you enjoy taking steps to reach your goal, it may be easier to stick to your financial resolution. A study found that when people received immediate rewards, such as enjoyment in doing their tasks, they were more likely to persist to meet their New Year’s resolutions. So give yourself a small reward every time you reach a milestone.

Whether you want to boost your savings or retirement fund, or you want to start investing, your financial adviser may assist you in planning to execution helping you to stay on track to achieve your resolution – so instead of feeling guilty, you’ll feel great.

Seek advice

Getting professional financial advice may help you optimise your windfall. Your adviser can review your finances and work with you on a financial plan based on your needs and priorities, to help you achieve your goals.

Please note: information is of a general nature only and neither represents nor is intended to give specific advice on any particular matter. This publication does not contain tax advice and it is recommended that you speak with a tax specialist about your circumstances. We strongly suggest that no person should act specifically on the basis of information contained herein but should obtain appropriate professional advice on their own personal circumstances. The views expressed in this publication are solely those of the author; they are not reflective or indicative of RI Advice’s position and are not to be attributed to RI Advice. They cannot be reproduced in any form without the express written consent of the author. From time to time we may send you informative updates and details of the range of services we can provide. If you no longer want to receive this information please contact our office to opt out. Materials are published by RI Advice Group Pty Ltd. ABN 23 001 774 125 AFSL 238429.
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Sharing is caring

Sharing is caring

Australia’s philanthropists are giving more than ever. So what motivates an individual to donate to charity, and how has our nation’s culture evolved as a result?

 

According to the Good2Give report1, an estimated two thirds of individuals in Australia have given money in thepast 12 months (to March 2019)either by giving money directly to acharity, by giving to a church/religious organisation, or by sponsoring someone.

 

Furthermore, the typical (median)amount donated or sponsored in thepast four weeks is $80 and average(mean) $378.

 

Why give?

 

The Good2Give report lists the majority of Australians feel that charities have had a positive impact, with women in particular thinking that they have had a positive impact on their local communities and on Australia as a whole.

 

Australia’s philanthropists are giving more than ever. What’s more, in recent years people have become far more open and celebratory about their giving — triggering a cultural shift and leading people to question how they could better use their resources for a more fulfilling outcome.

 

The Giving Pledge In 2010, Bill and Melinda Gates and Warren Buffett created a group called ‘The Giving Pledge’ for the world’s wealthiest individuals and couples to join together and commit to give more than half of their wealth away.

 

It came about with philanthropists discussing how they could set a new standard of generosity among the ultra-wealthy. And some of Australia’s wealthiest, including Leonard Ainsworth and Andrew Forrest have made the pledge. So far, there have been 170 pledges across 21 countries.

 

Is sharing your wealth an important part of your financial plan?

 

Then make sure you discuss your aspiration to give with your financial adviser.

1 Good2Give ‘Australia Giving 2019: An overview of charitable giving in Australia (March 2019)

“It is my great pleasure to provide this Giving Pledge commitment wherein I pledge to give at least 50 per cent of my wealth to charitable causes both during my present life and beyond. As a private person, I prefer to minimise publicity of my philanthropic activities but at the same time realise that setting a positive example is the best way to encourage others to give back.”
– Leonard H. Ainsworth –
Giving Pledge website

Please note: inTouch is of a general nature only and neither represents nor is intended to give specific advice on any particular matter. This publication does not contain tax advice and it is recommended that you speak with a tax specialist about your circumstances. We strongly suggest that no person should act specifically on the basis of information contained herein but should obtain appropriate professional advice on their own personal circumstances. The views expressed in this publication are solely those of the author; they are not reflective or indicative of RI Advice’s position and are not to be attributed to RI Advice. They cannot be reproduced in any form without the express written consent of the author. From time to time we may send you informative updates and details of the range of services we can provide. If you no longer want to receive this information please contact our office to opt out. Materials are published by RI Advice Group Pty Ltd. ABN 23 001 774 125 AFSL 238429. The information in this publication is current as of October 2019.
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Intergenerational Wealth Monthly Market Wrap December 2019

Intergenerational Wealth Monthly Market Wrap for December 2019

Risk assets rose

  • Global shares were up 3.2% and 4.7% in hedged and unhedged terms, respectively.
  • Domestically, Australian shares underperformed international markets rising 3.3% during November. This was driven by a combination of positive earnings outlooks at AGM season by the likes of A2 Milk. An offsetting factor was the performance of the banking sector with Westpac the main cause. The company’s shares struggled, falling 13.1%, following a civil lawsuit by regulator Austrac for alleged money-laundering breaches.
  • The Australian dollar (AUD) fell against major currencies during the month. Weaker economic data as well as a speech by Governor Lowe setting out a new “backstop” interest rate of 0.25% (versus market views that the lowest the cash rate could get was 0.5%.
  • Fixed income assets struggled internationally with positive trade talk news and stronger economic data saw negative returns for international fixed income. The prospect of further RBA rate cuts with Governor Lowe’s speech opening the possibility of quantitative easing as well supported by weaker economic data saw investors flock to Australian bonds resulting in a positive return for domestic fixed income.

With more stable growth facing off against trade fears?

Globally

  • Global business surveys are pointing to stabilisation with the Markit Global Manufacturing PMI in expansionary territory led by China and the US.
  • While positive we remain cautious on global growth given weakness in US business investment and the Eurozone generally.
  • In addition, the prospect of renewed trade tensions has reappeared in early December with the US contemplating tariff retaliation over a French digital tax against US firms. The announcement of tariffs being applied to Brazil and Argentina (who had previously been exempt) as well as a willingness to drag the talks with China for longer have added to investor uncertainty.

Locally

  • The Reserve Bank of Australia (RBA) left interest rates at 0.75% in early December.
  • New RBA remarks contributed to expectations of rate cuts being sooner. Governor Lowe’s speech saw the possibility of Australian quantitative easing (RBA buying government bonds) emerge as a real possibility.
  • The unemployment rate rose slightly to 5.3% driven by weaker jobs growth.
  • GDP growth disappointed at 0.4% in the September quarter (consensus: 0.5%) with weak consumer spending the key driver contributing only 0.1% to growth.
  • Property markets continue to strengthen on low volumes following the RBA rate cuts. The RBA is hoping a “wealth effect” from stronger prices will support consumer spending but we remain sceptical given still subdued consumer sentiment and weak spending to date.

Major asset class performance

Asset classes 1 month
%
1 year
%
5 years (p.a.) %
Australian shares 3.3 26.0 9.9
Global shares (hedged) 3.2 13.6 9.4
Global shares (unhedged) 4.7 23.6 13.0
Global small companies (unhedged) 5.1 19.4 12.9
Global emerging markets (unhedged) 1.7 15.8 8.0
Global listed property (hedged) -0.9 14.1 7.2
Cash 0.1 1.6 1.9
Australian fixed income 0.8 10.7 4.9
International fixed income -0.2 9.0 4.4
Source:  Bloomberg & IOOF, 30 November 2019

Indices used: Australian Shares: S&P/ASX 200 Accumulation Index, Global shares (hedged): MSCI World ex Australia Net Total Return (in AUD), Global shares (unhedged): MSCI World ex Australia Hedged AUD Net Total Return Index; Global small companies (unhedged): MSCI World Small Cap Net Total Return USD Index (in AUD); Global emerging markets (unhedged): MSCI Emerging Markets EM Net Total Return AUD Index; Global listed property (hedged): FTSE EPRA/NAREIT Developed Index Hedged in AUD Net Total Return; Cash: Bloomberg AusBond Bank Bill Index; Australian fixed income: Bloomberg AusBond Composite 0+ Yr Index; International fixed income: Bloomberg Barclays Global Aggregate Total Return Index Value Hedged AUD

Please note: Past performance is not indicative of future performance

Currency markets

Exchange rates At close on 30/11 1 month
change
%
1 year
change
%
USD/AUD 0.68 -1.9 -7.4
Euro/AUD 0.61 -0.7 -4.9
Yen/AUD 74.0 -0.6 -10.8
Trade weighted index 59.0 -1.7 -6.8
Source Bloomberg & IOOF, 30 November 2019. All foreign exchange rates are rounded to two decimal places where appropriate.

Please note: Past performance is not indicative of future performance.

Disclaimer: This report has been prepared by the IOOF Research team for RI Advice Group Pty Ltd ABN 23 001 774 125 AFSL 238429. RI Advice Group Pty Ltd is a company within the IOOF group of companies consisting of IOOF Holdings Limited ABN 49 100 103 722 and its related bodies corporate. This report is current as at the date of issue but may be superseded by future publications. The information in the report may not be reproduced, distributed or published by any recipient for any purpose without the prior written consent of RI Advice Group Pty Ltd. This report may be used on the express condition that you have obtained a copy of the RI Advice Group Pty Ltd Financial Services Guide (FSG) from the website. RI Advice Group Pty Ltd and/or its associated entities, directors and/or its employees may have a material interest in, and may earn brokerage from, any securities or other financial products referred to in this report, or may provide services to the companies referred to in this report. This report is not available for distribution outside Australia and may not be passed on to any third person without the prior written consent of RI Advice Group Pty. RI Advice Group Pty and associated persons (including persons from whom information in this report is sourced) may do business or seek to do business with companies covered in its research reports. As a result, investors should be aware that the firms or other such persons may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as a single factor in making an investment decision. This report has been prepared in good faith and with reasonable care. Neither RI Advice Group Pty nor any other person makes any representation or warranty, express or implied, as to the accuracy, reliability, reasonableness or completeness of the contents of this document (including any projections, forecasts, estimates, prospects and returns and any omissions from this document). To the maximum extent permitted by law RI Advice Group Pty, its related bodies corporate and their respective officers, employees, representatives and associates disclaim and exclude all liability for any loss or damage (whether foreseeable or not foreseeable) suffered or incurred by any person acting on any information (including any projections, forecasts, estimates, prospects and returns) provided in, or omitted from this report. General Advice Disclaimer: The information in this report is general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this report, you should assess your own circumstances or seek advice from a financial adviser. Where applicable, you should obtain and consider a copy of the Product Disclosure Statement, prospectus or other disclosure material relevant to the financial product before you acquire a financial product. It is important to note that investments may go up and down and past performance is not an indicator of future performance. For information regarding any potential conflicts of interest and analyst holdings; IOOF Research Team’s coverage criteria, methodology and spread of ratings; and summary information about the qualifications and experience of the IOOF Research Team please visit https://www.ioof.com.au/adviser/investment_funds/ioof_advice_research_process.

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Everything secure before your holiday break?

Everything secure before your holiday break?

It’s that time of year when thoughts turn to relaxing with family and friends and perhaps getting away from it all. If you are going away you no doubt take care to lock the doors and windows, organize for mail and garbage bins to be checked and neighbours notified. But have you secured everything?

 

There may be gaps in your financial security and planning that have potentially disastrous impacts. Imagine having a sudden accident while driving to a holiday destination and not having your ‘financial house’ in order. Would your life and disability insurances leave your loved ones well looked after? Do you have a valid will? Are there debts and cash flow issues that could leave a financial mess for those left behind?

 

It’s time to get these critical financial issues properly taken care of so you can enjoy the holiday season with real peace of mind. On the reverse of this flyer you’ll find a handy checklist of issues that you may want to discuss with your financial adviser. It’s your chance to take action now!

 

Your handy year-end checklist of critical financial issues

 

Protecting your family

 

Sometimes we can be so busy trying to earn a living that we can easily overlook the potential disaster of our lifestyle abruptly collapsing due to sudden illness, injury or even premature death. The more you earn and the greater your expenses and liabilities, the more you stand to lose if the worst happens.

 

How have your circumstances changed in recent times?
A new job? Moving house with an increase in mortgage?
Family expenses on the rise with children getting older?

 

Life rarely stands still for long and all of these events can increase the threat hanging over your family if something happens to you.

 

The end of year is a great time to review your risk protection strategy with your financial adviser, who can offer:

• A comprehensive risk appraisal to determine the greatest threats to your financial security
• Expert advice on how to use life, TPD, trauma and income protection insurances to disaster-proof your lifestyle
• Thorough research to source the most appropriate benefits and most cost effective cover

Balancing the budget

 

Year-end is when your cashflow can take a real beating. There’s pressure to spend on Christmas gifts and the grocery bill for Christmas food always seems to go through the roof. Then there’s the cost of holiday accommodation, travel and entertainment. Even when you get back there is the temptation to hit the January sales. Before you know it, it’s February and the quarterly bills start rolling in to put you further behind.

Fortunately there are things that your financial adviser can help with to keep spending in check:

• Debt reduction strategies to help you attack high
interest debts first and control your use of credit

• Budgeting tools and techniques that can help you stay on track without onerous record keeping
• Tips to help you uncover funds you didn’t know you had and start to accumulate real savings

 

Taking control of your estate

Estate planning is more than just a dusty old will at the bottom of your filing cabinet! Even with a modest income and lifestyle, there may be major problems for your loved ones if you pass on without a considered estate plan.

 

Of course we would all like our assets to be passed to the ones we care about. Equally we all want to avoid leaving them with a chaotic mess if we are suddenly taken out of the picture. Good intentions and wishful thinking are not
enough for our estate to be effectively managed.

 

That’s where an adviser can help. With experience and planning tools available to guide you through all aspects of your estate plan, your family can be well looked after even if you are not around. This includes:

• Working with your solicitor so your will is up to date, and protected from disputes and challenges
• Planning the distribution of assets that are not always covered by your will, such as life insurance and superannuation
• Advice on ownership structures and trusts to help manage your estate tax effectively
• Strategies for passing inheritances so they are not squandered or manipulated
• Delegating your decision making authority so that any young children are looked after

 

Wrap up the year with your financial house in order

 

It’s a great feeling to know that your financial security is in shape for the new year. Speak to us to find out how to make it happen

RI Advice Group Pty Ltd ABN 23 001 774 125 AFSL 238429.The information provided in this document is general information only and does not constitute personal advice. It has been prepared without taking into account any of your individual objectives, financial situation or needs. Before acting on this information you should consider its appropriateness, having regard to your own objectives, financial situation and needs. You should seek personal advice from a qualified financial adviser. RI Advice Group Pty Limited ABN 23 001 774 125, AFSL 238429.
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Intergenerational Wealth Monthly Market Wrap November 2019

Intergenerational Wealth Monthly Market Wrap for November 2019

Risk assets rose

  • Global shares were up 1.8% and 0.4% in hedged and unhedged terms, respectively.
  • Domestically, Australian shares underperformed international markets falling -0.4% during October. This was driven by a combination of falling iron ore prices hurting mining giants such as Rio Tinto and disappointing quarterly updates impacting the major banks.
  • The Australian dollar (AUD) rose against major currencies on the firming prospects of US-China negotiations (an initial deal expected in December) as well as another interest rate cut by the Federal Reserve.
  • Fixed income assets struggled slightly as investors became more optimistic on global growth prospects. Continued improvement in manufacturing PMIs has been a focus on this front as have positive leaks from US-China trade negotiations. This saw a rise in bond yields globally that resulted in negative bond returns for the month for both domestic fixed income and international fixed income.

With a trough nearing in global growth?

With a trough nearing in global growth?

Globally

  • Global business surveys are pointing to stabilisation with the Markit Global Manufacturing PMI entering expansionary territory led by China and the US.
  • European economic growth surprised slightly at +0.2% while US growth remained positive albeit at a slower pace.
  • Encouragingly in the US we saw a positive contribution from housing investment (after being a drag on growth in recent years).
  • While positive we still remain cautious on global growth given weakness in US business investment and the Eurozone generally.

 

Locally

  • The Reserve Bank of Australia (RBA) cut interest rates in early October by 0.25% to 0.75%.
  • Recent RBA remarks and economic data have seen expectations for further rate cuts drop considerably.
  • Expectations of unconventional policy appear to be rising with an Australian “quantitative easing” reportedly being contemplated by the RBA.
  • Retail sales volumes disappointed, falling 0.1% during the September quarter.
  • Weak sentiment saw consumers use the government tax refund to help pay down their debts according to the latest CBA quarterly update.
  • The NAB Monthly Business Survey for October suggests subdued business conditions will continue in the near term.
  • The unemployment rate fell slightly to 5.2% driven by a weaker participation rate (if participation remained constant it would have remained at 5.3% instead).
  • We have also seen property markets continue to strengthen following the RBA rate cuts. This has prompted concerns from some observers over future financial risks from excessive household borrowing.

Major asset class performance

Asset classes

1 month
%

1 year
%

5 years (p.a.) %

Australian shares -0.4 19.3 8.5
Global shares (hedged) 1.8 11.5 9.4
Global shares (unhedged) 0.4 15.8 13.1
Global small companies (unhedged) 0.7 10.8 12.6
Global emerging markets (unhedged) 2.0 15.1 8.1
Global listed property (hedged) 1.8 19.3 7.9
Cash 0.1 1.7 2.0
Australian fixed income -0.5 10.1 5.0
International fixed income -0.3 9.7 4.7
Source: Bloomberg & IOOF, 31 October 2019

Indices used: Australian Shares: S&P/ASX 200 Accumulation Index, Global shares (hedged): MSCI World ex Australia Net Total Return (in AUD), Global shares (unhedged): MSCI World ex Australia Hedged AUD Net Total Return Index; Global small companies (unhedged): MSCI World Small Cap Net Total Return USD Index (in AUD); Global emerging markets (unhedged): MSCI Emerging Markets EM Net Total Return AUD Index; Global listed property (hedged): FTSE EPRA/NAREIT Developed Index Hedged in AUD Net Total Return; Cash: Bloomberg AusBond Bank Bill Index; Australian fixed income: Bloomberg AusBond Composite 0+ Yr Index; International fixed income: Bloomberg Barclays Global Aggregate Total Return Index Value Hedged AUD Please note: Past performance is not indicative of future performance.

Currency markets

Exchange rates

At close on 31/10 1 month
change
%

1 year
change
%

USD/AUD 0.69 2.1 -2.5
Euro/AUD 0.62 -0.2 -1.1
Yen/AUD 74.5 2.1 -6.8
Trade weighted index 60.0 1.4 -3.1
Source: Bloomberg & IOOF, 31 October 2019. All foreign exchange rates are rounded to two decimal places where appropriate. Please note: Past performance is not indicative of future performance.

Disclaimer: This report has been prepared by the IOOF Research team for RI Advice Group Pty Ltd ABN 23 001 774 125 AFSL 238429. RI Advice Group Pty Ltd is a company within the IOOF group of companies consisting of IOOF Holdings Limited ABN 49 100 103 722 and its related bodies corporate. This report is current as at the date of issue but may be superseded by future publications. The information in the report may not be reproduced, distributed or published by any recipient for any purpose without the prior written consent of RI Advice Group Pty Ltd. This report may be used on the express condition that you have obtained a copy of the RI Advice Group Pty Ltd Financial Services Guide (FSG) from the website. RI Advice Group Pty Ltd and/or its associated entities, directors and/or its employees may have a material interest in, and may earn brokerage from, any securities or other financial products referred to in this report, or may provide services to the companies referred to in this report. This report is not available for distribution outside Australia and may not be passed on to any third person without the prior written consent of RI Advice Group Pty. RI Advice Group Pty and associated persons (including persons from whom information in this report is sourced) may do business or seek to do business with companies covered in its research reports. As a result, investors should be aware that the firms or other such persons may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as a single factor in making an investment decision. This report has been prepared in good faith and with reasonable care. Neither RI Advice Group Pty nor any other person makes any representation or warranty, express or implied, as to the accuracy, reliability, reasonableness or completeness of the contents of this document (including any projections, forecasts, estimates, prospects and returns and any omissions from this document). To the maximum extent permitted by law RI Advice Group Pty, its related bodies corporate and their respective officers, employees, representatives and associates disclaim and exclude all liability for any loss or damage (whether foreseeable or not foreseeable) suffered or incurred by any person acting on any information (including any projections, forecasts, estimates, prospects and returns) provided in, or omitted from this report. General Advice Disclaimer: The information in this report is general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this report, you should assess your own circumstances or seek advice from a financial adviser. Where applicable, you should obtain and consider a copy of the Product Disclosure Statement, prospectus or other disclosure material relevant to the financial product before you acquire a financial product. It is important to note that investments may go up and down and past performance is not an indicator of future performance. For information regarding any potential conflicts of interest and analyst holdings; IOOF Research Team’s coverage criteria, methodology and spread of ratings; and summary information about the qualifications and experience of the IOOF Research Team please visit https://www.ioof.com.au/adviser/investment_funds/ioof_advice_research_process.

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Let us help you get more out of life – CRUNCH TIME

Let us help you get more out of life – CRUNCH TIME

CRUNCH TIME
It wasn’t that long ago that retirement seemed a lifetime away. Something you could worry about later. Now it’s well and truly on the horizon – and the time you have left to gear up for a long and comfortable retirement is rapidly diminishing. It’s also when health issues start to surface that could curtail your ability to increase your income.

Some of our clients find that at this stage of their lives the kids are through school and becoming less dependent on their parents, so often that means there’s less financial pressure. And you may have a partner who chooses to return to work full time which means you can give those retirement savings a welcome boost.

 

We can help you with:

• Optimising your super to suit your life stage
• Boosting your investment portfolio
• Funding further education or supporting you through an exciting career change
• Guiding you through a redundancy
• Helping you and your family with estate planning.

 

All it takes is some professional help. Talk to us today on (03)9326 1594.

The information within, including taxation, does not consider your personal circumstances and is of a general nature only. You should not act on it without first obtaining professional financial advice specific to your circumstances and reading any product disclosure statements. RI Advice Group Pty Ltd ABN 23 001 774 125, AFSL 238429. The information (including taxation) contained within this document does not consider your personal circumstances and is of a general nature only – unless otherwise stated. You should not act on it without first obtaining professional advice specific to your circumstances. RI Advice Group Pty Ltd, ABN 23 001 774 125 AFSL 238429. From time to time we may send you informative updates and details of the range of services we can provide.
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Let us help you get more out of life – THE GOLDEN YEARS

Let us help you get more out of life – THE GOLDEN YEARS

We’re living much longer these days, but it’s increasingly common for the body to outlive the mind, which presents a whole range of issues for ourselves and those we love. We want to live out the final chapters of our lives in as much comfort and with as much dignity as possible – and without being too much of a burden to our children and grandchildren. We also tend to think more about what we might leave behind us, for the generations to follow.

We can help you with:

• Aged care – evaluating and implementing options
• Maximising Centrlelink and other government benefits
• Dealing with exponentially increasing medical expenses
• Making your nest egg last the distance
• Passing it on to those you love
• Philanthropy – leaving a legacy
• Estate planning – Wills, powers of attorney and guardianship.

All it takes is some professional help. Talk to us today on (03)9326 1594.

The information within, including taxation, does not consider your personal circumstances and is of a general nature only. You should not act on it without first obtaining professional financial advice specific to your circumstances and reading any product disclosure statements. RI Advice Group Pty Ltd ABN 23 001 774 125, AFSL 238429. The information (including taxation) contained within this document does not consider your personal circumstances and is of a general nature only – unless otherwise stated. You should not act on it without first obtaining professional advice specific to your circumstances. RI Advice Group Pty Ltd, ABN 23 001 774 125 AFSL 238429. From time to time we may send you informative updates and details of the range of services we can provide.
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Let us help you get more out of life – REAPING THE REWARDS

Let us help you get more out of life – REAPING THE REWARDS

As much as you might love your work (or not!), you know there’s a lot more to life. It’s
time now to reap the rewards, get out there and do the things you never had enough time for before – while you still can. With people living so much longer now, making your nest egg last the distance is another key priority.

We can help you with:
• How best to deal with your super – pensions, income streams
• Ensuring your investment options continue to match your risk profile
• Downsizing, sea-change and tree-change options
• Transitioning to retirement
• Preparing for the next phase – retirement living and aged care options
• Helping the kids
• Loss of a partner – taking over the financial reins, adjusting to life as a single.
• Serious illness or other health issues
• Arranging aged care for your parents
• Arranging aged care for your parents
• Inheritance and sibling issues that may come with it

• Maximising any entitlements to the age pension and other benefits
• Estate planning – Wills, powers of attorney and guardianship
• Extended holidays – we can take care of your finances for you while you’re away.

 

The information within, including taxation, does not consider your personal circumstances and is of a general nature only. You should not act on it without first obtaining professional financial advice specific to your circumstances and reading any product disclosure statements. RI Advice Group Pty Ltd ABN 23 001 774 125, AFSL 238429. The information (including taxation) contained within this document does not consider your personal circumstances and is of a general nature only – unless otherwise stated. You should not act on it without first obtaining professional advice specific to your circumstances. RI Advice Group Pty Ltd, ABN 23 001 774 125 AFSL 238429. From time to time we may send you informative updates and details of the range of services we can provide.
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Let us help you get more out of life – THE HECTIC YEARS

Let us help you get more out of life – THE HECTIC YEARS

THE HECTIC YEARS

Once you’ve started a family, life tends to develop a momentum if its own. You have no time to spare, growing responsibilities and lots of expenses. It can be extremely fulfilling, satisfying, joyful, worrying and stressful – all at the same time. That’s why it pays to have a solid financial strategy in place and also a team of professionals to lighten the load for you and help keep you on track, while you’re flat out with everything else.

 

GROWING YOUR WEALTH
• Managing your own business – establishing tax-efficient structures
• Optimising your super to suit your life stage
• Self-managed super funds
• Reviewing and building any investment portfolio you hold outside of super
• Reviewing your budget, debt management and cashflow
• Funding education for your kids and/or yourself
• Coping financially with divorce and re-marriage
• Inheritance – what to do with the money and any family issues that come with it.

 

PROTECTING YOUR WEALTH
• Life risk management – ensuring those who depend on you are properly protected with a comprehensive, tailored risk strategy
• Not all insurers have a track record for paying claims and paying them promptly. We can direct you to the ones who do.

 

ENJOYING YOUR WEALTH
Children, travel, holidays, sports, education, renovating and furnishing your home. We do more than just advise you on how to accumulate the wealth to pay for these things; we also do a lot of the leg work that comes with managing your wealth – giving you more bandwidth to pursue the things you really enjoy.

 

All it takes is some professional help. Talk to us today on (03)9326 1594.

The information within, including taxation, does not consider your personal circumstances and is of a general nature only. You should not act on it without first obtaining professional financial advice specific to your circumstances and reading any product disclosure statements. RI Advice Group Pty Ltd ABN 23 001 774 125, AFSL 238429. The information (including taxation) contained within this document does not consider your personal circumstances and is of a general nature only – unless otherwise stated. You should not act on it without first obtaining professional advice specific to your circumstances. RI Advice Group Pty Ltd, ABN 23 001 774 125 AFSL 238429. From time to time we may send you informative updates and details of the range of services we can provide.
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