I am in my 50-60s. I don’t need a financial planner… or do I?

We are getting older
• I need to look at aged care; I don’t know where to start.
• Need aged care for one of us, and don’t want to sell our family home.

Investing
• I’ve just retired and I’m worried my money isn’t going to last long enough.
• I think I have enough super but now I’m not sure.
• I have received an inheritance/ windfall and need help working out what to do with it.
• I want to start a self-managed super fund.

Protecting what we’ve got
• I seem to pay an awful lot for insurance; can you review what I’ve got?
• Do I have wills in place?

Parents are getting older
• Parents need to look at aged care; I don’t know where to start?
• I’d like to help talking to my parents about their wills, I’m worried the arrangements they have in place aren’t optimal!
• It’s likely I’m going to inherit a serious amount, I’d like to plan now how that will work!

Career
• I hate my job but I’m not sure I’ll be able to get another one. How long until I can retire?
• I want to take my career break but not sure I can afford it.
• I plan to retire soon am I going to have enough money?
• I would like to partially retire, but I’m not sure I can afford to.
• When can I retire?
• I’ve been offered a great job, but I will have to take a pay cut (at least for a while). Can I afford to take the job?
• We are looking at a move overseas for work; need to get our finances in order.
• When will I have enough income from my investments that I don’t have to work?
• Can I retire early and still have enough money to live on?

In addition, here are some other areas financial planner Melbourne may be able to help you with:
Goals, values and desires: We empower you to understand and express what you want out of life, visualising and documenting goals, values and desires putting a level of importance and urgency around them – critically- aligning these to your budget.

Debt plan: We coach you through how much your debt is costing you, the differences between good and bad debt, implement a better debt plan to secure financial freedom and reduce financial burden quicker.
Personal Family Protection Plan: We’ve walked a mile in your shoes. Kids, debt, education, the challenges of getting ahead. Making sure you have a sound family protection plan ensures your income, lifestyle and family are number one and your dreams never waiver.

Super is super: “Superannuation” is an ugly word. But super is super! Do you have any idea how it’s being invested? We dispel the myths and help you understand how you can fund your retirement.
Get a bloody will… Got a house? Got kids? Get a bloody will. Sounds simple – but if you have young kids, and family overseas or interstate – you need to consider who will be their guardians if anything happens.

Do not say Yes to Raw Deal: Tips for choosing the Best Auto Loan Deal

Buying a car entails a long process of things to be done. Commonly, many customers tend to focus all their energies on finding an auto loan quickly instead of looking for the best financing deal. Only after finding the right car do car buyers think about the auto loan and seek deals from the captive financing department of the respective car maker. However, arranging your car loan in advance is the most important step of purchasing your car. Therefore, finding and getting to the best auto loan deal will be fruitful for your long-term financial future.

Haste makes Waste: Avoid Raw Auto Loan Deals

You are going to save a lot of money by choosing the best auto loan deal. Learn how to concentrate on the right factors and maximize the benefits of auto financing.

1. Your Credit is Crucial

Applying for your auto loan without checking your credit score is a big mistake. Get your credit report, study your credit report for any faulty errors and revise it at the earliest. A good credit score can take years to build. However, even a small boost in your credit score can significantly impact your auto loan deal. For instance, a car buyer with a credit of 720, as compared to 710, will ideally pay a lower interest amount of approximately $1,100 on a car that costs $30,000. Therefore, do not be oblivious to your credit score and work on improving it before hunting an auto loan deal.

2. Check the Auto Loan Term

As new cars have become expensive, auto loan terms have become longer to ensure that the monthly payments are easy on the pocket. A 72-month auto loan term period has become the standard time that a person uses to repay an auto loan. However, just because the option to stretch your auto loan exists doesn’t mean you should take it. Opt for a 48-month or 60-month term period while making sure the payments are affordable. A great way to afford a short-term easy payment loan is to put a good amount of money down.

3. Choose Total Price over Payments

You can get tricked into thinking that lower payments mean a cheaper auto loan. The convenience of a lower monthly payment may help you obtain your car but it has a long-standing effect on your finances in the future. Whenever you negotiate on your auto loan, try and obtain an overall cheaper auto loan by getting lower interest rates. Shop around various lenders and get the lowest quotes on auto loans. A captive financing individual at the dealership will try to match or beat the lowest APR so look for the best auto loan deal on the market before you make your pick.

Choose only the Best Auto Loan Deal

At times, when we get an auto loan deal, we think it is the only deal available. Use online tools to get an understanding of the available auto loan deals. Look around the market and find your pick after thorough research and consideration. Do not be in a hurry to sign the dotted line. A great auto loan deal will not be presented upfront to you so make sure you use the right tools and make it the best auto loan deal for you.

Financial Advice: Do I Need It?

There are a few things wrong with this equation. Firstly, unless you have adopted good spending habits, bulging pockets are unlikely. Secondly, waiting until you have a certain amount of money behind you means you haven’t thought about one of the biggest game changers when it comes to investing and financial success: time. Warren Buffett dubbed ‘compounding interest’ the “eighth wonder of the world.”What is it? Effectively, the earnings on your money being reinvested and snowballing continuously. This means the earlier you start saving, the more you will save.Most people aren’t confident in making money decisions. They aren’t sure how to invest or exactly where all their money goes… and instead of reaching for help and guidance, they don’t do anything, in the hopes that soon, things will change.Not having a financial game plan is like driving a car towards your destination without a GPS. Yes, maybe you might reach it. Would it be difficult and stressful not really knowing which way to turn? Most likely.Sitting down with someone and mapping out your financial goals means you have a clear roadmap of what you want to achieve, and most importantly, how you’re going to get there! A good financial advisor Melbourne will help you create a cash-flow plan, so you know exactly where your money is going each month and make sure you are putting money towards those things you said were really important (like buying property, paying down credit card etc). They will also help you ensure you are taking care of the important things probably stuck in the back of your mind that you need to do ‘one day’, such as consolidate all your super, make sure it is invested correctly and that you don’t pay high fees, get things like tax minimisation, asset protection, insurance and also estate protection. These aren’t just for rich people looking to make extra money.So, if you haven’t quite got your financial world sorted, don’t wait. Future you will be very impressed with your proactivity.