Blue Chip Private Wealth

People looking at retirement in the next 10 years, it’s time to get an understanding of what you want out of retirement and if it is possible to financially retire. How do you make the most of now to ensure tomorrow is comfortable?

You have worked hard and now its time to enjoy all that hard work in retirement. If its overseas travel or around Australia, visiting the grandchildren or spending more time with family. Your greatest concern will be can I afford this and for how long. The Government Aged Pension is there but it isn’t a lifestyle for most people, we help plan retirement, income and take the financial stress out of all these decisions.

If you have a lump sum of savings or inheritance, have spare cashflow from paying one of your loans back or have achieved an increase in pay. This is a great time to look at getting further growth in the money. This could be advantageous for your tax and growing the money to achieve future goals like buying a home or that block of land and building, getting that lifestyle asset like a Car, Boat, or Caravan or have that plan B money you’ve always wanted to have to give you a safer financial feeling. Getting Investment advice is the best way to ensure that your starting to ‘Get Ahead’.

Most people visit their bank and beg for a loan, the checks and balances a run over you, very little information is shared with you and you’re either approved or declined. We believe in explaining how debt works, Good Debt v Bad Debt, understanding the cost of the debt to you and then developing a plan for you to own the correct assets first and maintain a healthy cost of debt. This may involve restructuring debt or changing debt provider, however we try to save you money and time in making you debt as efficient as possible.

Understanding that ‘death and taxes’ are the only certainties in life, it’s important for people of all ages to have a plan for death. Covering the most important things to you is always a focus on the plan. Making sure you’re not leaving anyone else with your expenses, covering funeral expenses and not leaving the debt are all important considerations. In addition, dependents need consideration to ensure that without you they have the same opportunities they would have had with you around.

Should you never be able to work again a plan to ensure that all the expenses your working income currently services are a starting point. Looking at how you will be supported is another aspect of the plan you need to have in place should anything happen to you. Considering dependents as well we ensure that financially you don’t suffer as well.

Diagnosis with a life changing illness or injury is bad enough, the stress of the financial pressure is going to add to this problem, while in some cases you may return to work you will have an uphill health battle in the short to medium term. Plan for this with cover for your major expenses and a budget for financial expenses.

Your Income is one of the most important assets you have, your ability to make income is significantly linked to your physical and mental health. Your income affords you your lifestyle, your ability to service debt and you provide for others. Planning to ensure your income continues past your sick leave (Should you be lucky enough to have that, note for self employed people) will ensure that financial stress is less likely for you.

Most people tend not to think anything will happen to them, we need to tell ourselves this not to think too short term. However, ensuring that there is a plan in place for the future and any other potential issues you may have. Who make the decisions for you if you can’t make them for yourself? If you don’t appoint this person the government will, not always the person you might have appointed, and in what timeframe, will it be too late? Ensuring that what you’ve worked hard for is distributed the way you would like, having control beyond the grave is important to protect the people that you protect and provide for. Ensure that there is a plan in place to administer your estate.

One of the hardest things for people to complete and execute. We aren’t taught to live within our means and we ‘dream big’ but fail to plan small. A good budget and Cashflow plan is liberating and allows you control over your financial life and allows you to continue to execute dreams into reality.