Financial planning week 19 - 25 May

Nigel Ward · 19th May, 2008

The Financial Planning Association of Australia Limited

Financial Planning Week kicks off today and with a theme of ‘Plan your financial future’ it is a timely reminder to get help organising your finances.

Greg Miller, General Manager of MLC Advice Solutions, said, “You see a doctor when you’re not feeling well, you speak to a lawyer if you want legal advice, so you should see a financial adviser to help plan your financial future.”

MLC’s top 5 benefits of seeking financial advice are:

1. Budgeting – A great way to find ‘extra’ money is to follow a budget. A budget can be an amazing tool to help you manage debt, pay your bills on time and save. It helps to separate what you really need from what you want. A financial adviser can help you better manage your money to be more aware of money going out, as well as coming in. Budgeting is also a vital step towards gaining financial security.

2. Making the most of your money – Building wealth is easier than you think. Setting aside even a small amount can make a difference and it is all about making your money work harder for you. A financial adviser can help you find a path through the many investment options, legal requirements and tax implications to reach your goals.

3. Protecting your wealth – Unexpected events such as illness, injury or even death are not nice things to think about but it is important you have the right insurance to protect your income, your family and your property. It is likely you will have some cover through your superannuation fund but is this enough? A financial adviser can help ensure you are adequately protected so you don’t have to worry today about what might happen tomorrow.

4. Managing market volatility – Changes in market conditions such as those we have experienced lately can be frightening when you don’t understand the reasoning behind them or how they impact your finances. A financial adviser can help you manage your assets during difficult times and focus on your long-term goals. Having an agreed strategy for building your wealth means having peace of mind in volatile markets and achieving a better long-term result.

5. Planning for the future – It is difficult to know how much money you should put into superannuation, how much you will need to retire or how to build your wealth to be able to retire when you want. A financial adviser can assist with prioritising, planning for and meeting your lifestyle goals for retirement.

Seeking financial advice can help you to:

understand your options so you can make the right choices;

know what you can achieve so it’s easy to stay on track towards your goals;
[*]stay informed to identify new opportunities to grow your money.

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Financial planning week 19 - 25 May

Nigel Ward Well-Known Member

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Financial planning week 19 - 25 May

Nigel Ward Well-Known Member

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