Getting started with money management can seem daunting. Where do you start? What should you do?
Retirement is far away for sure. But taking some easy, simple steps now can turbocharge your wealth for the future.
Set yourself up now and watch your money grow.
Here is a simple roadmap to help get started:
Consolidating your super
- Find your lost super
- Compare your options
- Choose the right super fund
- Consolidate your funds into one fund
Choose the right investment option
- Learn how super works
- Set a savings goal for your super
- Get advice to choose the right investment option
Making the most of your pay
- Pay yourself first - put aside 10% of your pay before you spend the rest on food and entertainment
- Take your own lunch to work
- Only use credit cards for emergencies and pay them off in full each month
Starting a new job
- Exercise your choice - tell your employer which super fund to put contributions into
- Check your pay slip to ensure you’re getting the right amount of employer super contributions
- Check your super fund balance periodically to ensure your employer is making your super contributions on time
- Tax time - at the end of each financial year talk to a tax expert to save tax and claim all that your entitled to
Get free money from the Government
- Learn about the Government Co-contribution
- Get advice about your entitlements and the best way to contribute money into super
People who are getting started tend not to need full financial advice.
Link Advice can offer you bite sized pieces of advice about super consolidation, investment options and making extra contributions. Contact us here to find out more.
Not quite you?
Doing better with money management is available to everyone.
You don't have to be earning a lot of money to grow your wealth wisely.
Whatever your situation (be it personal, work, study, renting or own your home), every individual can feel secure and confident about their finances.
Here is a simple roadmap to help get started:
Making the most of your super
- Learn how super works
- Make extra contributions into super
- Save tax and grow your money by salary sacrificing into super
- Check if you are entitled to free money from the Government via the Co-Contribution Scheme
Protecting your wealth
- Learn more about the types of insurance available
- Explore the types and level of insurance cover you need
- Get advice about insurance so you only pay for what you need
- Consider if you should hold insurance inside or outside your super fund
Building Assets
- Learn more about investing
- Compare ways to grow your wealth - should you buy an investment property or contribute into super?
- Get advice about how to reduce your debts
Losing your job
- Learn how to budget your money for the short term
- Understand your options and where to get emergency relief
- Get advice about how to manage your money during tough times
People who are getting started tend not to need full financial advice.
Link Advice can offer you bite sized pieces of advice about super consolidation, investment options and making extra contributions. Contact us here to find out more.
Not quite you?
Getting ready to retire can seem overwhelming. Where do you start? What should you do?
It's never too early to start planning for retirement. In fact, the earlier you start the more likely you are to retire on your terms.
Here is a simple roadmap to help you get started:
Plan ahead
- Find out how much you will need in retirement
- Choose the right investment option
- Maximise Centrelink entitlements
- Plan ahead for expenses
Retirement income streams
- Explore how a Transition to Retirement (TTR) strategy could help you save more money
- Learn about the options for your super at retirement
- Get advice about the best way to set up a regular income stream
Reduce debt and manage non-super assets
- Learn about ways to reduce Capital Gains Tax (CGT) on the sale of a property or shares
- Explore ways to clear debt forever
- Get advice about how to structure your cash flow in retirement
- Get advice about how to maximise Centrelink entitlements
Understanding Estate Planning
- Learn about your options for gifting money
- Consider who are your beneficiaries
- Nominate beneficiaries on your super and pension accounts
- Make a Will
- Make an Enduring Power of Attorney
Ongoing Care Program
Once your Financial Plan is in place, it's important to regularly review your progress so you stay on track to retire successfully.
Things change - whether it is your circumstances, goals, priorities or external factors such as legislation or investment markets. Our Ongoing Care Program ensures your Financial Plan stays up to date and you don't miss out on new ways to grow your wealth.
When your Financial Plan is prepared and implemented, you are invited to join our Ongoing Care Program. Our Ongoing Care Program is designed to give you confidence and security, clarity and peace of mind when it comes to your finances - both now and in the future.
Your Financial Planner will provide you with detailed information about the services and fees that apply.
Contact here for more information.
Link Advice can offer retirement planning advice over the phone or face to face. Contact us here to find out more.
Not quite you?