When many people think about financial planning, they think it’s all about savings and investments, but there are many other facets that everyday Australians need to take into account when considering their overall financial situation. With statistics that include 40% of men and 25% of women tipped to suffer a traumatic illness between the ages of 34 and 64 and household debt having tripled over the last 25 years, as we head into Financial Planning Week commencing Monday 21st August, 2017, there has never been a better time to consider your financial future.
Seeking financial advice may not be as overwhelming as you think and good advice really can help you make the most of your circumstances.
Seeking expert advice now could make an enormous difference to the lives of most Australians in the future. Everyone’s circumstances are different, so it is important that your financial adviser understands your personal financial goals, whether that includes freedom from debt, access to cash for discretionary spending, growing and protecting your wealth, or planning for retirement.
All too often we see people suffering financial difficulty which in many cases may have been avoided through financial planning strategies which can help to safeguard your financial position.
When you consider some of the financial realities we face in Australia, it highlights the need for professional advice.
These statistics provide compelling reasons to seek professional financial advice.
What you can do
A comprehensive financial plan is as much about protecting your wealth as it is about wealth creation. Seek professional advice to investigate appropriate levels of personal insurance cover for your circumstances, including Life Insurance, Trauma Insurance, Income Protection Insurance and Total and Permanent Disability Insurance (TPD).
All Australians should have access to sound financial advice to help plan for financial goals at every stage of life.
Financial Planning week runs from Monday 21 August to Sunday 27 August 2017.
Financial Planning Association of Australia says that “Financial Planning Week is designed to show Australians of all ages that professional financial advice can help them achieve their short term goals and secure their financial future. It also aims to demonstrate the positive impact that financial advice can have on their wellbeing, eliminating the view that financial advice is only for the wealthy.”
This Financial Planning Week, take the time to seek advice. It really could change your life, for the better. Contact Sandy on (02) 6884 2222 or email firstname.lastname@example.org.
Sandy Dunshea is a financial adviser with Fortnum Dubbo. Fortnum Dubbo and its advisers are Authorised Representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306 trading as Fortnum Financial Advisers.
The information (including taxation) contained within this document does not consider your personal circumstances and is of a general nature only - unless otherwise stated. Fortnum Dubbo strongly suggests that you should not act on it without first obtaining professional advice specific to your circumstances.
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1 Gen Re Australia 2009. Australian Critical Illness Survey 2008: a study of claims experience in 2001 to 2005.
3 BankWest Curtin Economics Centre – Household Savings and Debt in Australia Report – June 2015 (page iv & 12)
4 Reserve Bank of Australia – Australian Credit and Debit Card Statistics Report December 2015
5 BankWest Curtin Economics Centre – Household Savings and Debt in Australia Report – June 2015 (page 14)
Fortnum Dubbo and its advisers are Authorised Representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306 trading as Fortnum Financial Advisers.
The information contained within this website 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. This website holds information for Australian Residents only.