At People's Choice, our Financial Planners can help you manage your financial planning through life stages and put strategies in place that are tailored to you.
Whether you're saving for a home, starting a family, building an investment portfolio or preparing for retirement, financial planning can help you meet short, medium and long-term goals.
Life stage: Starting out
Buying a carBuying a car is a big purchase you'll likely make at some point in your life. You might have a myriad of questions such as: Should I buy it outright? Do I take out a lease or loan? What about car insurance? We can help you answer those questions and choose the option that's best suited to your financial nee
Saving and budgeting
Learning how to budget and save money can lay the foundation for long-term financial success. If you're trying to stick to a budget or you're wanting to put money away into your savings account, a financial plan can help you understand your spending habits and get your money working harder for you.
Starting a job
If you're starting a new job, the amount of money coming into your account will likely change. A Financial Planner can help you navigate this new income and any expenses that come with it.
Buying my first homeIt's no secret that buying a home can be a daunting and expensive experience. If you're a first home buyer, a Financial Planner can help you determine how much you can afford, whether you're ready and how it might affect your future financial position.
Life stage: Young professionals with no dependants
Building an investment portfolio
If you're ready to build on your wealth and start investing your money, a Financial Planner can propose investment options based on your current situation and future financial goals.
Being prepared for the unexpected
By this life stage, you've probably learnt that things can change quickly and unexpectedly. Through things like personal insurance, financial planning can help you develop strategies to help protect you should an unexpected event occur – such as losing your job or an emergency.
Getting serious about superannuation
With the pension age rising, it's never been more important to get your retirement savings underway. A Financial Planner can help you with retirement planning, maximising your superannuation contributions while you're working, and identifying the concessions that may be available to you now and in the future.
Life stage: Young families
Asking the hard questions
If you had an accident or became seriously ill and were unable to work, would you have enough savings or insurance? If you needed extensive medical treatment or modifications to your home, could you afford the unexpected costs? If you passed away, would your family cope financially?
Along with insuring your home and your car, you can also insure your ability to produce an income, giving yourself both financial security and peace of mind. There are generally three main considerations: insurance to cover your debts so they're not passed onto your family; insurance to cover medical expenses and short-term drops in income; and, if your income is important to your family's lifestyle, insurance to provide an income stream if you can no longer work.
Life stage: Established families – pre-retirement
Planning for retirementSure, there's a lot to consider when you start preparing for retirement . You may be looking at downsizing your home, selling your business, preparing your inheritance or planning a well-deserved retirement getaway. Financial Planners can help you understand all your options so that you can enjoy the retirement that you deserve.
Estate planning involves making sure you have accurate documentation that reflect your current wishes, should you pass away. Our Financial Planners can introduce you to our professional contacts if you need a new will and advise on how to ensure your intentions are met as tax effectively as possible.
If you're facing debt, building a strategy and designing a budget to pay off your debt faster can help keep you on top of your money, so you can continue working towards your financial goals.
Becoming a grandparent
If you're becoming a grandparent for the first time – congratulations! We can help with financial advice on how you can support your grandchildren now and/or in the future.
Life stage: Retirement
Pensions are a lot more than just the Age Pension provided by the government. The term refers to a range of income streams that have several features and benefits. Your Financial Planner can advise you on how you may be able to use these to maximise the income you receive in retirement.
The transition to aged care for yourself or a loved one can be an emotional time. People's Choice Financial Planners can help support you through this period with tailored personal advice. Preparing for the transition to aged care can help to ensure the best possible care is available with minimal financial implications.