Over the years the government has been transferring retirement responsibility from them to you.
Where previously the Age Pension and perhaps a Defined Pension were the key financial issues, more and more retirees are now in charge of managing substantial capital and investments, and now will have to be ahead of all the new rules such as caps and balances. Penalties can be severe and costly for errors, particularly with SMSFs.
We attend the Chief Economist Forum each year to hear the industry experts. As we were hearing from the gurus in our industry, the news of the US market having a significant fall was arriving in our phone notifications, as we all had expected they would.
It is no secret that our Managing Director and Principal Financial Adviser has dedicated herself to and made a huge impact on her profession. This year in particular we wish to congratulate Michelle on:-
Being awarded the Independent Financial Adviser (IFA) Goals-Based Adviser of the Year 2017
Being named among the Financial Standard Power 50 - The 50 most influential advisers in Australia.
Last night the Federal Government handed down the 2017-18 Federal Budget.
This year’s budget was not expected to be one of great change for most investors and clients (thankfully as we are still dealing with the superannuation changes from the last budget that will be implemented in July 2017) and lived up to these expectations in most areas.
We have reviewed the Budget and prepared a summary of the key measures to be considered.
As we approach the end of 2016 we would like to comment on the state of the markets. A few weeks after the US Presidential Election, and having time to reflect on Donald Trump’s seemingly ‘improbable’ victory, love him or hate him, it is effectively middle America’s retribution against the political establishment.
The May Budget handed down significant superannuation changes. In taking the time to dig deeper we have understood better the effect these proposed changes have on each of our clients. We are addressing the impact of these proposed changes to your financial position and your overall Financial Plan.