Exact Solutions in Mornington, Victoria | Financial consultant

Exact Solutions

Locality: Mornington, Victoria

Phone: +61 3 5975 1224

Address: 6/356 Main Street 3931 Mornington, VIC, Australia

Website: http://www.exactsolutions.net.au/

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24.01.2022 I'm famous! Check out a recent interview with Linda from Your Admin

24.01.2022 It's important to recognise the level of risk your comfortable with for different investment types. . Some investors are risk averse and prefer to invest in safe, low risk cash and bank deposits. where the value for their money is unlikely to fall. Other investors may accept that the value of their money may go down over sort periods of time, but have the potential to earn a higher return over a longer period of time, if they invest in shares or property. .... If you are unsure of your risk preferences, or which way to invest, let's discuss the options and find the right strategies for you to build your wealth for the future. See more

22.01.2022 Like a new garden, your finances are sensitive to the environment and need your care and attention to flourish. With the right care, your finances have the potential for huge growth. Whatever stag of life you are in, and whatever you want to achieve, good financial advice can help you get there. Contrary to popular the belief that only well off, financially established people need advice - the earlier you start the more impact you can make! Financial adviser are equipped to p...rovide strategies for all ages and life stages. So what are you waiting for? Now is the time to get up and grow . Contact me via the 'call now' button or message me for a chat. See more

22.01.2022 As your business grows and you become more dependant on it to maintain your lifestyle now, it's important to start setting some planning for your future. ~ covering your business expenses if something happens to you or your partner ~ protecting your business against loss of a key person ~ covering your income in the event of illness or accident ~ protecting your family in the event of your death... ~ superannuation solutions for you and your employees ~ planning for the sale of your business. . Let's chat about your financial future for yourself and your business today, hit the 'call now' button or message me to set up a time to meet. See more

21.01.2022 Dreaming of your future? Let's turn those dreams into goals and make them happen. . Whatever you want to acieve in the long run, it's important to set some goals to help you get there. Before sitting with me, or your financial adviser, take time to visualise exactly what you want to accomplish from your planning. Be specific.... Do you want to retire at 60? Send your kids to a private school? Move to a bigger house? . Make your goals SMART: Specific Measurable Attainable Realistic, and Timely . Once you have set your goals, let's set up a time to talk through them and develop some strategies to help you achieve them. See more

21.01.2022 The investment world can change dramatically from one month to the next. But these secrets of successful investors never go out of style. Successful investing can be one of your biggest allies in the quest for long-term financial security. Unfortunately, unsuccessful investing can leave you wishing youd kept your money in the bank. So what are the secrets to making your investments achieve what you want them to achieve? Here are some of the tactics used by successful invest...Continue reading

20.01.2022 After a lifetime of working and wealth creation, you want to know that it is distributed according to your wishes. Many of us don't want to think about making a will or estate planning, but knowing that your loved ones are taken care of after you are gone is a great comfort. . Without adequate estate planning or a valid will you can expose your family and dependents to serious,unnecessary risks and burdens - such as your will being contested after your death, your loved ones ...having to administer your estate, your wishes not being legally enforced and the chance your dependents will not be looked after as you had wished. . Let's chat about your estate planning now to ensure your estate is managed according to your wishes in the future. See more

20.01.2022 The secret to a happy, long life: Exercise, Vegies ... and a Financial plan for your future. Invisible exercise: It is exercise that is a seamless part of your day, like walking to the shop, running around with the grandkids or an hour gardening Eating vegies: The vegetarians were right! Communities with the longest life expectancy eat a plant-based diet. And they eat slowly. ... Finding your tribe: Being surrounded by supportive friends can make all the difference Living with purpose: Having a reason for waking up everyday will not only make you happier but can add seven years to your life If you are living a healthy lifestyle surrounded by friends, you may want to consider your longevity risk. Longevity risk is the chance that youll live longer than you expected (hooray!) But if youre not prepared, you may outlive your insurance policy and you could even exhaust your retirement savings. Have you considered how many years youll live for? Is your investment portfolio structured to preserve capital for the long term? Have you reviewed any longevity-protection focused solutions?

18.01.2022 Why you should consider key-person insurance Some people are crucial to a business, but how would the firm cope if something happened to them? . The knock-on effects may include disruption and reorganisation of other staff, missed opportunities, delays or penalties for late delivery of projects, lost revenue, increased expenses, significant costs to find and train a... suitable replacement, loan repayment and even loss of the business. Understanding the actual cost of this situation and putting plans in place may help mitigate or even cover the entire risk. . What is key-person insurance? Key-person insurance is a funding solution to protect a businesss financial position against the significant impact of a traumatic event such as the death or disablement of a key person. Not sure if you need Key Person Insurance? Not sure how much? or how to go about setting up the right amount for your business? . Call me today and let's chat about the exact solution for your business needs : 03 5975 1224 or 0414909687 or [email protected] See more

18.01.2022 One life, let's make the most of it. . How you manage your finances in your 30's and 40's will make a huge impact on your future. What ever stage of life you are in, what ever you want to achieve, sound financial advice can help you get there. Contact me today and let's discuss what you want out of your financial future, and how I can help you get there.... . See more

18.01.2022 You may check out this mini website about the Federal Budget for more details: riadvice.com.au/budget2019

17.01.2022 A brief introduction to what we do ... Like our page for updates

16.01.2022 No matter what stage of life you are in, your insurance cover needs to reflect the cost of replacing everything you do. Many of us do not have sufficient insurance to protect ourselves and the ones we love. . We are here to help you manage your insurance needs: ~ Life insurance... ~ Total & Permanent Disability insurance ~ Trauma insurance ~ Income protection ~ Child insurance ~ Living expense insurance ~ Insurance through superannuation See more

13.01.2022 At Exact Solutions we help you make the most of your finances no matter what stage of life you are in . We do this by listening to you, understanding you and considering your circumstances. We then help you to establish goals, understand your financial planning options, implement a strategy, and enjoy your life. . We know financial advice is as much about lifestyle and relationships as it is about money thats why we pride ourselves on providing long-term, holistic advice.... . Pic credit: Mornington Peninsula family photographer Clare Kinsey Photography See more

12.01.2022 Transitiong to retirement? . Superannuation rules allow working Australians options in transitioning from work to retirement. If you have reached your preservation age (based on your date of birth), subject to the rules of your fundm you can draw on your super without having to retire from the workforce. .... This strategy is called Transition To Retirement. From 1st July 2017, investment earnings in a TTR account are taxed at up to 15%. Under these rules, even if you are are still working and under the age of 60, you can receive your superannuation as a non-commutable account based pension. This means you can choose between a range of pension payments until you are 65. . Talk to us about how to maximise your superannuation as you transition into retirement. See more

12.01.2022 At Exact Solutions, we are committed to financial equality. Did you know? ~ Women on average retire with only 50% superannuation as men ~ Around 90% of women will retire with inadequate savings to fund a comfortable retirement ~ On average, women retire earlier than men and live longer... ~ in 2010, 1 in 5 women had no superannuation at all . These statistics are a stark reality for many Australian women today. We are committed to improving equlity so that both men and women are offered the same financial advice to build and protect their wealth. See more

11.01.2022 Saving for your first home? Saving for the trip of a life time? Saving for that dream car / boat / retirement? Or just need to manage your money better? Check this out:... or call me https://www.moneysmart.gov.au//calculators-/budget-planner See more

11.01.2022 Small steps to great success If you want to get ahead, financially, it’s necessary to take some steps to get there. It may seem daunting and overwhelming but like anything, if you have a professional guiding you along the way, small steps can lead to something great. Step 1 | Seek advice It’s hard to achieve great success without a team of experts behind you and your wealth is no different. Getting professional financial advice means your adviser can work through a myriad of ...options with you and implement a strategy aligned closely to your financial goals. Retirement planning, tax-effective super strategies, investments and estate planning? Your financial adviser can help. Step 2 | Understand what role risk plays One of the first things your financial adviser will do is work out your risk profile, which they will check at regular review meetings. Why? Because risk is related to return, and this will help drive the recommendations they make to you in terms of your financial plan. Generally, the higher the risk, the higher the return. While some people like higher risk investments because they have the potential to deliver higher returns, others prefer less risky investments. It’s important to remember that markets are cyclical and shares are a long-term investment so if the market wobbles, your financial adviser is best placed to keep an eye on your investments and determine if they remain aligned to your overall financial strategy. Step 3 | Check your super Your superannuation could be your largest asset, other than your own home. Given it’s such a large sum that you have been contributing to for years and years, and you are relying on it to sustain you in your retirement, isn’t it something you want to get right? Sure, it’s a long-term investment, but it’s important that it is invested in-line with your risk profile and financial goals. And you DO have options. As well as your employer contribution, you can kick in a bit extra through salary sacrificing. Contributing more to super will not only boost your account balance, it could reduce the amount of tax you pay. Step 4 | Stick to a budget Sounds boring, right? But a budget is not boring, it’s empowering!! Setting a realistic budget helps you understand where your money is going, what can be trimmed and where you can invest to save for your future. Understanding your overall financial health and having a budget aligned to your financial goals gives you a real understanding of the benefits of working with a financial adviser. You can start to see a real change in your circumstances. Having a budget doesn’t mean giving up things you want, it just means you plan for them and you make sure you can afford them BEFORE you spend the money. Setting and sticking to a budget is really the simplest way to help you get ahead.

11.01.2022 Having enough in retirement At some point you will retire. Many of us hope that is sooner, rather than later. We hope that we can retire with enough life left in us to enjoy all the things that took a backseat during our working years. We want enough money to be comfortable and safe in the knowledge we wont run out of money and have to go back to work, unless of course we want to....Continue reading

11.01.2022 The urge to donate is strong in Australia, and its easy to make it part of your financial plan. An estimated 14.9 million Australian adults (80.8 per cent of the population) gave $12.5 billion to charities and not-for-profit organisations in 201516.... For many people donating comes as a response to a request from a charity, but if you feel strongly about a cause or providing ongoing help to someone less fortunate, why not budget for it? If you would like to make giving part of your financial plan, call me today and let's get the most out of your philanthropic efforts. Alex: 03 5975 1224 or set up an appointment: [email protected] See more

10.01.2022 Are you a super hero? or super zero? . Superannuation is something many of us don't think about enough. However your superannuation may be the most important source of retirement income. ... Retirement may seem a long way off, but now is the time to start thinking and actioning strategies for your future lifestyle. . We can help you with: ~ Investing your super for a comfortable retirement lifestyle ~ Choosing the right super fund ~ Consolidating your super ~ Calculating your super ~ Superannuation boosting strategies ~ Spouse contributions ~ Contributions splitting See more

09.01.2022 Considering investment strategies? . There are four main asset classes that you can put your money into. The return you achieve and the risk associated is different for each asset class. You can invest in... ~ cash ~ fixed interest ~ property ~ shares . We suggest diversifying across the different asset classes to provide more consistent overall returns, and it's a good way to reduce the risks associated with investing over short periods of time. . Let's chat about the best strategy for your investment portfolio See more

08.01.2022 Five tips for looking after your large households finances: Take the pain out of managing your familys finances. Taking care of household finances can be taxing, especially if you have a big family. But with proper planning and budgeting, theres no need to stress.... Here are some tips to help you effectively manage your household finances. 1. Examine your finances Sitting down as a family and figuring out how much money is coming in and going out may help you gauge the state of your familys finances. A clear picture of your household income and expenses could set you up to manage your cashflow better. 2. Rein in spending Keeping expenses under control can be tough in a large household. But if youre spending as much as or more than youre earning, you might want to consider limiting your familys discretionary costs by buying only what you can afford. 3. Set financial goals Setting financial goals as a family may help you work towards future aspirations instead of simply meeting current expenses. Whether its buying a bigger house or going on a dream holiday, having a financial goal may help your family set priorities and stay on track financially. 4. Keep a budget Keeping track of spending may help you to better manage your familys finances. By working with a professional financial adviser, you could create a budget that factors in not only income and expenses, but also your financial obligations. 5. Build up emergency and retirement funds Unplanned expenses such as unforeseen medical bills can put a dent in family finances. By growing your emergency fund to cover six months worth of expenses, you may be better positioned to handle unexpected events. While its easy to neglect your own financial future when providing for your family, saving for retirement should not take second place. Keep in mind that the earlier you start saving, the better chance you have to grow a sufficient nest egg. Working with an adviser Managing finances for a big family need not be a painful exercise. By working alongside with us to keep track of your spending, and discussing money matters and setting financial goals as a family, handling household finances is a task you can achieve.

08.01.2022 Investing at any stage in your life can help you grow your wealth and provide additional income streams. . Before you start investing, it is important to identify your financial goals - new home, bigger home, dream holiday or retirement. . Once you have defined your goals, we can help you choose the investment to suit your budget and lifestyle.

08.01.2022 Small steps to great success If you want to get ahead, financially, its necessary to take some steps to get there. It may seem daunting and overwhelming but like anything, if you have a professional guiding you along the way, small steps can lead to something great. Step 1 | Seek advice Its hard to achieve great success without a team of experts behind you and your wealth is no different. Getting professional financial advice means your adviser can work through a myriad of ...options with you and implement a strategy aligned closely to your financial goals. Retirement planning, tax-effective super strategies, investments and estate planning? Your financial adviser can help. Step 2 | Understand what role risk plays One of the first things your financial adviser will do is work out your risk profile, which they will check at regular review meetings. Why? Because risk is related to return, and this will help drive the recommendations they make to you in terms of your financial plan. Generally, the higher the risk, the higher the return. While some people like higher risk investments because they have the potential to deliver higher returns, others prefer less risky investments. Its important to remember that markets are cyclical and shares are a long-term investment so if the market wobbles, your financial adviser is best placed to keep an eye on your investments and determine if they remain aligned to your overall financial strategy. Step 3 | Check your super Your superannuation could be your largest asset, other than your own home. Given its such a large sum that you have been contributing to for years and years, and you are relying on it to sustain you in your retirement, isnt it something you want to get right? Sure, its a long-term investment, but its important that it is invested in-line with your risk profile and financial goals. And you DO have options. As well as your employer contribution, you can kick in a bit extra through salary sacrificing. Contributing more to super will not only boost your account balance, it could reduce the amount of tax you pay. Step 4 | Stick to a budget Sounds boring, right? But a budget is not boring, its empowering!! Setting a realistic budget helps you understand where your money is going, what can be trimmed and where you can invest to save for your future. Understanding your overall financial health and having a budget aligned to your financial goals gives you a real understanding of the benefits of working with a financial adviser. You can start to see a real change in your circumstances. Having a budget doesnt mean giving up things you want, it just means you plan for them and you make sure you can afford them BEFORE you spend the money. Setting and sticking to a budget is really the simplest way to help you get ahead.

06.01.2022 Prune, Adapt and budget: Managing the rising cost of living 1) Cut back on major expenses. You may want to trim costs in areas that, according to the ABS, account for more than half of Australian households weekly expenditure: housing, food and drinks, and transport.Do you really need a second car? Can you negotiate a lower mortgage rate with your lender? Paring discretionary expenses in these areas may result in big savings.... 2) Reduce your lifestyle costs While you dont have to give up all the things you enjoy, cutting down on, for example, your overseas holidays or dining out could go a long way towards reducing your costs. Savings in these areas may help you cover essential expenses or boost your nest egg and investments. 3) Create a budget To create a budget that factors in your income, expenses and financial obligations, it is recommended that you consult a professional financial adviser. Your adviser may also suggest ways to manage your costs and build up your savings. 4) Supplement your income If you have enough savings on top of your emergency fund, you may want to consider investing to grow your capital. Your financial adviser could recommend strategies to help you generate an income from your investments. The high costs of goods and services may affect your savings and lead to money-related stress. But if youre smart about your finances, you could keep your cost of living in check and remain financially secure. Call me today and let's chat about the exact solution for your needs : 03 5975 1224 or 0414909687 or [email protected].

06.01.2022 Break free from being asset rich and cash poor Here are four ways to try boost your income. Are you asset rich but cash poor? Youre not alone. Data from the Australian Bureau of Statistics shows that almost one-third of older Australians in low-income households were asset rich but cash poor. Most of their wealth was tied up in illiquid assets, in particular their home.... But you need not scrape by on so little. There are ways to try boost your income. 1. TAKE ADVANTAGE OF YOUR PROPERTY Selling up and moving to a cheaper house may free up money to help fund your retirement. But keep in mind that it might affect your benefits if youre receiving an age pension. Some of the proceeds from the sale might be counted as assessable under the age pension assets test, and this might lead to a drastic cut in your pension. 2. SUPPLEMENT YOUR INCOME Getting a part-time job could boost your cash flow if you are retired. But remember that working when you have become eligible for an age pension may reduce your pension amount. Discuss with your adviser how you might optimise your retirement benefits while working part time. 3. RENT OUT YOUR PROPERTY If you have extra space in your home, you may consider to rent it out? Or if you have another property, like a holiday home, you may look into listing it as a short-term rental? This could impact the tax you pay when you sell your home so you should seek advice on these strategies. 4. REVISIT YOUR INVESTMENTS Have you invested in securities? This may be a good time to meet with us to review your portfolio. Your financial adviser may recommend strategies and ways to reduce your exposure to risk and volatility. UNDERSTAND THE RISKS You dont have to be trapped in a situation where you are asset rich but cash poor. There are ways to boost your income, but keep in mind that some involve taking big risks. So seek financial advice from us to help you weigh your options and make decisions based on your situation.

06.01.2022 Five tips for looking after your large household’s finances: Take the pain out of managing your family’s finances. Taking care of household finances can be taxing, especially if you have a big family. But with proper planning and budgeting, there’s no need to stress.... Here are some tips to help you effectively manage your household finances. 1. Examine your finances Sitting down as a family and figuring out how much money is coming in and going out may help you gauge the state of your family’s finances. A clear picture of your household income and expenses could set you up to manage your cashflow better. 2. Rein in spending Keeping expenses under control can be tough in a large household. But if you’re spending as much as or more than you’re earning, you might want to consider limiting your family’s discretionary costs by buying only what you can afford. 3. Set financial goals Setting financial goals as a family may help you work towards future aspirations instead of simply meeting current expenses. Whether it’s buying a bigger house or going on a dream holiday, having a financial goal may help your family set priorities and stay on track financially. 4. Keep a budget Keeping track of spending may help you to better manage your family’s finances. By working with a professional financial adviser, you could create a budget that factors in not only income and expenses, but also your financial obligations. 5. Build up emergency and retirement funds Unplanned expenses such as unforeseen medical bills can put a dent in family finances. By growing your emergency fund to cover six months’ worth of expenses, you may be better positioned to handle unexpected events. While it’s easy to neglect your own financial future when providing for your family, saving for retirement should not take second place. Keep in mind that the earlier you start saving, the better chance you have to grow a sufficient nest egg. Working with an adviser Managing finances for a big family need not be a painful exercise. By working alongside with us to keep track of your spending, and discussing money matters and setting financial goals as a family, handling household finances is a task you can achieve.

05.01.2022 Exact Solutions, part of your community. Financial planning for all stages of your life.

03.01.2022 Make the most of your finances, at every stage of life At Exact Solutions we help you make the most of your finances no matter what stage of life you are in We do this by listening to you, understanding you and considering your circumstances. We then help you to establish goals, understand your financial planning options, implement a strategy, and enjoy your life. We know financial advice is as much about lifestyle and relationships as it is about money thats why we pride... ourselves on providing long-term, holistic advice. Our clients are so happy with our service, they refer their friends and family to us. Exact Solutions is a part of RI Advice Group, who has been providing financial advice to everyday Australians since 1979. If you would like to know more about RI Advice Group you can go to their website (www.riadvice.com.au/). See more

02.01.2022 We spend our life planning for what lies ahead. But its also important to plan what we leave behind. What if something were to happen to you? Would the people and possessions that matter most to you be well cared for? Where would all your hard-earned assets end up? How would your children or grandchildren manage their inheritances? These are questions many people dont like to think or talk about.... Combine money, love, relationships and family dynamics in one conversation and things are likely to get a little emotional. Add blended families to the mix and things may become even more impassioned. Thats why its important to develop a clear plan and talk through it with everyone concerned before its too late. A professional financial adviser can facilitate these discussions, help younger generations learn vital money skills and assist you in planning what you leave behind. Call today on 03 5975 1224 or message me and lets set up a time to discuss your plan behind See more

02.01.2022 Are there some simple ways to reduce the risk of dementia? The answer is yes. Here are five things you can do. Dementia is a devastating illness that affects one in 10 people aged over 65 but recent research suggests there are things you can do to reduce the risk of it happening to you.... 1. Stay mentally active People who have mentally stimulating jobs or hobbies during their lives have a lower chance of developing dementia as they age. The research suggests these challenge the brain, so its learning something new or different thats important, Dr Farrow says. 2. Stay physically active Studies show physical activity helps grow new brain cells and new connections between brain cells. It also boosts the levels of the chemicals that help keep brain cells healthy. Just 30 minutes a day of brisk walking is enough to have a significant impact. But exercising longer, or more vigorously, is better still. 3. Have a healthy, balanced diet While some research suggests eating foods high in omega-3 fats, such as oily fish, is important, Dr Farrow says the evidence is mixed. The most positive results point to fruit and vegetables, which are rich in antioxidants. 4. Stay socially active A large network of friends is not only good for your overall wellbeing, it also helps your brain. You have to think about what youre saying and understand what theyre saying, Dr Farrow says. You have to understand facial expressions and body language. Lots of different parts of your brain are working. 5. Watch your key numbers Keep your blood pressure, cholesterol and blood sugar levels in the healthy range. If your blood vessels in your body are unhealthy, theyll be unhealthy in your brain as well, Dr Farrow says. This means your brain cells get damaged and die, which affects your thinking ability. Its also best to start early as research shows that the disease process that causes dementia begins decades before it manifests. Even so, its never too late to switch to a healthier lifestyle. . . . . . Sources: Brown, Prof. L., Hansnata, E. and La, H. A. (2017), Economic Cost of Dementia in Australia 2016-2056. Report commissioned by Alzheimers Australia and developed by the National Centre for Social and Economic Modelling at the Institute for Governance and Policy Analysis at the University of Canberra. Sourced from: https://www.fightdementia. org.au//Theeconomic-cost-of-dementia-in-Australia2016-to-2 Rehbin, A. (2013), Speaking with cognitive Neuroscientist Dr Maree Farrow, The Australian Hospital & Healthcare Bulletin. Sourced from: www.hospitalhealth.com.au/ content/aged-allied-health/article/speakingwith-cognitive-neuroscientist-dr-mareefarrow-282646186.