FinChoice Financial Planning in Geelong, Victoria | Insurance broker

FinChoice Financial Planning

Locality: Geelong, Victoria

Phone: +61 419 017 045

Add/Update information

Reviews

Tags

• Investing service
• Financial planner
• Insurance broker

25.01.2022 It is so important to have a current and valid Will. We can assist in helping you prepare.

25.01.2022 Defy financial gravity and have fun doing it with Mortgage Choice Financial Planning. Dont be weighed down by financial commitments. Be better at financial management.

24.01.2022 Caveat Emptor - Buyer Beware. Only use a licensed financial planner. Unlicensed advisers avoid regulation and consumer protection laws. For your own financial protection, before you get advice (and pay any fees) ask for your advisers Financial Services Guide and their Australian Financial Services License (AFSL) number.

24.01.2022 The importance of a well prepared estate plan cannot be understated. Estate planning is about much more than preparing a Will. The proceeds of your superannuation fund and any life insurance policies do not automatically make up part of your estate. Do you know where your money is going? If you are not sure how to start, get in touch and we can have a chat.

24.01.2022 Heres the latest daily update from the Department of Health on coronavirus in our country. We now have a total of 6447 cases across Australia, but over 57 per ...cent of those have now recovered. Sadly, 63 people have died. We have one of the best testing regimes in the world and are working to ramp that up even more. Currently over 371,000 tests have been completed, and only 1.7 per cent of those have tested positive. This update is published every day on the Department of Health website: www.health.gov.au. Weve got a lot of challenges ahead of us in our fight against this virus. But were all working together to address them and work our way through this as well as our way out of it.

23.01.2022 You wont know how much better off you could be if you dont get advice. There is no charge for initial appointments, which means, it will only cost you, your time.

22.01.2022 RBA drops official cash rate to 0.5% to try and offset the economic damage caused by the Coronavirus.

21.01.2022 Final report into the Banking Misconduct Royal Commission is due in less than a fortnight. Add to that, an early Federal Budget with a strong indication of a budget surplus. This little financial nerd is giddy with excitement!

20.01.2022 I read a facebook post that said the New Year starts on 1st Feb and January is the trial month. With that in mind, please find below Shane Olivers lessons from 2019 and where he thinks economics is going in 2020.

20.01.2022 The Coronavirus is causing a lot of angst, which is reflected in volatile market movements. This is a good article from Dr Shane Oliver, Chief Economist for AMP, summarising what markets can expect from the Coronavirus, based on past pandemic experience.

19.01.2022 Pat Cash is a great speaker to close the Mortgage Choice conference.

19.01.2022 If you are ever in doubt about an investment, please seek qualified advice.

18.01.2022 There is a lot of confusion about the temporary relaxing of some regulations regarding SMSF management during the Covid19 crisis. This article reminds SMSF trustees that the obligations still exist. I recommend all SMSF trustees to visit the ATO website to get the facts. Being a SMSF trustee is not easy, and you cannot outsource your trustee obligations.

18.01.2022 Teaching children about finance is not the job of schools or banks. It is a lifelong learning experience for all of us, and our educators range from family, friends, mentors, experts, advisers, teachers, and most importantly, experience. The key is to normalise speaking about money, as we do the weather and sport.

17.01.2022 This is a good update on the economic impact of the Coronavirus.

15.01.2022 Climbing the walls in self isolation? Use this time to get your life goals in order, understand finance, and set yourself up for success.

15.01.2022 "A man is not a financial plan". I love this saying. There is so much women can do to increase their savings, both now, and for retirement. You just need to take that first step, and realise that you are worth it.

15.01.2022 Covid19 has brought with it a great deal of stress and change in our community. You do not have to carry the weight alone, and it might be time to get a Financial Health Check. Good financial advice can ease the stress you may be feeling. Just knowing you are on the right track can bring you peace of mind. We cover the cost of the first appointment, so it will only cost you, your time.

14.01.2022 Superannuation is super awesome! If you dont believe me, get in touch. Ill have you wanting to check your super balance more often than your Facebook status.

14.01.2022 In an attempt to fend off a Coronavirus recession, the Government has come out on the front foot with a much needed fiscal stimulus package.

13.01.2022 It is Budget Night tonight. I will be watching closely and posting a summary tomorrow. This may go down as the most important Federal Budget in our lifetimes. The Government's ambitions for a budget surplus is as long-forgotten as my ambition to be Governor of the RBA. Traditional ideology has been replaced with a bare-knuckled fight for economic survival. This will probably be the most exciting night of my 2020, which may seem weird to you, but your financial planner should be "Big Kev" excited.

13.01.2022 We are offering financial planning meetings via Zoom and other virtual meeting services, so you can keep your financial goals on track in the comfort of your own home. We cover the cost of the first interview, so it will only cost you your time. Do something great for yourself, and get in touch today.

12.01.2022 Currently listening to the wise words of Bernard Salt at the Mortgage Choice national conference. Here are the buzz acronyms for 2019: PUMCINS (Professional Urban Middle Class In Nice Suburbs), NETTEL (Not Enough Time To Enjoy Life), KIPPERS (Kids In Parents Pockets Eroding Retirement Savings), LOMBARD (Lots Of Money But A Real Dickhead). Enlightening and entertaining.

12.01.2022 The Government is working to protect Australian businesses and individuals from the health and economic crisis caused by Covid19. This is a summary of initiatives which you may be entitled to. Dont waste this crisis. Get some advice on how best to protect and improve your situation.

11.01.2022 Pat Cash - talking about how success requires a team effort.

11.01.2022 This is an interesting wrap up of the year almost finished and the one about to start.

11.01.2022 Here it is. The final report from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services industry. Some say that a few recommendations go too far, and others say the Royal Commission didnt go far enough. I think, it is a good start. My hope is that the nuggets of good sense do not collect dust on the shelf, whilst politicians argue who has the higher moral ground, and then back-pedal out of action, once they have actually read the report and digested the full impact of the recommended changes. It is of vital community importance, that the quality of the entire financial services industry is improved.

09.01.2022 Great One Page Summary of the Fed Budget for 2019

08.01.2022 If you worry about money and think you could be doing better, why wouldnt you seek financial advice? Most financial advisers cover the cost of the first appointment, so it will only cost you your time. That appointment could save you stress, time, and money and give you back the freedom and confidence to live in financial security. Make contact with a licensed financial planner, and see the results yourself.

08.01.2022 Have you ever watched the scary part of a film between your fingers as you cover your eyes? That is how I remember this week, 10 years ago, as everyone in finance stared at gloomy screens watching in disbelief as the ASX All Ordinaries slid towards 3000 and overseas markets lost billions on a daily basis. The news from the US was scripted for a financial horror movie, as international titans of finance didnt just suspend their funds, they collapsed completely, and the shoc...k waves were felt around the globe. For investors and advisers who entered the investment market over the last 10 years, they have seen pretty good performance. Recovery growth has been kind, across industries and countries and they sometimes disregard the global financial crisis (GFC) as "over-blown" and not really a problem for Australia. It was. Many people lost a large portion of their savings and superannuation as the Bull was beaten soundly by the Bear. Although market volatility is a constant we live with, I hope the transparency of investments are now such, that the greed-driven, scandal-ridden manufactured financial crisis of 2008 is never repeated. It is one of the reasons I am such a fan of the current Royal Commission into Banking and Finance. More regulation may mean I am bogged down in administration and reporting, but it if prevents corruption and a complete disregard of investors by the finance industry, it is a great thing. Enough gloom. Look at where we are now. Market growth has recovered losses and, in many sectors, the growth is beyond the giddy heights of 2007. The difference is, ten years on, we are more cynical investors and advisers. Not quite so ready to believe a fund managers rose-tinted view of the world. More inclined to value liquidity and flexibility. Happy to take risk for growth, but not excessively. The next global financial crisis is not around the corner, just because it is 10 years since the last one. However, there will inevitably be another financial crisis, and we will be better prepared, because of what we have learned. If you want a review of what your money is doing, contact me on 0419017045 or at [email protected]. I am here to help, not just with navigating the economic cycles, but with ensuring that your current financial strategy suits your current lifestyle and your future goals.

07.01.2022 It is that time of the year again. Not sure if the Federal Budget will draw the tv viewing public away from the MAFS reunion episode on channel 9, but I will be watching it with excitement! I will follow up with a Federal Budget update tomorrow.

06.01.2022 Myth Busting the proposed Franking Credit Refund policy Trying not to get political, but the proposed changes to franking credit refunds are not just targeting "the rich". On the contrary, wealthy people generally pay tax, even in retirement, and so they would have an income tax liability against which imputation credits could be used. It is low-income earners, who dont pay tax, who will be most impacted by this proposed change in policy, including new pensioners, self-fun...ded retirees, and young people, who may have had shares purchased for them, instead of given pocket money. The article below, written by Robert Gottliebsen, explains how the proposed policy will impact many more than the supposed "rich hit-list". Another claim is that "if you dont pay tax, why should you get a refund?". What if you started working in a job, earning $90,000 a year. The tax you would expect to pay over that year, and what your employer would collect on your behalf from your regular pay packet would be $20,797 pa, plus medicare levy. However, what if you only worked for three months in this job, and then didnt work for the rest of the year, effectively earning $22,500 pa? What tax should you pay? Should it be $5,200, because that is what was collected from your employer, or should it be $817, which is the applicable tax charge for someone earning $22,500 pa? If you think that the employee in this illustration, who only worked for 3 months in the year and therefore only earned $22,500 is owed a refund of tax of $4,383 (the difference between the $5,200 collected and the $817 tax due), why would it be different for a low-income earner, whose share dividend is subject to the company tax rate, an effective rate of 30% (collected on their behalf) but whose marginal tax rate is less, or nil? Shouldnt these low-income earners also be entitled to have their earnings taxed at their actual marginal rate and not the corporate tax rate? Perversely, if you were earning enough to have to pay tax, under the proposed policy, you would be able to use your imputation credit to offset your total tax liability. Therefore, wealthier people are not impacted by this proposed policy, it really is just targeting low-income earners. How bizarre.

05.01.2022 APRA is using evidence uncovered during the Banking Royal Commission to investigate dubious activities from well known superannuation funds.

05.01.2022 There are times and circumstances when a Self Managed Superannuation Fund (SMSF) is a great financial solution. However, this is not always the case, and they are not for everyone. Before you stoke the ego of your "inner Warren Buffet" take a quick look at this article from the ATO to test your appetite for what is actually required to hold and operate a SMSF.

04.01.2022 The challenge is not to change the roles that women choose to take in society. Choosing family over employment is a reality in many womens lives. However, the financial sitution could be improved if, from a much earlier age, women contributed more to superannuation. By contributing more to super in your teens or twenties, you will reduce the negative impact that taking a "work break" in later years will have on your retirement savings. Dont preference "saving for a house deposit" over "saving for retirement". Do both, and be wealthier as a result.

03.01.2022 Financial planning doesn't have to be complex and boring. It should be an exciting roadmap enabling the life you want to lead. Give it a go.

03.01.2022 Wishing you all a happy, healthy and prosperous 2019. Happy New Year!

03.01.2022 For those looking for more detail from the Fed Budget 2019/20 update. Have a look at this summary from Macquarie. Very good read. Please get in touch if you want to discuss your personal situation in greater detail.

01.01.2022 Getting good advice about personal insurance is so important. Some policies I see are not worth the paper they are written on. People take on these policies, usually without appropriate advice, because they appear "cheap" and easy to apply for. Like most contracts, the devil is in the detail. The article attached here illustrates two such examples. It is by no means the fault of the client, it is the lack of good advice, that is so disappointing. Many times, clients I ...Continue reading

01.01.2022 This is a terrible story about a young person, whose inexperience and lack of knowledge when trading, led to a tragic end. Please, do not get sucked into cheap online, no-service platforms, or hype that is based on short-term market manipulation rather than good value. Get qualified advice. Please, just get advice.