First Pacific Financial Services in Melbourne, Victoria, Australia | Financial consultant

First Pacific Financial Services

Locality: Melbourne, Victoria, Australia

Phone: +61 3 9820 0284

Address: U624, St Kilda Rd Towers, 1 Queens Rd, 3004 Melbourne, VIC, Australia

Website: http://www.firstpacificfs.com

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25.01.2022 An offset account is a transaction account that is linked to your home loan and the money you deposit in it offsets the loan balance before interest is calculated. For example, if you owe $400,000 on your home loan and have accumulated $50,000 in an offset account, interest will be calculated on $350,000. Click on the link below to find out more. https://www.firstpacificfs.com//Offset-accounts-A-better-w... #financialplanning #financialplanningjourney #financialplannermelbourne #certifiedfinancialplanner #financialadviser #melbourne #retirementplanning #superannuation Charles Choong

25.01.2022 Diversification is crucial to reducing the volatility of investing. Often described as not putting all your eggs in one basket, Its about spreading your risks. #diversification #financialplanning #charlesChoong #financialplanner Charles Choong https://www.firstpacificfs.com//What-is-diversification-in

24.01.2022 Consistency is the key to financial success. To be consistent you need to have a clear, realist and achievable goal and objective. #financialplanning #thursdayquote #financialquote #quoteoftheday #financialsuccess Charles Choong

23.01.2022 We are Moving ~ Starting from 28/08/2019, our new address is Unit 624, St Kilda Rd Towers, 1 Queens Rd, Melbourne, VIC 3004

22.01.2022 What really shapes Australian retirement? Does the lump sum make the biggest difference? Can we anticipate what well spend during life after work? NULIS Nominees (Australia) Limited (NULIS) has been examining some of the accepted wisdom about the average retirement and how much money you need. As a result, NULIS commissioned its own research from actuarial firm Milliman and found some surprising things we want to share with Australians planning for life after work, and th...e advisers who help them. Milliman reviewed the spending patterns, behavior and trends of Australian retirees over the past 20 years, using innovative analytics to develop the kind of real insights that will help our ageing population make meaningful plans for retirement withgreater knowledge and confidence. Its time for a new discussion. The MLC 20:20 Retirement Report is the first paper in a series of four that focuses on lifestyle spending. While there are industry standards used to determine what savings people need in retirement, we want to provoke deeper discussion on one of Australias most pressing generational issues. Thats why Milliman has used extensive research expertise to drive insight about individual needs beyond the default averages most people are aware of. So lets get real about what matters in retirement, what it might look like and what it might cost: https://www.firstpacificfs.com//Every-retirement-is-differ Charles Choong #charleschoong #firstpacificfinancialservices

21.01.2022 One of the joys of getting older apart from wisdom and grand kids, is the ability to tap into a whole raft of benefits that let seniors enjoy more for their money. https://www.firstpacificfs.com//2019/02/25/Benefits-for-se #retirement #socialbenefitsforseniors #financialplannermelbourne #firstpacificfinancialservices #seniors #aging #retirementplanning #commonweathhealthcard #pension Charles Choong

21.01.2022 Dont sail out farther than you can row back. This Danish saying is sound advice for anyone thinking of borrowing to buy a home. #mortgage #buyinghome #housingloan #keytodestress #financialadvise #financialplanning #homeloan... https://www.firstpacificfs.com//Keys-to-de-stressing-a-mor

21.01.2022 10 quotes from banking legend JP Morgan to inspire the visionary in you. 1. You cant unscramble eggs. 2. You cant pick cherries with your back to the trees.... 3. When you expect things to happen strangely enough they do happen. 4. Go as far as you can see; when you get there, youll be able to see farther. 5. A man generally has two reasons for doing a thing. One that sounds good, and a real one. 6. No problem can be solved until it is reduced to some simple form. The changing of a vague difficulty into a specific, concrete form is a very essential element in thinking. 7. Money equals business which equals power, all of which come from character and trust. 8. The first thing (in credit) is character before money or anything else. Money cannot buy it. 9. If you have to ask how much it costs, you cant afford it. 10. The first step towards getting somewhere is to decide that you are not going to stay where you are. #jpmorgan #financialplanning #superannuation #christmasiscoming #inspiringquote #tumbler #fundmanager #charleschoong #giftfromboss #wednesday

20.01.2022 Merry Christmas & Happy New Year 2020! Thank you for your support throughout 2019. First Pacific Financial Services would like to take this opportunity to wish you and your loved ones peace, health, happiness, and prosperity in the coming New Year. Wed also like to advise our offices will be closed from Monday, 23 December 2019 and will re-open on Monday, 6 January 2020.... Charles Choong #merrychristmas #happynewyear2020

19.01.2022 Superannuation: is it time to review your investments? #superannuation #investments #investmentmenu #marketdirection #review #portfolioreview #investmentoptions #assetallocation #charleschoong https://www.firstpacificfs.com//Superannuation-is-it-time-

19.01.2022 Federal Budget SUMMARY 20192020 Superannuation: From 1 July 2020, if youre aged 65 or 66 then: Youll be able to make voluntary super contributions ... without meeting the work test; and You can make three years worth of non-concessional contributions (currently capped at $100,000 a year) in just one year. From 1 July 2020 there will be an increase to the age limit for spouse contributions from 69 to 74. Tax: There will be increases to the Low and Middle Income Tax Offset for this, and the next three financial years. From 1 July 2024, there will be a reduction in the 32.5% marginal tax rate to 30%. Aged care: A record $21.6bn has been allocated towards providing higher quality aged care. Other: For 3.9 million Australians, a one-off, income tax exempt payment of $75 (for singles) or $125 (for couples) to help with the next power bill. #federalbudget #financialplanning #financialadviser #taxplanning #superannuation Charles Choong

19.01.2022 Are you considering retiring? Click on the link below to find out some tips for retirement planning. #retiring #planbeforeretire #retirelifestyle #financialplanning https://www.firstpacificfs.com//Are-you-considering-retiri

19.01.2022 If youre experiencing financial difficulty if youve taken some hard knocks then youll know how quickly things can spiral. We look at five ways you can take charge. Click on the link below to read the full articles on what to do when things dont go to the plan. https://www.firstpacificfs.com//When-things-dont-go-to-plan... #financialplanning #financialplannermelbourne #chaleschoong #financialadviser #certifiedfinancialplanner #melbourne #investmentadvice Charles Choong

18.01.2022 https://www.smh.com.au//leaving-a-lasting-legacy-20200317-

17.01.2022 Budget 101: Working out your income and expenditure Working out a realistic budget is a great way to take control of your finances. Although it may seem like a chore, its the crux of sound and sustainable financial management. In this article we look at how to do the numbers. #financialplanning #incomeandexpenses #financialadviser #financialplannermelbourne #CharlesChoong Charles Choong... https://www.firstpacificfs.com//Budget-101-Working-out-you

15.01.2022 A helping hand for the grandkids. Is it a right decision? #thinkitthru #windfall #heritance #estateplanning #educationfund #investmentbond #taxplanning #bettertoteachthemtofish #retirementlifestyle Charles Choong... https://www.firstpacificfs.com//Helping-the-kids-and-grand

15.01.2022 Christmas is a wonderful time of year! The countdown to Christmas is well and truly underway. As much as we love big feast and bottomless glasses of exotic beverages, Christmas can be stressful - not least because when you add it all up, its a super expensive time of year.... #christmas #santaclausiscomingtotown #festiveseasons #happyholidays #budget #financialplanning #melbourne #financialplannermelbourne #charleschoong Charles Choong Click on the link to save yourself this Christmas! https://www.firstpacificfs.com//12-money-tips-for-Christma

11.01.2022 Many opinion pieces and financial articles have been written with handy tips to help invest your money. An issue with many of these is that the people reading them are, in all likelihood, of different ages and at different stages of life. With this in mind weve broken down each decade to help you understand some of the financial considerations. Click on the link below to find out more:... https://www.firstpacificfs.com//What%E2%80%99s-your-invest #investment #wealthmanagement #superannuation #investmentideas #financialplanner #melbourne

10.01.2022 Merry Christmas & Happy New Year 2019! Charles Choong and First Pacific Financial Services would like to take this opportunity to wish all our valuable clients and lovely friends a safe and happy festive season and a prosperous New Year.... Wed like to advise our offices will be closed from Monday, 24 December 2018 and will re-open on Monday, 7 January 2019. #seasongreetings #firstpacific #firstpacificfinancialservices #charleschoong #happynewyear #merrychristmas #financialplannermelbourne Charles Choong

10.01.2022 https://www.abc.net.au//covid-19-a-blow-for-many-/12386176

09.01.2022 What should I do with a sudden windfall? Pay off debt? Build up your super balance? or Diversify your investments. #windfall #financialplanning #howtoinvestalumpsum #suddencash #financialadviser #fundmanagement #windfalltips #payoffdebt #buildupsuperbalance #diversityyourinvestment Charles Choong ... https://www.firstpacificfs.com//Tips-on-what-to-do-with-a-

08.01.2022 Our financial adviser - Charles Choong CFP is a tax (financial) adviser who registered with the Tax Practitioners Board (TPB) since 30 September 2014. #taxadviser #taxplanning #taxinsuperannuation #taxissues

06.01.2022 Understanding Estate Planning An effective estate plan includes tax effective Wills to protect your estate and the interests of your beneficiaries in the event of your death. Jointly held assets, trust assets and superannuation however, are not necessarily dealt with by the terms of the Will. These are usually considered non-estate assets for estate planning purposes.Note there may be specific State legislation that classifies non-estate assets as notional estate for the ...purposes of a family provision challenge. It is therefore important to have considered a comprehensive estate plan to ensure all assets are transferred according to your wishes in the most effective and efficient manner. #Financialplanning #Estateplanning #Superannuation #FinancialplannerMelbourne #FirstpacificFinancialServices Charles Choong https://www.firstpacificfs.com/single-post//ESTATE-PLANNING

06.01.2022 Retirement is not only a time to relax it can also be a journey of self-discovery. By facing your fears now and overcoming them, you can pave the way for a more rewarding future. Here are four of the most common retirement fears and some tips for dealing with them. #retirementfears #retirementplanning #financialplanning #charleschoong #melbournefinancialplanner ... https://www.firstpacificfs.com//Four-common-retirement-fea Charles Choong

06.01.2022 Want to help boost your retirement savings while potentially saving on tax? Here are five smart super strategies to consider before the end of the financial year. #smartsuperstrategies #EOFY #financialplannermelbourne #melbourne #russellstreet #financialplanning #charleschoong #CFP #firstpacificfinancialservices Charles Choong https://www.firstpacificfs.com//Smart-super-strategies-for

04.01.2022 You need to have a financial plan. But a plan doesnt do you any good if you dont keep it updated. A financial plan is a living document your life keeps changing, and you plan should change to reflect that. #financialplan #financialplanning #financialplanner #melbournefinancialplanner #moneymatter2019 #planahead #firstpacificfinancialservices #PIS ... #CFP Charles Choong https://www.firstpacificfs.com///12/Money-matters-for-2019

04.01.2022 A Power of Attorney is a formal legal document in which an individual (the Donor) appoints another individual, individuals or a company (the Attorney) to act on their behalf. A Power of Attorney is sometimes referred to as a Living Will as it gives the Attorney complete authority to act on the donors behalf in any business decision or transaction that the Donor would normally undertake themselves. #estateplanning #financialplanning #financialadvisermelbourne Charles Choong http://www.firstpacificfs.com//20/03/26/POWERS-OF-ATTORNEY

04.01.2022 Now you have a clearer picture of your investment life-stage risk (check out our previous post if you arent sure). Here are some of tips on how to make good investment choices. Click on the link below to find out more. https://www.firstpacificfs.com//How-to-make-good-investmen... #firstpacificfinancialservices #financialplanning #investmentplanning #goodinvestmentchoices #investmentideas #melbourne #financialadviser #holistic

03.01.2022 New Years resolutions Top 5 tips to achieve your money goals in 2019! Take control of your future by setting some financial goals this year. Here are some top tips from moneysmart to help make 2019 your best year yet.... Make a plan for your money Home in on your savings Knock out your debts Take charge of your super Invest in your future #newyearresolutions #achieveyourmoneygoals #2019financialplanning #startplanningnow #financialplannermelbourne #superannuationinvestment #charleschoong #CFP Charles Choong Source from www.moneysmart.gov.au/tools-and-res//new-years-resolutions

02.01.2022 Black Friday Sale is here! Spend smarter and dont be blinded by the advertising bonanza. It can be a great avenue to save, but if utilized incorrectly it can be a BLACK HOLE for your savings account. Australian consumers also need to be cautious as scam artists/hacker kick into full gear for the Black Friday and Cyber Monday shopping event. our financial adviser Charles Choong warn. ... #blackfriday #cybersecurity #awareness #financialplanning #wisespending #blackhole #spendsmarter

02.01.2022 Early planning can take away a lot of the stress and uncertainty that can arise when considering aged care at home or a residential aged care facility. The first option that probably comes to mind is a residential aged care facility. These facilities provide accommodation and care depending on your personal needs. Care can range from personal care, such as help with showering and dressing, together with occasional nursing care to continuous nursing care for those with a great...er degree of frailty. What you may not realize, however, is that there are also Home Care Packages that provide access to services that can help you to stay at home for as long as possible. Support services may include cleaning, meal preparation and transport for shopping appointments. Visit our website for more info: https://www.firstpacificfs.com//Plan-ahead-for-the-aged-ca

02.01.2022 Budgeting 102: Its also common to put off budgeting until you have some money. And how easy it is to let things slide? But when we finally get around to working out a decent, detailed budget the jobs not done. Now the hard work begins. Click on the link below to find out the five tips to help you stick to your budget. ... https://www.firstpacificfs.com//Budgeting-102-Sticking-to- #budgeting #financialgoals #financialplanner #financialadvisermelbourne #charleschoong Charles Choong #firstpacificfinancialservices