Full Circle Financial Planning Services in Berwick, Victoria | Financial planner

Full Circle Financial Planning Services

Locality: Berwick, Victoria

Phone: +61 450 165 729

Address: Suite 4, Unit 9/28-32 Gloucester Avenue 3806 Berwick, VIC, Australia

Website: https://fullcirclefinancials.com.au

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24.01.2022 Here is the third thing to consider. 3. HAVE YOU THOUGHT ABOUT YOUR INSURANCE? Like many Australians, you probably hold some life insurance through your super. This could include Death cover, which provides a payout if you become terminally ill or pass away, and Total and Permanent Disability (TPD) cover, which provides a payout if you become permanently disabled. ... Some people also have income protection cover, which pays you a regular income if you’re unable to work due to a temporary illness or injury. Under recent changes to super laws, if your balance falls under $6,000 you could lose the insurance in your super. So make sure you check whether there will be enough left in your super account to keep your insurance cover if you take out some money early. If you don’t have enough left in your super account, your insurance will be cancelled.

24.01.2022 Wow what a great week of achievements. A brilliant iso 40th and an excellent fathers day. Happy fathers day to all the dads out there.

20.01.2022 Hope all father's had a great day!

20.01.2022 The psychology of retirement Your retirement years are a chance to relax, rejuvenate and focus on the people and activities that matter most to you. But retiring is also one of the most significant life changes you’ll ever make, and adjusting to life after work can be hard. Here are some tips for avoiding the retirement blues and enjoying a stress-free retirement. Most of us eagerly look forward to the day when we can say goodbye to the stresses and strains of working life an...Continue reading

17.01.2022 Maybe if people's heads weren't buried in the sand of ignorance and they took the time to understand, instead of judging and thinking it won't happen to them because they have the perfect family, life would be a little bit easier for people that do experience this! This hits close to home for me, for family and friends who live under this shadow. The days of 'it' not being talked about or being taboo should be over. In the most difficult moments of life you realize who your t...rue friends are, and the people who really appreciate you. Unfortunately, most social media 'friends' aren't true friends. They will send you a "like" here and there, but in reality they do not take time to read your status if they see it's lengthy. More than half will stop reading right here, or have already scrolled on to the next post on their page. I decided to post this message in support of all those who continue to battle with their mental illness. (Suicide is at an all time high). Now, let's see who will have taken the time to read this lengthy post right through to the end. If you have read everything so far, please "like" it so that I can put a thank you on your page. More mental health awareness is urgently needed. Just because you can't see it, doesn't mean people aren't suffering. Please, try to spare a little of your time with someone who may just want to talk (about anything). Talking can help us all to cope a little more, keeping things bottled up just makes it worse. Most people will say, "if you need anything, don't hesitate to call me, I'll be there to help you" but will they? I believe a select few of my friends will post this, to show their support for those who may be STRUGGLING. You just have to copy and paste rather than sharing. I'd like to know how who will take a minute out of their day to read this all the way to the end and then copy and paste it to their page, will you? If so, please write "done" in comments. See more

17.01.2022 If you are in financial mess, give a call to Ritesh 1. What are 3 things your mother, father, grand parents taught you about money? 2. Did your parents go through a significant event involving money? 3. What emotions your family associate with money?... 4. How would you define the status of your family growing up? Middle Class, Poor, Wealthy, Etc See more

16.01.2022 Work mode people, taking over already. Ready to respond to your queries.

14.01.2022 How to manage your money in retirement In the past, most Australians have been in the accumulation phase when it comes to their money. Their primary objective has been building wealth. But that changed in 2011 when the first of 5.6 million Australian baby boomers hit retirement age. And every day another 800 baby boomers retire. The result is that this baby boomer bulge now has significantly different investment needs than they did in the past.... The seven vital factors that shift investment strategies from accumulation to decumulation: 1.Limiting large losses - After the global financial crisis, it has resulted in the retiree’s investment balance being substantially below what they had planned, despite the significant recovery in markets that happened from 2009 to 2017. 2.Managing behavioural risk - The feeling of fear is a survival instinct. Potentially, it can destroy significant wealth if applied to financial markets. 3.Increasing income exposure (less growth) - The current low-yield environment has forced many investors to chase income through high dividend-paying stocks, bonds and property. 4.Inflation awareness Retirees would pay more for their basic living expenses. Higher future cash flows would be required in order to meet those costs. 5.Managing duration The trade-off between shorter timeframe in order to minimise capital losses VERSUS holding on for a longer-term. 6.Managing liquidity How quickly your assets can be sold in the market without affecting the asset’s price, with reasonable fees and in a timely manner. 7.Tax awareness - It’s reasonable to think as a retiree you don’t have to worry about tax any more. However, by investing retirement savings in a more tax aware manner, the result can be a boost in income. Ultimately, we (FCFPS) can adapt multiple investment strategies for you. This allows you to approach your retirement income and investments with greater confidence. On the journey of life, you are more likely to stay the course and confident enough to spend your hard earned savings to enjoy the best retirement you are able to attain.

14.01.2022 Over the coming days we will be provide you with 5 things to consider before withdrawing money from your super. From 1 July 2020 until 31 December 2020, you may be able to withdraw up to $10,000 from your super under the government’s Coronavirus early release of super scheme. But before you take money from your super, here is the first thing to consider. 1. HOW WILL TAKING OUT SOME OF YOUR SUPER NOW AFFECT YOUR FUTURE?... While retirement may be a long way off for you, the amount you have in your super today will have a big impact on your future lifestyle. Your super is a long-term investment. The more you have invested now, the bigger the opportunity for it to grow both during your work life and once you retire. While taking out $10,000 may not seem like a big deal now, it could have more of an impact on your future super balance than you realize. You can use the government’s money smart super withdrawal estimator to work out how much of an impact it may have on your retirement.

12.01.2022 Here is the second thing to consider. 2. ARE YOU ELIGIBLE? Not everyone is eligible to access their super early. To take part in the scheme, you must meet at least one of the following criteria:... You’re unemployed You’re receiving (or are eligible to receive) one of these payments: Job Seeker Payment Youth Allowance Jobseeker Parenting Payment Farm Household Allowance Special Benefit On or after 1 January 2020: You were made redundant You’re a sole trader and your business was suspended, or your turnover is down at least 20% Your work hours were cut by at least 20% If you apply to withdraw your super and you don’t meet this eligibility criteria, the ATO may investigate your application. This could result in your withdrawal amount being treated as assessable income or you could face a penalty if you provided false information. You can read more about this on the ATO website.

11.01.2022 A Hitchhikers Guide to the US Presidency The world’s oldest continuous democracy makes a profound choice on November 3rd. Donald Trump’s unique maverick approach to the US Presidency communicate key policy changes by Twitter and denounce the media as fake news faces a formidable challenge from a conventional politician in Joe Biden. The initial economic gains in the first three years of the Trump Presidency have been devastated by the Coronavirus in 2020. The rapid spr...ead of infections and tragic loss of lives more than 220,000 Americans makes President Trump’s handling of this Virus Crisis the key issue in 2020. To gain the White House, the successful candidate must navigate a minefield of technical hurdles. The first key challenge is to get your supporters to be registered and to vote, as the US has a voluntary system. Secondly, there is only a limited number of physical voting locations. One way to avoid the long queues, as well as mitigate the virus risk, is to make a postal vote. However, this is a contentious issue as seen in Trump’s accusations of voter fraud. Thirdly the Presidency is not decided by an outright majority of US votes but by winning the Electoral College. The 538 Electoral College votes are typically winner takes all for each individual state with two exceptions. So, winning the Presidency depends on the distribution of your voting support across the states. Hence Presidential campaigns frequently focus on the key battleground states such as Florida (29 Electoral College votes), Michigan (16), Ohio (18) and Pennsylvania (20). This explains how President Trump prevailed in 2016 by winning keys states despite receiving less votes than Hillary Clinton. 1. Can one forecast November’s election outcome? 2. Are there major economic policy differences between the two candidates? 3. Could a contested Presidential Election result see the winner only decided by the Supreme Court? Source: Bob Cunneen, Senior Economist and Portfolio Specialist, MLC Asset Management.

09.01.2022 4. HAVE YOU THOUGHT ABOUT OTHER OPTIONS? Dipping into your super may not be the only option to help you through this uncertain time. Here are some other ways you can consider to get extra income or temporarily reduce your expenses: Depending on your circumstances, you may be eligible for government payments such as Job Keeper, Jobseeker, the fortnightly $550 Coronavirus Supplement, or the one-off $750 Economic Support Payment. You can check if you’re eligible for any of the...se payments on the government’s treasury website. Your state or territory government may offer you a one-off payment or a rebate on your rates. Your bank may allow you to temporarily freeze your loan or credit card repayments. Many utility providers are providing some flexibility for paying energy or water bills. If you’re renting, your real estate agent or your landlord may be able to offer a rent freeze or reduction. Consider the redraw facility on your home loan, this could temporarily cover some of your costs. It may be a good time to go through your budget to see where you can cut back on expenses until your financial position improves.

09.01.2022 5. DO YOU NEED TO WITHDRAW THE WHOLE $10,000? If you do decide to dip into your super early, think about how much you actually need. You can nominate how much you want to withdraw, up to a maximum of $10,000. If you don’t need the whole amount, you may be better off taking out a smaller amount so you can leave more money invested. That way, it will make less of an impact on your super in the long term.... Before applying to withdraw money from your super, it’s a good idea to check your current super balance. You can do this by logging on to your superannuation Fund or contacting them.

08.01.2022 Here are the three main areas of a financial plan, including special considerations we often see for business owners: 1. Your borrowing. How much of your monthly cash flow is going towards debt? Can that debt be made less expensive? If so, how can the monthly savings be reallocated to building and protecting your wealth?... 2. Your investing. How much money will you need in the future? How much should you invest each month to get there? Which types of investment accounts will lead to the maximum after-tax income when you need to spend it? 3. Your protection. What types of insurance policies and in what amounts are required so that, even if there is an accident, illness or death in your household, the negative financial impact on you and/or your family can be minimized?

05.01.2022 Hit a milestone today 40

05.01.2022 A massive shout out to all of the small business owners in #Victoria who received terrible news yesterday. History will look back and provide stern judgement on the response to Covid-19 in Australia as failure in public policy that didn't consider all of the costs and implications of the decisions being made. I would note the politicians and public servants are still getting their pay cheques nor seeing their life work being obliterated. Don't say "we are all in this together" it belittles those of us who are actually doing the heavy lifting because of the policy makers’ mismanagement and incompetence’s.

03.01.2022 HOW GEN Z EMPLOYEES CAN BENEFIT YOUR BUSINESS Gen Z have finally grown up. Here’s why you should tap into the newest pool of talented workers and how to do it. Gen Z have officially come of age and are entering the workforce. The oldest members of Gen Z are now approaching their mid-twenties, which means they are looking for employers who can provide supportive workplaces and career opportunities.... 5 TIPS FOR ATTRACTING AND RETAINING GEN Z EMPLOYEES Create a nurturing workplace culture of teamwork and giving back to the community. Offer remote work and flex time to help employees enjoy a work-life balance. Check in with employees informally and regularly so they feel supported but not monitored. Celebrate achievements to let them know they are truly valued by the business. Send out surveys periodically to track how employees feel in the workplace.

02.01.2022 A Message to Our Clients and Partners about COVID-19 Today we have a new challenge. As the coronavirus COVID-19 has grown to pandemic level - impacting our daily lives at work and home - we want to share what Full Circle Financial Planning Services (FCFPS) is doing to support the safety and well-being of the communities in which we live, work, and serve.... For that purpose, we have proactively instituted enhanced cleaning protocols in our office, business equipment’s, mandatory face covering and adopted social distancing. The Department of Health and Human Services in conjunction with Victoria State Government have issued Stage 4 Restrictions which means that we Full Circle Financial Planning Services (FCFPS) will be operating remotely. This temporary mandate is until the 13th of September 2020. While maintaining focus on keeping everyone safe, we are continuing business operations remotely and at the current time, we will do our utmost to help you to the fullest extent possible. We can still be contacted by the following means: Email Phone calls Zoom calls Facebook Messages (SMS) Facetime Skype We hope that you and those around you are well and remain safe. We are privileged to have you as a client and even in this unprecedented situation, we are working hard to continue helping you. Thank you for your business, your friendship, and your trust.