Greentree Financial in Muswellbrook, New South Wales | Financial planner

Greentree Financial

Locality: Muswellbrook, New South Wales

Phone: +61 2 6543 3860

Address: 28 Sowerby St 2333 Muswellbrook, NSW, Australia

Website: http://www.greentreefinancial.com.au

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25.01.2022 What are: Personal insurances Personal insurances don’t need to be confusing, they bring peace of mind knowing if anything were to happen, your families financial future is secure. A number of factors contribute to ensuring you have the most appropriate cover for your circumstances. We’ve put together a short explanation of the 4 main personal insurances to clear things up. ... 1. Income protection - if you’re temporarily unable to work, this insurance provides a monthly payment to help meet your ongoing expenses. 2. Critical illness / Trauma Insurance - If you were to suffer from, or be diagnosed with, a specific medical condition (for example cancer, heart attack or stroke) this provides a lump sum payment to assist with medical expenses. 3. Total and Permanent Disability Insurance (TPD) - If you’re permanently unable to work again, this provides a lump sum payment up to the amount specified in your plan. 4. Life Insurance - If you were to meet with an untimely death, this provides a lump sum payment to your dependants to ensure their financial future. Yes, this can be uncomfortable to think about, but, for the time of a short conversation with our team, we believe it is an essential part of your overall financial plan. We’re always happy to help, if you’d like to know more send us a message or give us a call. . #huntervalleyfinance #financialplanning #finance #australianfinance #muswellbrook #sconensw #denmannsw #singletonnsw #newcastle

23.01.2022 How to protect your finances online More and more of our personal information is kept online, but just like we lock up our homes and cars, its important to secure our personal information and finances from cyber crime. We have 8 tips recently published in ‘Money & Life’ to help protect your data online. 1. Use strong passwords... Create long passwords (14 characters +) using a phrase of at least four words. Include upper and lowercase letters, numbers and special characters. 2. Don’t share personal information online Never allow yourself to be pressured into giving out your personal information online to anyone you don’t know, even if they claim to be from the government or a bank. 3. Be aware of scams Becoming more aware of scammer’s tactics will make it easier to avoid falling victim, take some time to educate yourself. 4. Turn on multi-factor authentication Use two or more ways to verify your identity. For example, a pin number or password, together with a code sent to your mobile phone, make sure to turn it on everywhere you can. 5. Practice email etiquette Avoid opening emails if you don’t know the sender, and, never click on the links or attachments in emails coming from an unknown source. Only give out your primary email address to people you know. 6. Take care with social media Be aware of what you post online and set your accounts to ‘private’. Social media offers a huge amount of personal information for cyber criminals, who can find out where you live, work, visit and much more. 7. Update your operating system and apps, It’s a good habit to make sure your operating systems and applications have the latest updates installed, because new vulnerabilities are being discovered all the time. 8. Avoid using public computers and public WiFi Don’t use public devices and public Wi-Fi to access your email, online banking or retailers, or in any transaction where you need to enter personal information. Your information could easily be intercepted or recorded. Want to know more? The full article can be found under advice at moneyandlife.com.au.

23.01.2022 Superannuation, Part 2 of 3 Now that we know we have a choice over our superfund, its time to talk options with our senior planner Adam. Q: If I was to do some homework about different fund options, what should I look out for? ... A: Fees mostly, but making sure the fund has the investment options you want and need, not only for now but into the future. The big thing here is having the flexibility in the future to change products if your circumstances change. It’s also really helpful if the fund also offers insurance, sometimes this is included in a package or at a lower cost, but this varies between providers. Q: How much do I actually need to retire? A: We have this question all the time. The answer is different for everyone, but we always work backwards, calculating how much you want to live on, what lifestyle you want in retirement. The really short answer is 20x your desired income. Not sure how much your desired income is? No problem, we can sit and work though this as part of our process. We’re always happy to help, if you have questions send us a message or give us a call.

22.01.2022 Planning for retirement with superannuation is a big part of our work with clients regardless of the age. There is no one size fits all approach, but as we move through different stages of life our interest in saving for retirement varies. Because of this we’ve put together a quick 3 part series on super in your 20’s, 30’s and 40’s. Part 1, Super in your 20’s By the end of your 20’s, the average super balance is $28,000.00 for men and $24,000.00 for women (Money and Life).... So when you’ve finished paying off the bar tab for your 21’st, how do you get started? Tip one, consolidate accounts. Often people have several funds sitting around from previous part time jobs, its a good idea to clean this up and have everything in the one place. What fund is right for me? This is all about what’s right for you and your circumstances, but its worth noting that in your 20’s you have a longer investment timeline, allowing for the possibility of longer term investments with higher levels of risk, because you may have more time to deal with market ups and downs. How much to contribute? Again this is up to you based on objectives and current situation, but aside from your salary contribution its always helpful to put aside smaller windfalls such as tax returns of overtime. The key here is compound interest and knowing that putting smaller amounts in today can really add up in 40 years when its time to start accessing it. We’re always happy to help, if you’d like to know more send us a message or give us a call. . #huntervalleyfinance #financialplanning #finance #australianfinance #muswellbrook #sconensw #denmannsw #singletonnsw #newcastlensw

21.01.2022 We have made our way home, refreshed and ready to get into 2021. We hope everyone has had a lovely break. Looking forward to seeing you this year!

21.01.2022 A great team is only as good as the sum of it's parts. Last week we celebrated our newest team member, Naomi Barwick who has been with us for 10 years! Naomi is a valued member of our team and we're so glad she decided to stay with us for this long. Naomi is part of our advisory team, and with a background in accounting, clearly has a head for numbers. Congratulations on a great start, let's see how the next ten years goes.

15.01.2022 How we work? We are asked all the time about our process and what creating a financial plan really means. Here are the 5 steps we follow to get you moving towards the future. 1. Establish Requirements & Define your goals... Together we establish precisely what services you require from us. We work with you drawing out and defining what your vision is of your future and from there establish clear priorities and goals. After all, if goals aren’t determined, how will you achieve a successful outcome? 2. Analyse & Evaluate We analyse and evaluate your current financial position (including any problems). 3. Make Recommendations & Discuss in Detail We develop and present to you our recommendations in an easy to follow document and we discuss these with you in detail. 4. Agree together Together we will agree on an appropriate course of action, including any changes you may wish to make. 5. Review Progress We will meet periodically with you to review your progress. This is vital for success. Your financial plan is a living document that should always be relevant to your current needs. We're always happy to help, if you'd like to know more send us a message or give us a call.

13.01.2022 Happy Easter to our amazing clients and friends, we will be back in the office on the 6th April

11.01.2022 Your financial health can have a huge impact on your mental health. That’s why this R U OK? Day, it’s important to stay connected and check up on your own finances as well. Image Credit: @ruokday Chair of the ‘R U OK?’ Conversation Think Tank, Kamal Sarma, says now more than ever, we need to spatially distance but socially connect. ... People are affected a lot about their finances, mentally. It can create a lot of worry and concern. For example, if you’re near retirement and you see your nest egg dropping in value or you’ve lost your job, that can be really challenging, Sarma says. If you’re feeling trapped from piling bills or debts, remember it’s never too early or too late to take back control of your money. Small steps in the right direction today can make a big difference in the long run. Talk to a professional If you’re going through a financial struggle, you don’t have to face it alone. A financial professional or counsellor can assist you with figuring out your next steps. Let your loved ones know With money problems also tending to affect the whole family, their support could be just as crucial in helping you get back on track. Although you may initially feel awkward or uncomfortable sharing your worries, opening up to a partner, parent or sibling that you trust can actually make you feel a whole lot better.

10.01.2022 A short Friday morning Q&A with Adam on income protection. Q: When should I look into getting income protection? A: This is based on your circumstances. It’s worth consideration if you rely on your income to put food on the table, keep a roof over your families head, pay bills etc. Some people use savings alone for this, but income protection could protect against this sort of impact. Not all time off work will be covered by workers compensation. ... Q: So what is the difference between this and sick leave? A: Sick leave is an entitlement provided by an employer to an employee, and is generally limited to 10 days per year. Income protection is a longer term income replacement. It can pay up to 85% of your pre-tax income for a specified time if you’re unable to work due to a partial, or total disability. Q: How much does this all cost? A: It varies according to what options you select, the premium is influenced by the amount you insure, the waiting period (i.e how long before the insurer starts paying) and the benefit period (how long the insurer pays for). For example, a 30 year old male, non-smoker, who works as a Boilermaker, insuring a benefit of $5,000pm, payable after 30 days off work, for a maximum period to age 65, would cost $185pm. The premium is tax deductible as any benefits received are taxable. We’re always happy to help, if you’d like to know more send us a message or give us a call. . #huntervalleyfinance #financialplanning #finance #australianfinance #muswellbrook #sconensw #denmannsw #singletonnsw #newcastle

10.01.2022 Superannuation, Part 1 of 3 Saving for retirement can sometimes seem abstract, superannuation comes out of your wages and goes into some fund that you probably picked when you first started working, but how much do you need? How much control do you have? We sat down with our senior planner Adam to clear things up. Q: My superannuation is paid along with my pay each fortnight, will this be enough when it comes time to retire? A: Generally, this is not enough. There’s a lot ...of maths that sits behind this answer, but before you panic, we always say everything has to be done in balance, paying off a home loan or savings for your children’s education may be more important in the short term. Thats one benefit of a financial plan, we plot out these milestones and how we can work towards your goals for both the short and long term. Q: What control do I have over what my fund invests in? A: In an industry or employer super fund, not as much. Most people are fine with this, however you always have control over what fund you wish to select, so if you’d prefer more influence you can always choose an alternate provider and within that, the investment options that are best for you. All of this can be confusing and so assisting our clients find the right product for their circumstance is included in our typical planning package. We’re always happy to help, if you have questions send us a message or give us a call.

10.01.2022 Superannuation, Part 3 of 3 So, I know I have a choice over my super fund and what to look for in selecting the right option, I even have some idea of how much I might need to invest over time. I just have a couple more questions... Q: I've had some success with the stock market with a micro investing app, can I manage my fund myself? A: If you’d like more control over your investments this is possible, ‘retail funds’ provide access to hundreds of shares, typically within ...the top 200 companies on the Australian Stock Exchange (ASX200). If you want to get more actively involved than it is possible to establish a Self Managed Super Fund. What’s important to note here is that there is more work and moderate management costs involved, typically you would need a balance of around $200,000 to justify the costs. Q: I understand the government is allowing me to take money out of super now, should I? A. No, in most instances we would advise against this. Unless you are in genuine financial hardship we don’t recommend clients take their money out prior to retirement. For example, if you’re 25 years of age, a $10,000 withdrawal now, (assuming you retire at at 65), will leave you $70,000 worse off (assuming 5% earning rate). if you are earning $50,000 per year in wages, that loss is equivalent to two and a half years compulsory contributions. Have more questions? No problem, We’re always happy to help, send us a message or give us a call.

09.01.2022 A reflection, What we do and why it matters.. Well the first part is simple, we advise and assist our clients to manage their money. The second one is a little harder because everyones needs are different. Many of our clients simply want to secure their future. By that we mean put the steps in place today so that in 10, or 20 years time, they can retire and be free to live the life they want (to travel, see grandchildren, live overseas, or help their children financially). ...On the other hand, our younger clients are interested in understanding where their money goes and how to make it work for them. They often want to understand the basics of building wealth outside of home ownership and particularly when they move into parenthood, making sure they have the appropriate insurances and arrangements in place in case anything unforeseen were to happen. To us though, why it matters simply comes down to peace of mind (a phrase used way to much in the financial services industry). If we were to hire an advisor, that’s what we would want. Life is stressful enough, particularly in the world at the moment, without having to worry whether you’re contributing enough to your super or what would happen if you were forced to be off work for an extended period of time. If you think we can help, we’d love to chat. For over 50 years we have taken pride in our relationship with our clients and we love what we do.

08.01.2022 It’s hard to miss the news about the federal budget at the moment, so we’ve put together some key points that apply to you. See the link in our bio for more. We’re always happy to help, send us a message or give us a call. .... #huntervalleyfinance #financialplanning #finance #australianfinance #muswellbrook #sconensw #denmannsw #singletonnsw #newcastle

07.01.2022 Find Unclaimed Money In Australia there is currently around $1.1 billion in lost shares, bank accounts and life insurance. Unclaimed money is money from lost bank accounts, shares, investments and life insurance policies. You can find out if some of this money is yours on this link:

02.01.2022 Introducing Taryn! Taryn has been working in the financial services industry and a part of of the Greentree Financial family since she left school - she says it's not polite to ask a lady her age, but will happily tell you she was first licensed as a Financial Planner in 2008 before taking a break from the role to have her two beautiful boys. Taryn has been working as our Senior Para-Planner but has recently renewed her Letter of Authority and is currently undertaking a Grad...uate Diploma of Financial Planning, and we are excited to announce that she is moving into a Financial Planning role. Taryn says she loves working with clients to achieve their goals and helping people generally with the financial world- which can often be a complicated place. She is excited to start meeting with clients and bring a female perspective to financial planning at Greentree Financial. . #huntervalleyfinance #financialplanning #finance #australianfinance #muswellbrook #sconensw #denmannsw #singletonnsw #newcastle

01.01.2022 Life insurance, a Q&A with Adam. What does it cover? Life Insurance provides a payment if someone passes away.... When should I get life insurance? If you have any debt or someone you’d like to provide for? Now. A sudden death can place financial stress on those who depend on you. If this happens, life cover can help them pay the bills and other living expenses. It pays a lump sum amount of money when you die. The money goes to the people you nominate as beneficiaries. How much should I get? To decide how much life cover to get, consider how much money you or your family would need to pay the mortgage, credit cards and any other debts, child care/school fees and meet ongoing living expenses. You should compare this to how much you would receive from super, savings, the sale of any investments, your paid leave balance, and support from your extended family. The difference between these is the amount of cover you should get. How much does it cost? The cost varies, according to if you are male of female, if you are a smoker or non-smoker, your age and any pre-existing health conditions. As an example: A 30 year old female, non-smoker, insuring a benefit of $500,000 would cost ~$20pm. We’re always happy to help, if you’d like to know more send us a message or give us a call. . #huntervalleyfinance #financialplanning #finance #australianfinance #muswellbrook #sconensw #denmannsw #singletonnsw #newcastle