Kouteris Financial in Yarraville, Victoria | Financial planner

Kouteris Financial

Locality: Yarraville, Victoria

Phone: +61 1300 859 643

Address: PO Box 395 3013 Yarraville, VIC, Australia

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

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22.01.2022 The value of sound financial advice in these challenging times. In addition to the terrible health consequences, the coronavirus is having a massive impact on global economies and the way we live, work, and interact with each other. Loss of income and uncertainty about the future can place a great strain on households, relationships and finances. For those affected, it can be overwhelming.... For those approaching or already in retirement, sharp falls in share markets can lead to sleepless nights about their retirement plans and whether they will have enough income to live comfortably. In times like these, seeking professional financial advice is essential. Kouteris Financial can help you to: Assess your current financial situation, review your income and expenses, and develop strategies to manage your cash flow more effectively. Make the most of any severance pay or redundancy payment. Identify any government support payments you may be entitled to receive and assist you with the application process. Assist you with practical strategies to consolidate and eliminate debt. Review your circumstances and assess whether early access to your superannuation savings or early retirement may be a suitable option for you. Review your retirement strategy to determine whether it continues to meet your near and longer term needs and objectives. Develop and implement a detailed financial strategy for your future personal and financial wellbeing. Avoid making emotional or impulse decisions It’s natural to feel anxious in turbulent times, however it’s important to make carefully considered decisions when it comes to your finances and investments. An emotional or impulse decision in the short term will rarely benefit your financial wellbeing over the longer term. Sound financial advice can be life changing Sound financial advice really can make all the difference. As qualified professionals, we understand the complexities of financial planning, the world of investments and the various support packages available from the government. We are available to help you, or someone you care for to make the most of a difficult situation and to navigate a path forward. Now isn’t the time to go it alone. Call us on 1300 859 643.

22.01.2022 Looking after your mental health during the coronavirus outbreak As the Coronavirus continues to spread, many people are naturally fearful for their health, their livelihoods and those they care for. During times of great uncertainty, it’s natural to be anxious however it’s also important to keep things in perspective. In this time of crisis, it’s important to remember that medical professionals and infectious disease experts are working hard with public service officials to... bring the pandemic under control, treat those affected and develop a vaccine as soon as possible. In saying that, loss of income and job insecurity are very real problems and the Government has announced new measures for those affected. Should you find yourself in this situation please visit the Services Australia website (www.servicesaustralia.gov.au) for assistance. The sheer volume of negative coverage in the mainstream media can be overwhelming leading to heightened anxiety, depression or feelings of panic. While it is important to remain informed, you may find it beneficial to limit your exposure to the mainstream media at this time if it is troubling you or those you care for. It’s only natural to want to turn on the TV or search the web to get the latest coronavirus news. However, too much negative coverage can be overwhelming and simply cause more stress and anxiety. Should you find yourself in a situation where you need to self-isolate for 14 days (or longer) there are a number of strategies you can adopt to support your mental wellbeing: Stay connected with friends, family members and colleagues via social media, email, video conferencing and phone. Remind yourself that this is a temporary period of isolation necessary to limit the spread of the virus. You are doing your bit for the community and those you care for. Try to get some exercise. Maintain a regular routine and choose healthy food options. If you are working from home, try to set up a dedicated workspace, take regular breaks and stick to your normal working hours. Avoid the mainstream media if you find it distressing. If you are caring for young children, try to address their concerns about the virus in an open and honest way. Try to explain the situation calmly and in a manner that is appropriate to their age and temperament. It’s important to listen to their concerns, address any questions they may have, and to let them know they are safe and that it’s normal to feel worried in times like these. If you are concerned about your own mental health, or if you are worried about the mental wellbeing of someone you care for, support is available from Beyond Blue on 1300 22 4636 or Lifeline on 13 11 14. Source: Capstone

21.01.2022 For the last 8 years, Nick Grimes has been an integral part of our business so it is with some sadness that we have to say goodbye. Nick is leaving Kouteris Financial to take on a new opportunity and we wish him all the best. I’m sure we speak on behalf of our clients as well when we say he will be missed. Thank you Nick and good luck!

21.01.2022 Market volatility and how it’s affecting your super In recent weeks, investment markets around the world have experienced significant volatility as investors try to assess the impact of the coronavirus (COVID-19) outbreak an event that no-one anticipated for 2020. If your super is invested in the Australian and/or international share markets, it’s likely you would have been affected by this.... How much of your super is invested in shares is also important. For example, if you’re invested in a high growth strategy, or are in a lifestage fund and not looking to retire any time soon, it’s likely you’ll have more of your super invested in shares. If you’re invested in a lifestage fund and are closer to retiring, or have selected defensive strategies, your exposure to the share market and any risks associated with it may be lower than a high growth strategy. What this means for you Our message at this time is to stay calm and don’t panic. Super is a long-term investment, so while investment markets can be unpredictable over the shorter term, they typically recover over the longer term. If you’re approaching or are in retirement, it’s still important to stay focused on your long-term investment strategy and consider all your options before making any significant changes. You should consider keeping the following things in mind when looking at your super and what’s happening in global markets: Stay calm Over time, the value of your super investment can fluctuate, depending on a range of factors, including market conditions. Reacting to short term market conditions may mean you’re missing out on subsequent market improvements. Diversification Most members in super funds are invested in a variety of asset classes, not just the share market. Different asset classes perform differently over time which helps to even out the highs and lows of market volatility in a particular asset class. Long-term investing Super is a long-term investment so many investment objectives focus on a 10-year period. It is expected that there will be periods of volatility, but over the longer term, markets may recover from short term movements. Stick to your plan Understand how much risk you’re comfortable with taking when it comes to how your super is invested and build this into your financial plan. You may want to consider regularly reviewing your financial plan to make sure it still reflects your current needs. For instance, if you’re moving towards retirement and your super is invested in a high-growth investment strategy, your level of risk may be too high. Remember, we are here to help if you have any questions about your super. Source: BT

21.01.2022 https://kouterisfinancial.com.au/latest-news/

21.01.2022 What to do next if you’re facing redundancy Uncertainty around COVID-19 might be increasing your stress levels about losing your job, but here are five ways to soften the financial blow. In April, Australia hit its highest unemployment rate in five years, and with the Federal Treasurer expecting an unemployment rate of around 10% by the end of the year, many Aussies may be feeling a little uneasy about their future job prospects....Continue reading

20.01.2022 Visit our website for the latest economic update and other Informed Investor articles... https://kouterisfinancial.com.au/economic-update/

19.01.2022 A reminder that super is there for the long haul... https://www.theage.com.au//long-term-investment-key-to-you

17.01.2022 5 reasons why this downturn and subsequent recovery are different... https://kouterisfinancial.com.au/five-reasons-why-this-dow/

15.01.2022 Why you need a Will It’s no wonder people tend to avoid making a Will. We can find it hard to face the fact that death is part of our future and that there may be a time when we won’t be able to manage our own finances due to poor health. However, the COVID-19 pandemic has made us all more aware of how life can change when we least expect it and our health is something we shouldn’t take for granted. So there really is no better time than now to get your estate plan in order....Continue reading

14.01.2022 Investing on behalf of your kids Investing on behalf of your children can help give them a financial leg up and introduce them to good financial practice at an early age. Here are some considerations to help you find an appropriate kind of investment vehicle to set them on their way. Whether it’s birthday cash from proud grandparents, a slice of an inheritance, or you just want to set them up with something in their own name, many parents want to invest on behalf of their ch...Continue reading

13.01.2022 https://www.domain.com.au//should-you-add-extra-money-to/

10.01.2022 The Big Differences between the Great Depression and Covid-19 Global economic activity has grounded to a halt, prompting fears the world is in for a re-run of The Great Depression. While there might be similar scenes, the parallels are not as strong as you may think. Without a doubt, countries worldwide are in for sharp, deep recessions as they rightly sacrifice economic growth in the name of healthcare. This includes the world’s largest economy, the United States....Continue reading

10.01.2022 Withdrawing Super: what to consider The federal government has been releasing details of financial support available to Australians who have lost income due the economic impact of the COVID-19 pandemic. A huge number of us have been affected in some way and many have been left feeling stressed and confused about what to do to keep afloat....Continue reading

10.01.2022 A great chat about the importance of women taking control of their finances and also the benefits of good financial advice... and lots of other funny, non-finance related chat from two of Australia's most respected journalists... https://podcasts.apple.com//p/chat-10-looks-3/id936653355

09.01.2022 Chris will be taking a well earned break this week. If you have any urgent issues please email him, otherwise he will be back on deck November 9th, fully recharged and ready for the home stretch through to Christmas...

09.01.2022 How is your credit score affected by COVID-19? If you’re one of the many Australians financially impacted by COVID-19, who have deferred $218 billion worth of payments this year fear not. Your credit score is unlikely to be affected by payment deferrals or mortgage holidays due to the current state of the world. While that’s good news, it’s still important to maintain a high credit score by understanding how it’s calculated and what you can do to maintain it in future....Continue reading

08.01.2022 EOFY is nearly here! Head to our website for Tax Tips and a handy tax return checklist... https://kouterisfinancial.com.au/eofy-tax-tips-and-tax-ret/

08.01.2022 How to reduce spending after a job loss How to reduce expenses after a job loss and get back in the driver’s seat of your finances. With many thousands of Australians experiencing job losses and reduced hours as a result of the COVID-19 (coronavirus) pandemic, many will need to take a look at their expenses to continue living within their means....Continue reading

07.01.2022 This article articulates our current thinking on the difference between the reality of our world at the moment and how sharemarkets are currently viewing the world. https://www.theage.com.au//sharemarkets-are-ignoring-the-c

04.01.2022 Chris will be on leave next week for some much needed R&R. If you need anything before then, please let us know ASAP. Nick will be on deck for any urgent issues [email protected] ...

03.01.2022 Should you give your teenager a credit card? We live in a culture of smartphones, WIFI, home delivery, online shopping and online gaming, where most needs and wants can be met almost instantly. With so much temptation to spend, it’s vital to teach your kids the money skills to help them enjoy financial wellbeing as adults. But should you give your teenager a credit card? Pre-paid, debit or credit?...Continue reading

03.01.2022 Staying afloat through the COVID-19 crisis We’re dealing with a health crisis that no one in our lifetime has experienced, which is having an impact on global and domestic economies that no one could have forecast. Entire industries tourism, entertainment and hospitality have ground to a halt, and with them jobs. For Australians in these industries, not only are they dealing with difficulties of living in isolation as they look after their health, they no longer have the... structure and routine of work, or the critical income it provides. The Federal Government estimates that around six million workers will receive financial assistance in the coming months, having lost all or part of their income due to Coronavirus (COVID-19). As we’ve seen time and time before, the Australian spirit to support and look after one another shines brightly in a crisis. Government and large corporates have stepped up to help with a range of assistance packages, which, when combined with our relative economic strength and robust financial system, means we’re as well placed as any country to get through the crisis and, I’m sure, ultimately emerge stronger for it. But in the meantime, those who are displaced from work and many small businesses are confronted with a challenging financial reality. Here are five things we’re recommending to our clients to help them get through: 1. Take advantage of government assistance. A range of measures to support both businesses and individuals has been announced, including the JobKeeper payment, a wage subsidy program, a new coronavirus supplement, household stimulus payments, and support for retirees. Assess your options and eligibility based on your needs. 2. Understand the impacts of accessing super early. Superannuation is your money and if you need it, you should consider applying for early release. In doing so, consider how much you need and that whatever you do withdraw will impact your retirement savings. 3. Reduce spending. The first step is to evaluate where your finances stand today. When you need to make immediate changes to your budget, starting with the largest targets can have a big impact and searching around for the best deals can certainly make a difference. 4. Manage your debt. It’s worth considering your options for instance it may be possible to temporarily pause or defer certain payments. If you’re juggling multiple debts, the general rule is to pay off debts in order of interest rate charged, from highest to lowest. 5. Utilise information hubs. Take advantage of free online resources that provide useful tips and information to help you make the best possible financial decisions. Source: AMP

03.01.2022 Early access not so super for women The COVID-19 crisis has seen many Australians taking steps to stay afloat with their finances. With women more likely than men to withdraw super to make up the shortfall in their income, what does this mean for their long-term financial wellbeing? Here are 5 reasons as to why a super withdrawal during this time could leave women financially vulnerable: ...Continue reading

02.01.2022 What tax deductions can I claim working from home? According to the Australian Taxation Office, there are three ways to claim your home office running expenses. The actual cost method...Continue reading

02.01.2022 What does a Joe Biden presidency mean for investors and Australia? https://kouterisfinancial.com.au/a-joe-biden-presidency/