The Adviser Collective in The Junction | Financial planner

The Adviser Collective

Locality: The Junction

Phone: +61 2 4906 0315

Address: Level 1 / 142 Union Street 2291 The Junction, NSW, Australia

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

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19.01.2022 Why is super important? Your retirement might feel like a far off dream, full of holidays, gardening or general relaxing, but without super, and the right amount of super, your retirement might continue to be a distant dream for a lot longer than you think. Your super will most likely be the second largest asset you will have in your life. So you should take care of it and plan for it accordingly.... You can’t rely on the Government to support you When you are ready to retire, you might find that there is a gap between what the Government provides and what you will need for day to day living, SO. Will you have enough? Here are some things to consider which may help you understand the importance of super and having enough for your retirement: It is recommended that you plan to have an annual income in retirement. If you have no debt when you retire how much will you need to meet day to day living. We are living longer, so depending on your age, sex and health, when you hit 65 years of age, you may need to plan for 25+ years of retirement. This means you need to prepare now so that your super can last. The Government’s pension only starts when you hit the age pension age, generally 65. This means if you would like to retire earlier, or to transition into retirement, you need to have additional income, such as super, ready. If you would like support with retiring earlier and receive professional advice about your superannuation, please contact Bradley Abbott from Bradley Abbott Financial Planning on P: 0421 233 336 E: [email protected] W: www.bafinancialplanning.com.au Read More at http://bafinancialplanning.com.au/why-is-super-important/

17.01.2022 My recent post about the importance of personal insurance had a warming response, therefore I have re-captured some key points. Recently through social media, I’ve been noticing young families living happy lives but I worry that many have not planned for some of life’s uncertainties. If you couldn’t return to word due to sickness or injury who would support you and your family? Even worse if you were to pass away who would provide an income for your family or continue to pay ...off your debts and maintain your lifestyle. I enjoy helping people build security and savings for their future and family. I feel that finding the right insurance package for your individual needs is a fundamental step to laying a solid financial foundation. We live busy lives but unforeseen events can impact us and our family. I would love to help you develop a realistic approach to security for your family and explore other areas within your personal and financial circumstance that I can provide advice and value Please contact me to discuss your particular circumstances Regards

17.01.2022 Income Protection - Are You Paying 40% More Than You Should? Are you self-employed, small business owner or any other professional whose business or income relies on your ability to work? Then Income Protection Insurance is a must have. Income Protection replaces the income lost through your inability to work due to illness or injury. Usually you can cover for up to 75% of your gross salary/income. Income protection is also tax deductible so you can claim the cost of premiums... you pay for income protection insurance against the loss of your income, therefore reducing your taxable income. Most companies that advertise on TV provide quotes just from their own company and if you think Google search is a solution - beware. Most of the ads and search results for income protection belongs or have ties with 3 same companies and do not match your personal or financial needs. We’re here to help If you would like a quote to protect what you have now and receive professional advice about your personal and financial circumstance, please contact Bradley Abbott from Bradley Abbott Financial Planning P: 0421 233 336 E: [email protected] W: www.bafinancialplanning.com.au

17.01.2022 You could be paying for inadequate insurance within your super funds. Contact myself to review your existing super and insurance needs and secure your financial future http://m.smh.com.au//super-sector-tussle-looms-over-life-i

16.01.2022 Following from my last post you may already be in a position to buy your first property so here are 3 exciting steps to consider: 1. When borrowing money to buy your property the lender will require a 20% deposit of the purchase price from the property which they will then lend you the remaining 80%, this is what’s called the LVR. Some banks will allow these percentages to deviate however the ones that don’t will charge you a variable fee called Lenders mortgage insurance and... is paid upfront or capitalised into the loan. 2. You can structure your loan Principal and Interest (P&I) which means you are paying down the amount borrowed and the interest charged on the principal or Interest Only (I/O) which means you are paying down only the interest and nothing off the Principle. 3. Mortgage Insurance is what the name suggest however isn’t as full proof as it sounds, this product will only protect the lender if you can no longer afford the mortgage repayments but not protect you against any of your other expenses. A more bulletproof product would be a sufficient Income Protection policy There is still plenty more strategies that can be implemented when acquiring a new property these are usually the first 3 decisions you are confronted with If you have any questions or require further support please don’t hesitate to contact me.

15.01.2022 https://www.facebook.com/permalink.php?story_fbid=10153489896728596&id=568473595

13.01.2022 Let’s talk about money! What do you do with your surplus cash flow or what would you do if you received a lump sum of money? Before I started as a Financial Planner all I knew was to put money in a so called high interest savings account and wait for it to grow but from my experience I was never happy with the minimal amount I received and then having to minus the tax that was payable there wasn’t really much of a return on the investment? Plus if you consider that inflatio...n is at 1.5% are you really making any money at all? There are other alternatives that can provide you a better return than what you are currently receiving which will support you to accelerate your wealth creation and achieve the goal you are working towards. You don’t need lots of money to begin creating wealth for your future If you would like to speak more about what you could be doing with your money please don’t hesitate to contact me Bradley Abbott See more

13.01.2022 Get set for what’s ahead! Setting aside time to regularly review your finances is one of the easiest ways to keep your plans on track and work towards achieving your financial goals. Review your super... Looking at how your super is invested regularly can make a big difference to the final amount you have when you retire. Does your super’s asset allocation still fit with your risk profile? Are you paying extensively high fees in comparison to your investment rate of return? Everyone retires one day and if you are continuously paying high fees or not invested adequately can have a big impact on the lifestyle you will enjoy in retirement A financial adviser can help you review your super’s investment strategy and make any necessary changes, which will help you build towards the retirement lifestyle you want. Check your Life insurance There are two reasons you should regularly review your life insurance cover to rest assured you are not paying too much for something you might not receive, and to avoid putting you and your family at risk with too little. Most life insurance policies need to change after each major life event, whether that is buying a first home, starting a business, having children or preparing for retirement. A financial adviser can check to see if your current level of insurance is appropriate for your needs, and if not, help you to make any changes to your existing cover or recommend new policies to cover the gap. Health insurance At this time of the year you could consider taking an even broader view of your financial situation and look at whether your health insurance is appropriate for you, relevant for your personal situation, or if it needs updating. Your mortgage Seeing how your home loan compares to other loans could potentially help you to save thousands of dollars in interest and pay off your loan sooner. Home loans with new features and better interest rates are launched all the time Have you considered attaching an offset account to reduce the interest you pay even further? And just don’t focus on the interest rate, you should also look at the fees that are attached to your loan and see if they apply to similar loans from other companies. We can work with you to create a strategy that, over time, will help you to meet your long-term financial goals and objectives. To find out more about how we could help you, contact Bradley Abbott from Bradley Abbott Financial Planning on 0421 233 336 or at [email protected] More information about Bradley Abbott Financial Planning at www.bafinancialplanning.com.au

11.01.2022 2016 Federal Budget. If I could summarise last night’s Budget in the shortest form possible I would say it is: Good for small Business Ok for people on a salary Average for those wanting to build their super...Continue reading

10.01.2022 Bradley Abbott Financial Planning is passionate about helping people achieve goals they never thought were possible through holistic financial advice. Regardless of our age today we are all going to retire one day so speak with me today to see how we can ensure that you are utilising your current situaiton to provide for a better future.

05.01.2022 I am excited to announce the launch of the website for Bradley Abbott Financial Planning. With the help of Blackfish Graphic Designs, this website has been created with the purpose of providing simple yet informative information in regards to financial advice and the company itself. So please have a look at www.bafinancialplanning.com.au... Regards Bradley Abbott

04.01.2022 If you couldn’t return to work due to sickness and injury who would support you and your family, or even worse if you were to pass away who would provide an income for your family or continue to pay off your debts. Recently I have begun to see young families through social media living happy life’s but I hate to think if you are the main income provider and cannot provide that income due to sickness or injury who will continue to meet your living expenses or continue the regu...lar savings to fund that deposit for your first home or overseas holiday, not mention worst case scenario if you pass away who will support your family to pay off the debt. I take pride in providing a bulletproof insurance package to ensure that if you are to pass away or can’t return to work due to sickness and injury you will have the peace of mind that you and your family will be protected. My job is to find the best insurance provider to suit your personal and financial needs and to lessen any financial burden that an unforeseen event may have an impact on you and your family. So please contact me to discuss further your required insurance needs and what tailored package we can create for you. Regards

03.01.2022 The Power of Regular Investing One of the world’s most admired investors, Warren Buffet, is famous for saying Don't save what is left after spending; spend what is left after saving. While this approach may not always be possible, I can show you how investing even just a small amount regularly can make a big difference over the long term.... If you are accumulating wealth... When looking to start building your investments, one of the easiest ways to get started is through a regular investment plan with as little as $100 per fortnight into a managed fund which will offer numerous investing opportunities. This approach means you will get used to not having the extra money, while you watch your investment balance grow. This type of strategy is popular if you have a particular savings goal, such as a home deposit, starting a new business or taking an overseas holiday. If you have a mortgage.... With home loan rates now at all-time lows, making additional payments can help reduce interest and clear your mortgage earlier than if interest rates were higher. From an investment perspective, if your home loan rate is currently 4.50%, then that is the net return you receive on any additional payments - this is much higher than the rates offered by savings accounts or term deposits You can take this investment idea one step further by setting up an offset account linked to your mortgage Each time your salary is paid into your offset account, you are effectively investing in your home, as the balance in your offset account helps reduce the amount of interest you pay on your mortgage and not pay tax on the accumulated balance. Let us help Investing regularly can have a positive impact on your financial situation, no matter your income or age. We can work with you to create an investment strategy that, over time, will help you to meet your long-term financial goals and objectives. To find out more about how we could help you, contact Bradley Abbott from Bradley Abbott Financial Planning on 0421 233 336 or at [email protected] More information about Bradley Abbott Financial Planning at www.bafinancialplanning.com.au

03.01.2022 Pay less tax this financial year. Shaquille O’Neal once said It’s not about how much money you make, it’s are you smart enough to keep it And as we begin a new financial year these words might not mean much to most people however it will mean something to those who don’t like paying much tax.... We spend years studying hard to get the job we have worked so hard for which in turn will bring us the big salary but after we pay tax on our fortnightly wage, are those long hours really justified? There are strategies we can put in place now to reduce that tax bill and ensure your money that you have earned stays with you. The most common one being Salary Sacrificing which everyone has heard off and has an idea what it is however they might not completely understand the benefits and how it works. This isn’t the only way you can reduce your tax and there are other exciting ways to build your wealth without losing your money to the tax man. If you would like to ask questions or enquire further please don’t hesitate to contact Bradley Abbott Financial Planning

03.01.2022 Christmas is fast approaching Get smart with your cashflow If you want to consider how to build your wealth, chances are you could use a little guidance, so here are some strategies that a financial adviser can talk you through to help you make the most of your hard earned cash.... Streamline your budget With so much focus on direct deposits and cashless payments, it doesn’t take long to become separated from how much you earn and spend. We can show you how tracking what you spend will not only help you understand where your money is going but, more importantly, where the leaks are. After we help you revise your budget and start directing your money into what is necessary and important to you, you will be amazed at how quickly your financial situation can improve. Build up an emergency fund A good rule of thumb is to always have three months’ worth of living expenses set aside for emergencies. Given this could take some time to build up, we can help you decide on a realistic savings goal taking into account some inevitable slip ups along the way! It also gives you peace of mind that you have money available should something unexpected happen. Start an investment plan Investing small amounts regularly is one of the easiest ways to save for what you want in life an overseas holiday, a new car, a deposit on your first home or your children’s education. After reviewing your situation, we can show you how much you have available to invest and what is most appropriate for you to invest in, based on your risk profile. Even if you start with just $100 per month, it won’t take long before you start seeing your investment building up nicely. Get cost-effective insurance Many people don’t have enough insurance to protect themselves, or their family, because they believe it is too expensive. We can show you a number of ways to get appropriate cover, which can still be cost effective and affordable for you. No matter what the cost of insurance or how you structure it, you cannot argue the value of protecting your lifestyle and your loved ones. You may just need guidance on the most cost-effective way to do so. We’re here to help Managing your finances and implementing strategies to build your wealth can be confusing, time consuming and for many of usa bit boring! But with a little guidance, it can be a very fulfilling experience. Get in touch and let’s sort out your cash flow, it could be the most useful meeting you have this year! To find out more about how we could help you, contact Bradley Abbott from Bradley Abbott Financial Planning on 0421 233 336 or at [email protected]

01.01.2022 Success-Goal Setting-Focus I sat down with Zac Purton Reigning Champion Jockey of Hong Kong to discuss his journey of success and how he got there