West Coast Financial Strategies in Perth, Western Australia | Financial planner

West Coast Financial Strategies

Locality: Perth, Western Australia

Phone: +61 412 204 456

Address: 18 Oxford Close 6007 Perth, WA, Australia

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

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• Financial planner
• Insurance Agent

24.01.2022 The Reserve Bank of Australia has lowered the cash rate to 0.75% - the third cut this year. With some variable mortgage interest rates tipped to fall below 3.00%, what debt repayment strategies have you got in place to take advantage of this low-rate environment? Don't have a plan? Lets chat - Call Clint on 0412 204 456.

24.01.2022 Hold on to your socks if you have a HostPlus income protection policy... From October 1, your premiums will increase by 73.7% if your benefit period is to age 65 and up to 22.3% for a 2-year benefit period. If this concerns you, lets chat.

23.01.2022 How many of these habits do you have to eliminate?

21.01.2022 Our friends over at BSP Corporate have put together a Covid-19 resource centre for business owners and how they can assist you through these uncertain times.

21.01.2022 This video is designed to educate more Australians on the benefits of professional financial advice and take the mystery out of the advice process.

21.01.2022 When asking yourself "Should I switch my Super to cash?", you might want to consider your opportunity cost.. Please reach out if you want to discuss how this may relate to your own situation.

20.01.2022 Hello company earnings season... Please be kind

19.01.2022 Believe it or not, but insurers are extremely unprofitable in the space of Income Protection. Over the past 5 years, the industry has reported losses in excess of $3 billion! No wonder claims are often declined in the first instance and premiums continue to skyrocket; they are bleeding! In comes APRA They have forced their hand to prevent insurers from issuing Agreed Value Income Protection policies as of 31 March 2020. Instead, new policies will be based on an Indemnity sty...le contract, which means your income will need to be assessed and proven at the time of claim. Too bad if your business has a bad year or you stop working for 6 months to welcome a new child to the world - if you have earned less than you are insured for leading up to the claim, there is a strong chance youll be paid less; regardless what you are paying for. Even worse, if youre incapacitated, your partner/family/friends will have to run around on your behalf trying to find evidence of your income to provide to the insurer. Not fun APRA are also allowing insurers to review and change the definitions, terms and conditions on a policy every 5 years if they deem it necessary to meet their prudential duties, which is to remain viable & profitable. Current contracts are only allowed to change if it leaves the policy holder in a better position. So why am I telling you this? Well, Agreed contracts prior to 31 March, 2020, will be honoured as-is. It takes approximately 4 weeks to take out a new income protection policy. So, if you are currently uninsured or have an existing indemnity policy and want certainty at the time of claim, give me a call on 0412 204 456 and lets chat. For more info: https://www.apra.gov.au/sustainability-measures-for-individ

19.01.2022 Release control and allow yourself to feel better each day.

17.01.2022 Macquarie Bank have just released their insights into what's happening in the Australian property market. With Sydney and Melbourne showing signs of growth over the past quarter, hopefully numbers in Perth will soon follow. Check it out: http://www.macquarie.com//property_report_september_2019.p

16.01.2022 Unsure of what happens at the time of an insurance claim? Watch this short video to understand the claims process and what steps are required.

14.01.2022 With Black Friday and Cyber Monday sales kicking off tomorrow, just remember scam artists make a pretty penny this time of year so I urge everyone to be vigilant when shopping online. Just remember - if the price is too good to be true, it probably is!

12.01.2022 Hi I'm Clint Nice - Director of West Coast Financial Strategies. My passion to help people led me into the Financial Planning industry in 2011 and I've continued to focus my energy and knowledge in helping individuals and families manage their wealth in an efficient manner. I'm client centred and recognise that the motto one size fits all never applies and I ensure a tailored solution is always provided to my clients. I personally take the time, care and dedication to work ...with clients to help them achieve their lifestyle and financial goals to suit their needs and wants. At West Coast Financial Strategies, our aim is help our clients develop and implement strategies that can guide them to financial security. This includes wealth creation plans, protecting their wealth and income, attaining financial security for their lifestyle, and ensuring that their estate and succession plans are in place to benefit the people they most care for.

11.01.2022 Organise your entire financial world in one app.

09.01.2022 Our website went live today - great job by the team at BSP Corporate! Existing clients who are already signed up to MyProsperity can now login to their accounts via our home page.

09.01.2022 Five tips to avoid being caught up in an investment scam: 1. Do not respond to emails or phone calls from strangers offering predictions on shares, investment tips or investment advice. 2. Always be suspicious of offers to sell you shares, cryptocurrency or a chance to take part in Binary Options Trading if you aren't the one seeking the offer to begin with.... 3. If someone is telling you about a way to make fast and easy money, ask yourself: Is this too good to be true? 4. Research thoroughly before investing and consider seeking independent financial advice from a licensed financial adviser (yours truly perhaps?). 5. Check out Moneysmarts list of companies you should not deal with below. If a company appears on this list, do not deal with them. They are unlicensed and have been known to make unsolicited calls and emails about financial services or products.

08.01.2022 The Government has just announced an economic stimulus package to assist in supporting the economic effects of the Coronavirus (SARS-CoV-2 virus and CORVID-19 flu) outbreaks. These include: Individuals: - One off $750 payment to social security, veteran and other income support recipients and eligible concession card holders... Businesses: - Instant asset write-off threshold increased from $30K to $150k for businesses with aggregated turnover of less than $500M. - 15 month investment incentive (through to 30 June 2021) to support businesses investing in asset installation (50% deduction) - between $2,000 and $25,000 in cashflow assistance to support retaining staff for small businesses by reducing PAYG withholding to 50% for 6 months. - 50% wage subsidies for businesses with trainees/apprentices for up to 9 months from 1 Jan 2020 to 30 Sept 2020. Regions: Up to $1billion in support for regions affected by Coronavirus including one off ad how ATO grants. This package will be moved through Parliament in the final week of March. More details attached.

08.01.2022 Typical market rebounds post-virus challenges. Looking forward to the bottom! (Image courtesy Switzer)

07.01.2022 The Labor party have outlined changes to Superannuation, if elected, which could make it harder to build wealth for retirement. Do you need to review your retirement strategy to ensure you are on track?

07.01.2022 Free Skin Cancer Check 11-12 January 2020 Skin cancer is one of Australia's most common cancers, with approximately two in three Australians diagnosed with some form of skin cancer by the age of 70. Our friends at TAL have their annual Free SpotChecker coming up on the 16th January at Cottesloe Beach to help you and your loved ones keep your skin safe.... Click below to book in your free session. Be quick, as spaces are limited.

07.01.2022 Challenge: Direct 100% of your salary into a savings account and leave it there untouched for 6 months. Easy, right? Now picture this wasn't a choice and there was no magical savings account collecting unearned income. Picture you can't work due to a long-term injury or illness. Do you have income protection in place to help pay your bills? Do you think your default cover possibly hiding inside your Super fund will meet your needs (and actually pay out a benefit)?... Lets add some certainty and review your existing policies or implement new ones tailored to suit your needs. Give Clint a call on 0412 204 456 to discuss further.

07.01.2022 Where do you stand in regards to property prices over the next 12-24 months? Below is an interesting debate about Australia's debt position and how it could impact house prices.

07.01.2022 From The Reformed Broker, Josh Brown: "Precisely eleven years ago today, in 2009, the stock market stopped going down. There was no reason. The dust had settled, without fanfare or any sort of official announcement. If you had polled people that day, or week or even month, most would not have agreed that we had seen the worst. The economic headlines were not improving. But there it was. And by June 1st, less than 3 months later, the stock market had climbed 41% from that March low."

06.01.2022 9 things employees can and can't claim this year if you worked from home during lock-downs

04.01.2022 From July 1, Australians will again have access to up to $10,000 of their Superannuation if they are facing financial hardship due to Covid-19. But think twice if you plan on taking advantage of this scheme if you are ineligible... The ATO has announced penalties of up to $12,000 for making a false and misleading statement to access the funds, along with the withdrawal amount added to your taxable income. Given the ATO have your income details at their fingertips thanks to the internet, it should be easy for them to find those who decided to role the dice...

03.01.2022 You make thousands of rational decisions every day or so you think...

03.01.2022 Great summary from Hotbooks!

03.01.2022 Covid-19 might have affected your superannuation balance, but don't let inaction result in missed opportunities to boost your retirement savings before the end of the financial year. Call me today to discuss strategies relevant to you that will help replenish your balance and benefit the future "you". #superannuation #EOFY #perthisok #westcoastfinancialstrategies

02.01.2022 As we work towards achieving our goals, its easy to get lost in the daily grind and forget to acknowledge what we already have. Establishing a nightly gratitude habit keeps you grounded in the present moment while allowing you to stay motivated toward your future goals. Try ending your day by writing three to four positive things on a bit of paper, or a journey, that happened that day. The fourth quarter is where champions are born. Are you ready?

02.01.2022 Is your Life or Income Protection insurance inside your Superannuation about to be cancelled? It may be worth reading the letters they send out to you...