Retirement Planning
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Are you ready to start planning for your retirement? It's never too early to start thinking about type of life you want to lead after you finish work. Our expert financial planners can help you build and manage your financial resources to have more choices and achieve your retirement goals. Whether its travelling across Australia, growing your hobby or spending quality time with friends and family. You can enjoy the rewards of all those years of hard work without worrying about your finances. Don't wait until it's too late, start planning for your future today!
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Book your financial clarity meeting today to learn more about how we can help do the same.
Self-managed super funds (SMSFs)
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Looking for a way to take control of your retirement savings? Consider an SMSF. With this type of superannuation fund, you'll have the power to manage your investments and tailor your portfolio to your unique needs. Enjoy greater flexibility, tax benefits, and access to owning properties. SMSFs require more responsibility and effort to manage and our team is helping countless clients achieve their retirement goals. Book your financial clarity meeting to learn more about how we can help do the same.
Personal Insurance
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Having the assurance of knowing you’re protected is invaluable. Adequate protection against the consequences of unexpected accidents or illness is the foundation of any financial plan. Personal insurance is a very tailored product, and your cover needs to be personalised to your circumstances and budget to ensure you keep it for the long term. By securing your finances, the right insurance will help ease the burden on you and your family should you get disabled or pass away.
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We spend the time to ensure you have an adequate and affordable protection plan. Also, can make your insurance more affordable by recommending different strategies. Regardless of the type of insurance cover you need, our long-standing professional relationships with leading insurers enable us to offer you policies with more favourable terms and inbuilt pricing arrangements orchestrated for longevity and value.
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Remember, insurance is a contract that you want to make sure it is enforceable and for that you need a professional risk adviser.
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Don't wait until it too late, book your financial clarity meeting with our advisers so that you can protect your family with our reliable insurance solutions.
Investment Advice
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My Wealth Choice Philosophy in managing investments is a “fundamental” investment approach with its core investment philosophy being to invest in assets that typically shown to be trading below or not significantly above their “fair value”.
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We follow a dynamic asset allocation approach with allocations to specific allocations being varied to meet our view on market conditions at any time. We will adopt a capital preservation focus where market conditions demand this approach, and it is in line with the clients investment approach.
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My Wealth Choice takes guidance from a suite of professional partners when making asset allocation decisions. Moreover, an investment committee that takes on-board the view of these partners and then makes an independent decision according to the market conditions at the time.
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The dynamic nature of investment markets and how they respond to economic conditions means that it is prudent to be able to act on your portfolio in a timely manner. The current regulatory system, where client sign-off is required for each transaction, is very inefficient and can cause delays of weeks and months.
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For this reason, we adopted a portfolio approach that provides us the ability to action portfolio changes in a very efficient and effective manner. With our client’s approval and where appropriate, we manage our portfolios under what is known as a separately managed account (SMA) structure. Depending on the choice of investment portfolio, we will be able to actively manage your portfolio to minimise risk (where necessary) or fully invest (where appropriate) to help smooth returns over time.
If you want to know how we can optimise your investments book your financial clarity meeting to know more about how we can help you manage your investments the smart way.
Debt Management
We know that people are carrying higher levels of debt than ever before and that this debt is lasting longer towards retirement. We can develop strategies that can help you to manage and control your debts so that the burden doesn’t impact the rest of your longer-term goals. this will offer you more choices to have a more comfortable retirement and become debt free faster.
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Retirement Income Management
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We recognise the significance of how your investment needs change as you move towards retirement. Before retirement you work to save, but then suddenly your savings have to go to work for you- with increasing life expectancy this could be 30 years after retirement. This subtle change requires different types of portfolios and investments than when you are still accumulating, and we have developed a number of investment strategies particularly suitable to retirement incomes.
“Whether it be Centrelink maximisation, tax optimisation or portfolio efficiency we can help to develop strategies specifically to cater for your needs.”
Our retirement portfolios use what we call a cash-matching approach where all underlying investments are expected to produce income on their own, and collectively we aim to produce a regular cash flow from the portfolio that is close to matching your pension income needs. In this way the risk of having to sell down assets (as happened during the GFC and COVID-19) is significantly reduced.
Cash Flow & Budgeting
It's crucial to help our clients manage their cashflows to achieve their financial and personal goals. We often spend more and save less than we realize, but determining how much our clients need to save is essential. Some may not need to save at all, while others require significant effort. We start by analyzing their expenses over the past year and allocating to specific categories, ensuring they have enough for what matters most. This helps distinguish between necessary and discretionary expenses, allowing us to allocate funds to other goals. Our approach is to prioritize saving and spending what's left, rather than the other way around. This will eventually create wealth that offers you more options down the track
Tax Planning
We understand that effective tax planning is crucial for maximizing your wealth and achieving your financial goals. Our tax planning service is designed to help you minimize your tax liabilities while optimizing your financial strategies. We work closely with you to understand your unique financial situation, identify tax-saving opportunities, and implement strategies that align with your long-term goals.
Whether it’s through superannuation contributions, investment structuring, our goal is to ensure that you’re not paying more tax than necessary. By integrating tax planning with your overall financial plan, we help you retain more of your hard-earned money, allowing you to reinvest it for future growth or enjoy it today.
Estate Planning
It's common to focus on accumulating wealth, but we often forget about planning for the transfer of wealth to our loved ones after we're. Estate planning can help preserve and manage assets when transferring them across generations. While a valid Will is important, there's more to consider to ensure your intentions are fully carried out. We can advise you on how to structure your estate to distribute assets in a tax-effective way, taking into account areas where tax considerations may influence the structure of a Will.
Superannuation
Your superannuation is your money—your real nest egg—and one of the most tax-efficient ways to build long-term wealth. But are you paying attention to how it’s growing?
Our Superannuation Investment Strategy Review ensures your super is working as hard as you are. Here’s how we do it:
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Superannuation Investment Strategy Review: We assess your current strategy and identify opportunities to maximize returns.
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Asset Allocation Review: We analyze your asset allocation to make sure your portfolio is balanced and optimized for growth.
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Investment Review: We evaluate your investments and recommend better alternatives if necessary.
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Costs Review: We review associated fees to ensure you're not overpaying, maximizing your returns.
Don’t ignore your super! It’s your future wealth, and with the right strategy, it can grow substantially. Book your financial clarity meeting today and ensure your super is on the right track.