Financial planning advice for pilots
For nine months there was a degree of uncertainty.
Annual & long service leave for many has diminished & the music has stopped. The household income has stops for many aviation families.
As a pilot you are trained to make decisions based upon the best available evidence, so it is difficult to comprehend for many, with limited information and evidence available to consume.
Read MoreWhat does a Biden presidency mean for your investments & super?
A Biden presidency & gridlocked Congress is set to provide a stable economic environment for markets.
The gridlock has been cheered by markets as it would prevent Mr Biden's ability to push through major policy changes that could hurt corporate America.
Click on the link below to read our analysis of the implications of President Biden’s victory to markets, superannuation,
Read MoreFinancial Advice for business owners.
Small business owners often have busy & complicated lives.
They are required to succeed in a variety of responsibilities from managing staff, monitoring cash flow, to developing client relationships. This may leave very little time to consider their own personal or long-term financial goals. Having a financial planner to take care of financial details can ensure you have enough cash flow to meet your personal living expenses & free you up to focus on making your business successful.
Read MoreFinancial Advice for doctors & dentists.
We know, that many doctors are so focused on their patients, they simply don’t have time to think about their financial needs.
Doctors often neglect to leverage their earnings & miss opportunities to build wealth.
Or they rush into the latest tax minimising schemes without giving due consideration to the risks.
Read MoreFor over 15 years Matthew McCabe has been helping people make informed, smart decisions about their retirement.
Running his own practice allows him to provide personalised, tailored financial advice to ensure people (like you) are able to retire on their terms.
Matthew understands that people need more than knowledge – they need a clear road map to a financially secure future. Furthermore, Matthew understands poor advice can result in a life of compromise & uncertainty.
Read MoreThe new year is a time when we often hear others speak about their new year’s resolutions, what is your new year’s resolution?
Lose weight? Give up smoking? Give up gambling? Give up the booze? Save money? Buy a house? Or even retire?
Why not try something a little different this year & get your finances sorted in 2021.
Read MoreGet your S.H.I.T. together (Super, Home Loan, investments & taxes)
Heading into the end of the year, many are looking at getting their S.H.I.T. sorted before Christmas.
Having your finances sorted can provide you with more choices for how you live your life both now & in retirement.
There are some important steps you need to take to achieve your goals for 2021.
Read MoreMelbourne Cup Day 2020, the Reserve Bank of Australia has met today and cut official interest rates by 0.15%.
Will your bank pass on the cut?
Read MoreThe airline industry has been upended by the COVID-19 pandemic.
Among those hardest-hit are pilots — a group with a unique set of skills who are now facing major career and financial choices that could affect the rest of their lives. Over the past few months, multiple airlines have offered early retirement packages to their pilots and corporate professionals.
In our conversations with pilots navigating this transition, I have found that taking a few specific steps for their finances can be incredibly helpful.
They may conclude that retiring sooner, working longer or pivoting to another role could be the best option for them, both financially and emotionally.
Read MoreBuying a home is as exciting as it is a big financial commitment. Getting prepared is the key.
Read MoreWhy do I need insurance?
When you’re just starting out, life insurance may not be your first concern. Putting it off may cost you.
You may have accumulated some debt along the way. It could be a car loan, HECS debt, credit card debt or you may even have a mortgage. Selected insurance policies can help you maintain your independence if you suffer one of the insured events under those optional covers. You will be able to avoid turning to GoFundMe begging for money, turning to family and friends for money, taking out a loan, selling your home or other assets to continue paying your bills.
Read MoreProtecting your family has just become more rewarding...
We live in a world of instant gratification. Where you can order take-away, book a holiday or even find a date for Saturday night - all within a swipe and a tap on your phone.
Living in the moment is a beautiful thing. However, when it comes to financial planning, it is important to think ahead.
Life insurance puts you in control of how you want your legacy to live on. Put simply it spares your family the stress of affording funeral expenses & pay the bills after you are gone.
Read MoreHow much money do I need to retire in Australia?
According to the Association of Superannuation Funds of Australia's Retirement Standard, to have a 'comfortable' retirement, single people will need $545,000 in retirement savings, and couples will need $640,000.
However, our numbers suggest that if you are retiring at the age of 60 in Australia, looking for an average retirement income of $62,000:
You will require $830,000 in retirement assets, if you are looking for your assets to diminish at age 100.
However, you will only require $735,000 in investment assets, if you are looking for your investment assets to last until your life expectancy of age 85.
Read MoreHow much money do you need to retire?
Australians looking to enjoy a comfortable retirement have been told they need $640,000 in superannuation as a couple or $545,000 as a single.
A ‘comfortable’ retirement is one that includes one international holiday a year, good clothes, bottled wine, private health insurance and a reasonable budget for home improvements, as defined by Association of Superannuation Funds of Australia (ASFA).
Conversely, someone having a ‘modest’ retirement is looking at one or two short breaks near where they live, cask wine and no budget for home improvements beyond repairs. Both budgets assume the retiree is healthy and owns their home.
Read More7 reasons to refinance your home loan
If you have a home loan, there are many reasons you may consider refinancing. That could include wanting to borrow more, access different home loan features or simply to get a better interest rate.
Read More7 things you need to get a home loan.
Before you get a home loan there are certain things you’ll still need. We explore what they are and what difference they’ll make to your loan application.
Read MoreHow to use your home equity to buy an investment property.
If you have enough equity in your home, you may be able to use it to buy an investment property and even to build a property portfolio.
Read MoreGiven that I focus on retirement planning for individuals, I am often asked the simple question, “Why?”
There are 3 main reasons: It is needed, I can relate, I can truly help & make a difference.
Retirement planning is complex. As a retiree, you only get to go through retirement one time.
As a retirement planner, I get the collective experience of going through retirement hundreds of times. And I live, eat and breathe retirement for fun.
Read MoreWhen considering switching advisors, the final decision regarding who to hire often resides with the person that handles the day-to-day finances and retirement planning. This is not surprising. But is your spouse in total agreement that person is the right fit?
Read MoreAs you close in on retirement, it’s relatively common to consider changing advisors.
I often inquire when meeting a prospective client for the first time as to why they are considering making a change, and the answer usually falls within one of two categories:
(1) They question whether or not their advisor has the expertise necessary to get them through their retirement or
(2) Their advisor is roughly their age and likely considering retirement as well, so they understandably feel the need to deal with this issue before they retire to minimise the inevitable disruption to their own retirement.
Read More
