Posted in Financial Planning

  Do You Know What A Financial Planner Does? Most people don't know what a financial planner actually does.   HERE ARE THE TOP THREE THINGS A PROFESSIONAL FINANCIAL PLANNER CAN DO FOR YOU:   1. Help you determine your particular financial goals One of the hardest things for someone who has never prepared a financial plan is to know what they want. For example: When do you want to retire? Do you want to retire or do you just w...

The cost of preparing a Will may be significant, depending on how long it will take a legal advisor to understand your particular requirements, in order to prepare a legal document that reflects your requirements. But you can help reduce the costs, by preparing the basic information your legal advisor will require, before you meet with them (as you may know, most solicitors charge by six minute increments!). To help you get started, I have put together a basic list of information ...

One of the main reasons most people do not achieve their financial or personal goals is because they have'nt made a Plan. That's why the team at MCKFS firmly believe 'everyone needs a plan'! So if you are thinking of developing a financial plan for yourself, here's a summary of the basic steps you will need to follow to make your Financial Plan a reality: Write down a list all of your objectives (financial and personal; the cost; and the date due) Writ...

Vic and I sat down earlier this week, to commence our planning for the 2015 calendar year, and the first item on our agenda? When are we going on holidays?! Now, you might think that planning for your holidays would be the lowest priority, after having just completed a two-week Christmas/New Year holiday break, but in fact, planning for your holidays should be your first 2015 planning priority. Here's why: In order to plan for your 2015 financial objectives, you need to know...

Usually I don't like these types of 'too good to be true' statements, but this one is actually legitimate. The federal government's Superannuation Co-Contribution Scheme is still available, but with some limitations: Your assessable income for the 2014 Financial Year has to be no more than $33,516 You have to make a non-deductible contribution to your super, before 30 June 2014 The federal government will co-contribute 50% of your contribution, up to...