Category: Money & Life by FPA

Is it time to throw out the retirement planning rulebook? | Money & Life

Is it time to throw out the retirement planning rulebook? A ‘mix and match’ approach to advice is replacing one-dimensional thinking around retirement income. Based on their attractive tax treatment, other than the Age Pension, account-based pensions (ABPs) remain a retirees’ primary and often only source of retirement income. However, given that the likes of ABPs and term deposits are agnostic to the individual objectives of retirees, there is a growing appetite by financial planners …

Blog / FP - Financial Planning / Money & Life - Work & Retirement / Money & Life by FPA   / / / / / / / / /

Supporting clients with super choices during the COVID-19 crisis | Money & Life

Supporting clients with super choices during the COVID-19 crisis Policy changes and market volatility are throwing the spotlight on super as the COVID-19 crisis ramps up. Get insights from industry leaders to keep in mind as you talk to clients about options for their super. The COVID-19 pandemic cast a long shadow over the 2020 Retirement Conference held on 31 March in more ways than one. As you’d expect at this time of social distancing, …

Blog / FP - Financial Planning / Money & Life by FPA   / / / / / / / / /

Innovative income streams untangled [CPD Quiz] | Money & Life

On July 1, 2019, innovative superannuation income streams became a viable offering for product providers, financial planners and clients. However, the rules governing these new income streams, also referred to as Comprehensive Income Products for Retirement (CIPRs), are complex. On July 1, 2019, innovative superannuation income streams became a viable offering for product providers, financial planners and clients. Such income streams, also referred to as Comprehensive Income Products for Retirement (CIPRs), were given a significant …

Blog / FP - Financial Planning / FP - Retirement / Money & Life - Work & Retirement / Money & Life by FPA   / / / / / / / / /

Where to seek advice in uncertain times | Money & Life

Where to seek advice in uncertain times The COVID-19 pandemic is a global crisis and people the world over are experiencing impacts in their lives as a result. To keep your anxieties about money to a minimum, find out where you can turn for help to secure your finances and income. With the ongoing escalation of the COVID-19 crisis many people are struggling. Huge changes are happening and we’re all being affected, socially, emotionally and …

Blog / FP - Financial Planning / Money & Life - Financial Advice / Money & Life - Get Advice / Money & Life by FPA   / / / / / / / / /

Getting cash flow under control for retirement | Money & Life

Getting cash flow under control for retirement When you compare your current lifestyle, expenses and savings with what you’re planning for in retirement, does it all add up? Find out why it’s important to balance your cash flow now with the super savings you’re going to need in retirement. Living from pay cheque to pay cheque is something that many Australians are used to doing. In fact, based on levels of personal debt, quite a …

Blog / FP - Financial Planning / Money & Life by FPA   / / / / / / / / /

Role-reversal: When parents are relying on you | Money & Life

Role-reversal: When parents are relying on you As your parents get older, your whole family will be facing lots of changes. Supporting them during this time can be challenging, with lots of choices to be made. Get some tips to help you prepare for this role-reversal without it becoming a burden or a cause of family conflict. In the later stages of life, many seniors want to stay independent for as long as possible, but …

Blog / FP - Financial Planning / Money & Life - Family and Life Events / Money & Life by FPA   / / / / / / / /

Corporate or individual trustees: An SMSF conundrum [CPD Quiz] | Money & Life

An examination of the advantages and disadvantages of establishing a SMSF with a corporate trustee structure or individual trustee structure. It is generally accepted that a self-managed superannuation fund (SMSF) must typically be established with either a corporate trustee structure (where all members are directors of the corporate trustee) or with individual trustees (where all the members are also individual trustees of the fund). In many cases, the decision to use individual trustees instead of …

Blog / FP - Financial Planning / Money & Life by FPA   / / / / / / / / /

Kids off the kerb | Money & Life

Troy Rosenlis AFP® is seeing the positive benefits that education, work experience and training is having in breaking the cycles of dependency for disadvantaged youth in Melbourne. Grant recipient: Kids Off The Kerb Grant amount: $8,000 Endorsed by: Troy Rosenlis AFP® FPA Chapter: Melbourne With a five year involvement with Melbourne-based not-for-profit, Kids Off The Kerb, Troy Rosenlis AFP® didn’t have to think twice about endorsing this organisation for a 2017 Make the Difference! Grant, …

Blog / FP - Financial Planning / Money & Life by FPA   / / / / / / / / /

Health and holistic financial advice [Free eBook] | Money & Life

As financial planning professionals, it can be easy to confine our advice and interactions with clients to topics related directly to money and finances – after all, that’s what usually gets them in the front door! But as our relationships with clients hopefully grow over time, and we become more familiar with their personal circumstances, ambitions and what is holding them back from achieving their goals, it makes sense that we start working with them …

Blog / FP - Financial Planning / Money & Life by FPA   / / / / / / / / /

A guide to retirement in Australia | Money & Life

A guide to retirement in Australia | Money & Life Many of us think of retirement as a given – you work hard for your middle years, and then you get to bow out of the workforce and enjoy a well-deserved rest, take those bucket-list trips and enjoy the best life has to offer. After all, you’ve made your contribution and now you’ve earned the right to kick back. But unfortunately, retirement isn’t that simple …

Blog / FP - Financial Planning / FP - Retirement / Money & Life by FPA   / / / / / / / / /