Hands up if you would like to pay less tax. If you’ve had an unexpectedly good year or have sold an asset, tax can become a problem. With the right advice, there may be a solution. Local business owner, Mitch recently came to us for help after selling a property. He was looking down the barrel at a large tax bill and wanted to know if he could minimise this if possible.
Recently referred clients, Sally and Doug had decided that they would like to be able to retire in ten years and they came to see us for advice on how to make their dream a reality. They are passionate adventurers and have a bucket list of challenges they want to tick off, including a trek in the Yellowstone National Park. Sally and Doug were conscious that to do this, a younger retirement would be beneficial, so they had set a goal of retiring at 55.
2021 is already shaping up to be quite eventful. Growth has been a permanent fixture over the last few months fuelled by record low-interest rates and government stimulus. However, with many advanced economies producing favourable growth numbers recently, the prospect of inflation risk resulted in a bloodbath for bond and equity markets last week. This has since stabilised but is this a sign of things to come for 2021?
When our life circumstances change it is not unusual to feel out of your comfort zone, unsure of your path forward, or even overwhelmed. A delightful single man called Mark came to see us recently seeking advice after losing both of his elderly parents in close succession. Mark is in his 60s and has had a successful career in IT. He was trying to work out how to maximise his investment portfolio of shares and property, and his inheritance, to put him in the strongest position for retirement.
