A healthy financial plan requires saving and investing and it is important to know how they differ. Putting some money aside in a savings account is good for providing a safety net and achieving short-term goals, while investing may provide higher long-term returns and should create wealth and income over time.

Total and Permanent Disablement (TPD) approvals are granted when someone has experienced a life changing health event or injury. Naturally, they come with concerns about future financial security and clients are often quite distressed. If you have had a superannuation TPD claim recently approved, we recommend you seek financial planning advice before you make a withdrawal. TPD payouts allow for some unique and technical financial strategies.

Investing in your family is always a good thing however research consistently shows that women are more likely to take time out of paid work to care for children. This leads to a short fall when it comes to retirement savings. The latest research from ASFA shows a 25% difference, with the median balance for those aged 60 to 64 at $211, 996 for men and $158, 806 for women. 

Financial setbacks hurt. They are not uncommon and happen for many reasons. If this has happened to you or someone you know it is important to know that you can rebuild. 15 years ago, a new client appeared on our doorstep seeking advice on how to get back on his feet. We love this story as it is a pin up case study on the benefit of a financial planner and a disciplined client working together.