PLAN YOUR FINANCIAL DIRECTION AND MAXIMISE YOUR HARD-EARNED DOLLARS
Consulting a financial planner is often something you think you need to do when you are heading for retirement but the earlier you have a strategy in place, the more comfortable your life will likely be.
The Financial Planning Association of Australia’s (FPA) 16th annual Financial Planning Week is August 22-28 with a theme of “Dare to Dream”.
According to IMB Bank’s Practice Manager – Financial Planning, Rob Weston, you need to start “daring to dream” as soon as you begin earning a regular income.
“Although getting your finances in order at any age is a great discipline, the younger you start the less likely you are to squander your hard-earned money,” Rob says.
“The other benefit is the advice a planner can give you about the complex areas of superannuation and taxes so you are focusing on achieving your financial goals from the get-go.
“A good financial strategy that starts early can result in thousands of extra dollars in your pocket as you go through life,” he says.
Ken and Lauren Ogden from Shellharbour on the NSW South Coast now have peace of mind having consulted a financial planner about their insurances after the recent birth of their baby.
When their IMB Bank home loan was approved about four years ago, they discussed their insurances with their local branch manager who recommended a session with IMB’s financial planners.
“I had often thought about going to a financial planner but I hadn’t done anything about it,” Ken admitted.
And he still didn’t until the recent arrival of their son, Riley, when it hit home again that he really needed to check he had the right insurances in place for his family in case of an unexpected event.
“We were so glad we did because the review showed that we were under-insured and it has now been sorted out with the help of IMB Financial Planning.
“We have Life Insurance, Income Protection Insurance, Trauma Cover and Total Permanent Disablement Insurance, among others, so I have peace of mind that if anything happened, we are covered and my wife and child would be okay,” Ken said.
And he recommends other young couples do what he did – consult a financial planner.
“It was the best thing I have done. Many young couples think they will do it when they are older but it was great for a review of where we were at financially and how we could increase our worth. Don’t wait. Do it and start planning for your future,” Ken said.
This article has been prepared by IMB Financial Planning for general information and reference and it is not intended to be advice. It does not take into account your objectives, financial situation or needs. You should seek your own legal, accounting, financial or other professional advice when appropriate, and consider the relevant Terms and Conditions, Product Disclosure Statement and Financial Services guide before deciding whether to acquire any products or services offered or arranged by IMB Financial Planning. IMB Financial Planning Ltd acts on behalf of a number of insurers. We do not recommend any third party products or services referred to in this article and we are not liable in relation to them. Any links to third party websites are for your information and we do not endorse any content on those sites. IMB Financial Planners are Representatives of IMB Financial Planning Limited ABN 23 094 730 195 AFS. Licence No. 234660, a wholly owned subsidiary of IMB Ltd trading as IMB Bank. ABN 92 087 651 974 AFSL No. 237 391.
Louise Di Francesco
(0418) 617 869