Despite the ever advancing information found online, the 5 Key Life Stages You Could Use a Financial Planner will always have a place in time for quality advice.

As a result, it always pays to ensure you are getting the right advice.

Life Stage 1

Buying Your First Home.

For many Australians, purchasing their home is the largest financial transaction they will do in their lifetime. Therefore, careful consideration of how much debt should be taken on is needed. With this in mind, our role is to help buyers think about the debt burden they’re willing to carry as well as how they’re going to save.

Buying your first home

Life Stage 2

Reducing Your Mortgage.

Likewise, reducing your mortgage as quickly as possible is one of the key focuses for reducing debt. However, it often takes a back seat when ‘whims’ take over. While it is important to direct additional income into non-mortgage related purchases and investments, reducing your mortgage should still remain a top priority.

HINT: For instance, once the value of your mortgage is less than 50 per cent of the home value, funds that may have previously been directed towards paying off your mortgage quickly, can be put towards different investment and tax saving options.


Another option could include the changes to the deductible super contributions. Many PAYG earners should now be considering additional super contributions. For that reason more tax benefits are received. For example, withdrawing $10,000 from the mortgage offset account will cost 4-5 per cent in interest cost. This could provide a net tax benefit of 32 per cent for those in the top tax bracket.


TIP:  Building wealth outside of super


Have a plan before getting into debt. In fact, if you are already in debt, look at how to get out of debt sooner. The size of bad debt you hold reduces your future wealth.

Depending on how debt is structured, it is either helping you or hindering you. Building wealth outside of super is a consideration and might involve an investment property or share investments. Therefore, advice of a good financial adviser in any these areas allows you to structure and build wealth whist saving money. Consequently, maximizing possible tax advantages.

Remember, a mortgage broker, bank or financial institution is being remunerated on the size of your loan. It is in the bank’s best interest to lend as much as you can possibly afford over the next 25 or 30 years of your working life. We say, a mortgage broker and bank or financial institution will get you into debt. It’s our job to get you out!”


Building wealth outside super

5 Key Life Stages You Could Use a Financial Planner cont

Life Stage 3

What is your retirement date?

Retirement savings maximization should ideally start 20 years from retirement. However, those five to 10 years from retirement should focus on building and loading up your superannuation nest egg. This could be through concessional contributions. The key is you need time to get well prepared.

Equally important, we provide advice on how to increase your super contributions in the most tax effective way and how your superannuation should be invested. It is based on your risk appetite and the associated returns.

Retirement Planning

You may be in a position to also take advantage of the non-concessional contributions. In particular, the three-year bring forward rule. Careful planning is needed around the age in which the contributions will be made. Therefore you are able to maximize the total amount that goes into super.

If you want to know more, call Arthur on 7111 00 22 or email


Life Stage 4

Loss of future income.

Understand the most under appreciated risk is the risk of a loss of future income.

As a society, we seem to have no problem with insuring our home, car and other assets. Whatever cost the annual premiums are. Yet why do we question the value of insuring our future income earning ability in the event of an untimely health issue?


Income Protection

We have seen first hand that personal insurances have an important role to play. An unexpected illness that requires extended treatment or rehabilitation and other situations can happen at any time in our life. Consequently, your income is usually impacted. Personal insurance, particularly when debt levels are high and dependent children are young are times when your recovery can be made considerably easier if you don’t have to worry about your income whilst you are recovering.

Therefore if you are earning an income, now is the time to insure it.

Don’t have personal insurance in this area?? Request a full financial wealth check now.


Life Stage 5

Transferring wealth to our kids and loved ones

In the event of receiving an inheritance via a testamentary trust it can provide significant asset protection and tax advantages. We now see more parents starting to consider and offering assistance to their children prior to their death.

An example of this could be; if there is a sum of money, say $50,000 or more. But careful consideration should be given as to whether the amount is simply a gift or whether it should take the form of a loan. Hence, a signed loan document in place and with some type of repayment required, protects the retired and those approaching retirement who may wish to pass along wealth sooner rather than later.

Transferring wealth - Estate Planning

As a result, inheritance questions form a key part of our 5 Key Life Stages You Could Use a Financial Planner. Probably being received later in life as we are now seeing extended life spans but an inheritance may pose a risk to your family’s harmony and it is always better to safeguard your children’s relationships. So be sure you are prepared and that you have your wishes clearly organized and formally written before you leave the planet!


Independent Advice is Best

Be assured, we are not owned by an institution which means we can explore the full range of options to help you achieve the best outcomes. There’s no conflict between the advice we provide and any investment solutions we recommend you to reach YOUR goals.

Put simply, our professional role is to simplify anything complex and deliver certainty in your financial life so you can achieve that which is most important to you.

We invite you to experience the unique FMG Wealth Strategists difference.

If you want to make sure you and/or your business is properly protected, we’re always offering  no-obligation appointments to discuss what your insurance strategy should be. Call us on 08 7111 0022 or email to arrange an appointment.




Happy Clients

Clarity and structure with a clear plan is so inspiring

Clarity and structure with a clear plan is so inspiring and knowing where you are going financially makes every day like Christmas. What you do today, creates your tomorrow so I’m making the best of my today. Thank you Arthur!

Thank you for our Whole Wealth strategy session

Arthur thank you for our Whole Wealth strategy session. Please convey our thanks to Debbie too for opening up a new view for us and to consider the bigger picture. My wife & myself are now actively thinking, planning and taking action about the years ahead with your help.
Djay D.








Disclaimer: This article is factual information only. It is not intended to imply any recommendation about any financial product(s) or to constitute tax advice. The information in the article is reliable at the time of distribution, but may not be complete or accurate in the future.


For information that may be suitable for you, call us on 7111 0022.

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