Your Childrens Future

Are You Investing In Your Child's Future?

Investing your time and energy into your children comes naturally, you obviously want the best for your children whether it's the gift of a quality education or a bright and confident future.  From all accounts there are many advantages of starting an early financial plan for your childrens future.  With some good financial advice and sensible strategies it's possible to give your children a valuable head start in life, without having to sacrifice your future family time together by working harder.

Are You Stuck In the Daily Challenges Of A Young Family?

Don't procrastinate on your childrens future, we know how tough it is being a parent, how difficult it is to find the time to even consider a financial planner not alone take action.  Our Newcastle financial planners would be delighted to arrange a phone conversation at a time when you're free and can even visit you at home to ensure your you get the information you need to make informed decisions.  Our partners have young families and understand the pressures of financial planning for you and your family at this stage in life, they also know the importance of taking action on you and your childrens future. Take action today by speaking with our Newcastle financial planner or arranging a suitable time by calling 02 4926 2300 and discover the best strategies and financial advice for your individual situation.

financial advice for children

PROTECTING YOUR BIGGEST ASSET -You & Your Family

Starting a family is one of life’s special moments that brings with it both joy and responsibility. You may be juggling your family with a career, a mortgage and working towards growing your wealth. Many people in this stage of their lives do not have the appropriate levels of protection to maintain their lifestyle should something unforeseen occur that leaves them unable to work.  A Newcastle Financial Planner can help with protection.

If you were unable to work have you considered how you would:

  • support your family;
  • maintain your home and lifestyle; and
  • plan ahead for your retirement?

A financial advisor can help with the right strategies and financial products to minimise the risk your assets are exposed to, while still building up your nest egg.


1 in 3 people of working age will suffer an accident or  a serious illness that will keep them off work for more than 3 months.²

 

Take Tom and Sarah for example¹. They are married, both aged 39 with a mortgage of over $500,000 still outstanding on their home. They have two children who they put through private schools and who are now at University and still living at home. David is an Accountant earning $90,000 and Sarah a Nurse earning $45,000 per annum. David has life insurance cover but no income protection or cover against total permanent disability and trauma. Sadly, David was in a car accident and it may be some years, if at all before he can return to work. Support from Centrelink is not an option as Sarah is still working – and even if eligible, Centrelink support would not be enough to cover a fraction of their mortgage repayments.

They are at risk of losing their house, and are currently surviving on support from Tom’s parents. Tom and Sarah not only have to deal with physical and financial stress but also the emotional stress of the situation and its impact on their family and parents as well.

If Tom had income protection insurance it would have ensured their mortgage continued to be paid reducing the financial stress and the burden on his parents. This would leave Tom and his family more time to deal with the physical and emotional issues.

A financial planner could have helped Tom avoid his situation by discussing:

wealth and lifestyle;

  • Current and future financial goals and set up a plan to achieve them;
  • The appropriate types and levels of insurance he needs to protect his
  • The need for an estate plan to protect his family’s financial future.


If you are interested in securing your childrens future by protecting what’s most important to you and growing your wealth, make time to see your Newcastle financial planner today.

Investment advice for children

 

1 The case study is based on a real client situation but is not personal advice.  2 Source: IFSA Under insurance key facts study – August 2005

Disclaimer: The information contained in this document is based on information believed to be accurate and reliable at the time of publication. Any illustrations of past performance do not imply similar performance in the future. This information is of a general nature only. It is not intended as personal advice or as an investment recommendation, and does not take into account the particular investment objectives, financial situation and needs of a particular investor. Before making an investment decision you should see your financial advisor to assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs.

 

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