Investing in property? Know the costs before you buy
6th January 2025
About You
What would you like more of in your life?
More travel? More time off work? More time with the kids/grandkids? More dining out?
More home improvements? More space to focus on your health or just to pursue your interests?
At Better Wealth, we help our clients ‘Plan for more’, and achieve it!
Get started and set your family up for success
Whether you are starting your first job, buying your first home, starting a family or saving for something special, we want to help give you the best start to your financial journey.
How we can help:
- Set-up a budget to manage your cashflow.
- Review your insurance arrangements and provide recommendations for your growing family.
- Identify lending options to buy or renovate your home.
- Identify investment strategies to help you save for long term goals like your childrens’ education.
- Make recommendations about your super arrangements including personal contributions, salary sacrifice, co-contributions and spouse contributions.
- Recommend if you need to create a Will and an estate plan.
Build wealth & pursue your goals
As the kids grow up and leave the nest, and with a more manageable (or paid-off) mortgage, you’re finally poised to enjoy greater freedom with your time and finances after years of hard work and parenting. Your 50s offer an opportunity to enhance your quality of life while securing your financial future.
How we can help you:
- Manage your cash flow to balance your current lifestyle with future savings.
- Review your insurance to adjust coverage as your wealth grows.
- Identify investment strategies to maximise your wealth and achieve your goals.
- Assess your superannuation, including fund suitability and investment and contribution strategies, to maximise your retirement savings.
- Advise on strategies to reduce tax.
- Review estate planning to ensure your wishes are met and you are protected.
- Guide you through major life decisions, including career changes, downsizing, navigating divorce, relocating, or business expansion/succession.
Prepare for retirement & beyond
As retirement approaches, you may be planning to upgrade your car, buy a caravan, or improve your home, all while dreaming about the exciting adventures that await you after work. Clarifying your goals and establishing the right plans now will give you confidence in your future.
How we can help you:
- Identify and clarify your retirement goals.
- Optimise your income and cash flow.
- Review the structure and suitability of your assets and investments.
- Structure your affairs to minimise tax, now and forever.
- Assess your super and how much you’ll have at retirement.
- Advise on strategies to grow your super and retirement income.
- Determine the role of the age pension and its timing.
- Ensure your funds last throughout retirement.
- Consider the best use of any expected or actual inheritances.
Make the most of retirement
You’re embracing life after work, relishing the exciting opportunities this new chapter brings. At this stage, you want to ensure your finances can support your lifestyle and help you leave a legacy, allowing you to share your wealth both now and in the future.
How we can help you:
- Manage the administration and investment of your retirement savings, allowing you to focus on what matters most.
- Monitor your savings and recommend adjustments to ensure financial stability throughout retirement.
- Offer guidance and coaching to help you navigate financial decisions and reduce stress during volatile markets.
- Explore strategies to maximise your age pension benefits.
- Identify ways to minimize current and future tax liabilities.
- Review your estate plan to ensure it remains relevant and effective.
- Support you through significant life events that may impact your finances, such as the loss of a partner, serious illness, downsizing, or moving into aged care.
