Maintaining Life Assets

 

Welcome to Maintaining Life’s Assets. You are now wondering whether you will have enough money in retirement to ensure you have an adequate lifestyle.

• Maintaining Life Assets

  • Debt Management

  • Investment Planning

  • Life & TPD Insurance

  • Trauma Insurance

  • Tax Planning

  • Transition to Retirement

  • Salary Packaging

  • Estate Planning

 

 

 

Debt Management

 

The great Australian dream is to 'own your own home'.  Seems like a good idea,  but in the rush to buy a home before the price rises, many of us are missing out on the chance to own other assets - assets that can produce an additional income and dramatically reduce the tax you pay year after year after year.

 

• I haven’t bought a home yet, but when is the right time?

• Am I better off renting until I can accumulate a larger deposit?

• If I borrow 90% will the interest I pay to the bank be less than what I’m now paying in rent?

• How much are the stamp duty costs and legal fees?

 

Don’t expect to get advice from the Bank Manager as his/her role is to lend as much a possible to you so that the profit from the interest and other charges will benefit Banks’ shareholders. And yes, the Real Estate Agent wants you to buy the home they have listed as they will receive commission from the seller of around 2% of the purchase price, which is usually built in to the price you will pay.

 

There is nothing wrong with this as they are providing you with a service – you simply need to be aware of the role they play in purchasing a home.

 

The decision to purchase a home should be made years before visiting a Real Estate Agent.

 

Our role is to consider your overall circumstances and to provide you with advice on establishing a strategy to accumulate a level of wealth (a deposit) to meet your financial goals (your home purchase). Our Senior Financial Planner, Paul Stephenson has a banking background and all your lending needs can be arranged at our office.

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