Jane Clark Financial Management - Independent financial advice

Despite efforts to encourage retirees to use income stream products, many re still opting for lump sum payments when accessing their super. In fact, there’s been an increase in lump sum withdrawals recently. Are you making the most of your retirement savings? In this article, we discuss why this matters to you and what you can do about it. https://lnkd.in/g6Cbtqmz

In a world that often craves instant gratification, the being patient is invaluable. By embracing a long-term perspective, diversifying your investments, and using technology wisely, you can navigate the financial markets with confidence. As we look toward our financial futures, let’s remember that patience is a powerful strategy for achieving prosperity and peace of mind. Feel free to contact us if you would like to discuss how your investment is performing and whether it aligns with your long term goals....

With significant changes to #superannuation tax laws on the horizon, it is essential for high-net-worth individuals to understand the potential impact on their wealth. The looming increase in tax rates on superannuation balances exceeding $3 million has generated substantial debate. As the implementation date draws near, taking a thoughtful and informed approach is vital. However, note that this measure is not yet law. The proposed superannuation tax changes highlight the importance of proactive and informed financial planning. By staying ahead of legislative developments and seeking expert advice, you can ensure that your financial strategies remain robust and effective, regardless of the changes ahead. For personalised advice and comprehensive planning, please contact our team. We are committed to helping you achieve financial security and peace of mind. #independentfinancialadvice

Entering your thirties often brings more complex financial responsibilities, such as marriage, starting a family, or purchasing your first home. This decade is key to building upon early financial habits to solidify your wealth and ensure long-term financial stability. #independentfinancialadvice #financialstrategies #buildingwealth #firsthome

Building a solid financial foundation in your 20s involves smart debt management, disciplined savings, proactive career development, and early investing. By focusing on these areas, you set yourself up for a financially sound future, avoiding common pitfalls that can hinder economic progress. Stay tuned for next week’s discussion on the financial challenges and opportunities you might face in your 30s, including tips for balancing growing family responsibilities with your financial goals. Remember, no matter what stage of life you’re currently navigating, we’re here to provide tailored advice on how to best manage your financial future. Don’t hesitate to reach out to us for a personalised discussion. We’re here to help you make the most of your financial journey. https://lnkd.in/gMCy2Wfn

Have you ever wondered how your financial needs change as you age? The answer lies in the #lifecycle approach to financial planning. This method, deeply rooted in respected economic theories, tailors financial planning to meet evolving needs as individuals move through different life stages. It ensures strategies are responsive and personalised. #independentfinancialadvice

In July 2024, both the #ASX200 and the S&P 500 exhibited positive performance, with the ASX 200 outperforming the S&P 500. The Australian residential #propertymarket also demonstrated resilience and growth despite economic challenges. However, affordability issues remain a significant concern. Market predictions suggest that the RBA may maintain its #cashrate at 4.35%, though further rate hikes are still possible if inflation data continues to show persistent price pressures. #independentfinancialadvice

While #divorce is undoubtedly a challenging time, avoiding these common financial mistakes can help secure your financial future. Remember, the decisions you make during this process will have long-lasting impacts on your financial well-being. Take the time to understand your finances, seek professional advice, and make informed decisions based on your long-term financial goals. With careful planning and consideration, you can navigate this difficult transition and emerge on a stable financial footing for your new chapter in life. Please contact us if you have any questions. #independentfinancialadvice

These superannuation changes for the 2024/25 financial year offer opportunities for Australians to enhance their retirement savings. The increases in contribution caps and the Superannuation Guarantee rate are legislated and takes effect from July 1, 2024. However, it’s important to remember that the proposed changes regarding paid parental leave, high balance tax rates, deeming rate freeze, and payday super are not yet law and may be subject to change. As always, it’s advisable to consult with a financial adviser to understand how these changes may affect your individual circumstances and retirement planning strategies. Please feel free to contact us if you have any question.