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Future Financial Services Blog

by Alex McKenzie

Financial planning advice to guide you through your life stages. Financial advice for when you are looking to buy your first home, start a family or looking to retire. This blog aims to show the relevance of Superannuation, insurance and investment for everyday families.

21
April
2017

Self Managed Super Funds

Is a Self-Managed Super fund appropriate for you?

In recent times, Self-Managed Super Funds (SMSF) have become very popular and, for many investors, they represent an excellent vehicle to manage their retirement assets.

 

It is my belief that for many Australian’s who have an SMSF, it is not the most appropriate structure. Truth be known, often the person recommending the fund benefits greatly.  As a financial planner, a SMSF client is gold as they are generally high revenue clients.  The same applies for accountants and those involved with property investment, we are all incentivised to recommend an SMSF. Is this best for the client? Often the answer is yes, it is a great option, however, in a lot of other situations, I’m less confident that an SMSF is appropriate. 

Written by: Alex McKenzie Categories: Future Financial Services Blog

19
January
2018

Debt Trap

Stuck in the debt trap, how did we get here?

Over the years I have come across many clients who are drowning in debt and seem to be caught in a hole from which they can’t escape. A significant portion of their income is funding debt repayments, cash flow becomes tight and any unexpected expenses present the potential for further shortfalls resulting in even more debt. It is a horrible position to be in and, for many, they see no way out.

 

In order to end this cycle, the first step we take is to identify how we got here in the first place. Was it the result of continual over-spending? Was it a one-off event or just not allowing for the unexpected costs that are inevitable in life?

Written by: Alex McKenzie Categories: Future Financial Services Blog

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