FINANCIAL PLANNING Our Financial Planning clientele is supported by highly qualified financial planners, who prepare comprehensive financial plans addressing topics such as Retirement Funding, Income Maximisation in Retirement, Social Security/DVA, Estate Planning, Investment Planning, Debt Consolidation, Salary Packaging, Gearing, Mortgage Finance and Personal Risk solutions. Our advice & strategies assist clients in reaching their financial goals, whilst taking into account their needs, objectives and attitudes to risk. The advice provides a framework to assist our clients in building their wealth with the resources available in the most tax-effective way possible. Retirement Advice Our Retirement Planning advice essentially involves designing strategies that will enable an individual (or couple) to gain the maximum efficiency from the assets that they have accumulated over their working life. This ensures that their income and lifestyle expectations in retirement can be achieved. There is increasing recognition that we as a nation have an aging population (due to advances in medical science, standards of living, etc). Compounding this is the fact that many people consider retiring from the workforce before age 65. Living longer and retiring earlier potentially means that retirees could outlive their savings. It is therefore essential that planning for retirement commences as soon as possible into your working life: it is never too late or too early to start! Our advice covers retirement income stream sources such as Allocated Pensions (& Allocated Annuities), Term Allocated Pensions, Guaranteed and Lifetime Annuities (etc), as well as Centrelink and Department of Veterans Affairs (DVA) entitlements (where appropriate and available). Risk Protection One of the most important aspects of developing any strategy is determining what pitfalls (or unforeseen circumstances) could potentially prevent you from achieving your goal or objective. Once you know what could potentially derail your plans you can take steps to either prevent or cater for that occurrence. This is the fundamental philosophy behind Risk Protection. For example: If you created a retirement savings plan, events such as an accident or illness could impact on your ability to achieve your objectives. Income protection insurance can assist in this event. If you suffered a major trauma such as a stroke or heart attack, Trauma insurance could provide the means to overcome the additional medical and other associated costs. In addition, death or permanent disablement may disrupt your objectives (for yourself and/or your dependants). It is therefore vital to maintain appropriate life and total and permanent disability cover at all times. President can assist you in establishing and maintaining an appropriate risk protection strategy. Investments Many people do not speak to a financial planner about investments as they do not believe they have enough to invest. However, a financial planner should be viewed as not just someone to invest your savings: but more as your financial "coach" to assist you in maximising your opportunities. One of the keys to successful long-term wealth accumulation is to develop and maintain a realistic savings plan. Developing a budget and incorporating a savings component is a powerful way of keeping you on track. Directing some of these savings to an investment plan can put you on the path to achieving your goals, and enable you to accumulate funds in the most tax-effective manner. Most people find it difficult to set and maintain a budget, as well as set and maintain financial objectives: President's advice can assist in these areas. We can help you determine an appropriate budget as well as your optimum level of savings. We then can provide suitable recommendations on how best to utilise your savings, including recommending appropriate products. Our main objective is to ensure you are in control of your finances and have clear and flexible goals. Estate Planning With increasing wealth due to higher property values, sizeable superannuation benefits and life insurance payouts, it is not uncommon for most people to have quite a significant estate that needs to be properly organised for their ultimate passing. An effective Estate Plan ensures that that the right assets are placed into the hands of the people intended to receive them. Without an Estate Plan, your objectives may not be able to be achieved and significant taxation and legal consequences could arise. A well documented and structured estate plan (which should involve your solicitor and accountant as well as your financial planner) can assist you by mapping out a strategy that will ensure that your assets pass to whom you want, with the minimal of complexity and taxation implications. :: What you need to know: Any advice on this page is provided by President Financial Services Pty Ltd ABN 29 112 286 950, an Authorised Representative of AMP Financial Planning Pty Limited ABN 89 051 208 327 (AMPFP). AMPFP holds an Australian Financial Services Licence (No 232706). The advice on this page is not based on your personal objectives, financial situation or needs. Accordingly you should consider how appropriate the advice is to those objectives, financial situation and needs before acting on the advice and, before buying any financial product, you should read the current product disclosure statement. For further details including the financial services we can offer you and how we are remunerated, please read the Financial Services Guide.pdf