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Chis Caton is the Chief Economist for BT.  Click the link below to access the December 2008 version of Caton's Corner titled "2009 will be better for investors - near a certainty".

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Are you looking for a financial adviser based in Crows Nest, New South Wales, 2065?  Apex Partners is a full service financial services company servicing the needs of people who require a finanical adviser in Sydney, Crows Nest, the North Shore, Northern Beaches and throughout Australia.  Your intial consultation is free.  Call us now on 1300 856 338 to book your appointment.  We can meet in our offices located at 133 Alexander Street, Crows Nest, NSW, 2065 or in your own home.   

Many people think estate planning is only for the very wealthy or for those who have complicated business structures or tax issues.  Estate planning is relevant for most people who have assets.  An estate plan can also be useful throughout various stages of life.

What is estate planning?

Many people tend to ignore their super and put off thinking about thier retirement until it's just around the corner.  Adding to your superannuation contributions can be an easy, tax effective way of topping up your super.

What is salary sacrifice?

Salary sacrifice is where you 'sacrifice' some of your gross salary and instead of receiving this part of your salary, your employer pays the same pre-tax amount into super for you.

Retirement can seem a long way off, however there are many reasons why planning now can put you in the driver's seat later.

Retirement may last longer than you think

Have you thought about how long your retirement could last?

The bottom line is that in order to make sure that your money doesn't run out before you do, you need to plan to be retired for at least 20 years.

This means you need to start thinking seriously about how you are going to provide for retirement and consider seeking financial advice now, rather than later.

Gearing (borrowing to invest) has been a popular wealth creation strategy.  By enabling you to invest more money, gearing has the potential to improve your overall financial wealth.

Investment gearing is simply borrowing to invest.  Gearing allows you to use your existing investments to borrow additional funds and expand your portfolio.  By doing this, you will have more money working for you and be able to generate greater wealth for your retirement.

Gearing can also be a tax effective strategy as the interest on borrowings for investment is usually tax deductible.

There has been strong focus on getting people to save more for retirement with strong emphasis on being able to afford an active lifestyle, but many overlook the necessary requirements for aged care as we are now living longer.

Aged care is a growing issue that many people prefer not to deal with until it happens.  However taking this approach can be expensive and emotionally stressful for everyone connected to and including the person requiring aged care.

Knowing how to manage money helps you make smart choices and allows your money to work harder for you.  You will be more likely to avoid traps that can undermine your ability to achieve your financial goals.  You will be in a better position to pay off debt and build savings.

Financial planning is the process of achieving your life goals through proper management of your finances.  Some typical life goals are; buying a home, saving for your child's education or planning for retirement.

The financial planning process consists of six steps that help you take a "big picture" look at where you are financially.

The process involves: