The start of a new year is a great time to review your finances. Here are some recent changes and new opportunities to consider in 2019 and beyond.
Whether you are focussed on business growth, financial security, a comfortable retirement or all of the above, a fresh look at your financial landscape with the view to find what more is possible may reveal pictures that entirely exceed your expectations.
The financial planning process isn’t just about your retirement. It’s also making sure that you get to realise your lifestyle potential along the way too.
When it comes to structuring the legal entity of the SMSF, all members are required to be involved in managing the fund and are responsible for complying with relevant super and tax laws. One way that legislation ensures a member’s involvement, is to stipulate that they will be connected as a trustee of the fund.
Embracing the gig economy means you’ll be primarily responsible for building your retirement nest egg. You’ll no longer enjoy the safety net of an employer’s superannuation contribution, and the comfortable retirement you had been planning, could be at risk.
Levels of volatility can vary so it’s important to understand that volatility is normal and there’s no need to panic. Understanding that volatility is a normal part of long-term investing in particular options can help to reduce your concern and worry.
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