Why many investors choose industry super funds over SMSF—and why many don’t. There are as many situations as there are individual investors. SMSFs, or “Self Managed Super Funds,” have become a popular choice among individual investors and small groups of investors, while industry super funds have also become a popular choice for individuals. While there…
Many Australians carry both trauma cover and total disability insurance (TPD). Here’s why. Although trauma cover and total disability insurance (TPD) are similar, they are designed to produce two different outcomes. That makes it important to understand what both coverages do and what they don’t do. Trauma Insurance: the Basics Trauma insurance is taken out…
Finance broker provides tips to help simplify and refine the process of investing. Investing can be confusing for those who aren’t “in the business.” Today’s investment landscape is fraught with pitfalls for an inexperienced investor trying to “go it alone.” Though we always recommend going to a professional finance broker, here are some investment basics.…
A basic guide with facts that can help you compare income protection insurance. Income protection insurance is designed to help provide funds for you and your family in case you are unable to work for an extended period of time. Illness or injury can create a lot of unanticipated expenses, compounded by the fact that…
Useful facts about maximising your superannuation guarantee and securing your future. At Approved Financial Planners, we are experts at helping you maximise your super funds to help ensure a comfortable retirement. Consequently, we always recommend seeing a professional financial planner such as those in our Perth office to look at your individual situation and make…
How the financial planning process can help you control your future without adversely affecting your current lifestyle. We often refer to financial planning as a product. In reality, though, it is a process in which your finances are managed in the short term to produce long-term gains and financial security. A great financial planner can…
Why income insurance is an important part of protecting a subcontractor’s assets. Subcontractors find themselves in a unique position. They don’t have a boss or a regular paycheck, meaning that they don’t have access to workers’ compensation or sick leave. If they become too sick or injured to work, they don’t have a financial “cushion”…
Can astute financial planning, such as an AMP Super Fund, help quell fears of Australian men worried about their retirement? The Survey Recently, The Digital Edge conducted an exclusive survey for News Corp Australia, entitled, “Men and Money.” 1,000 men from various parts of Australia were surveyed on the impact of financial difficulty on their…
The best way to understand life insurance is to realise that there is nothing to be afraid of when discussing it. By its very nature, life insurance can be scary because it involves accepting one’s mortality and setting affairs in order to protect them from the aftermath of events that nobody likes to talk about.…
What aspects of finance can be improved by financial planning and why superannuation regulations in Australia can be difficult to navigate without qualified help. Many Australians ask whether or not they need a financial planner. While we cannot give blanket advice to anyone, we can give you an idea of situations in which a financial…
