Retirement Age vs Preservation Age vs Age Pension Age
I’ve recently noticed a bit of confusion about retirement age and the age you’re eligible for the Centrelink age pension on some social media platforms, I’m still young and cool I swear! To prove how young and cool I am, the algorithm shows me a lot of “finfluencers.” For those who aren’t in the know, finfluencers are […]
How much do I need to retire?
I get this question a lot, not just at work, but basically the first question whenever I tell someone I am a financial planner. Funnily enough, it might not be as much as you think, it just depends on what lifestyle you expect to live in retirement. Here are the savings targets for current retirees (aged […]
What happens when I apply for Insurance?
When you apply for any type of personal insurance you will need to answer a lot of questions, whether that be on a paper application or via a tele-interview (an underwriter from the insurance company calls you and asks all the questions). These questions will include, but are not limited to: Height Weight Date of […]
Funding Insurance
Following on from my last blog I will go a bit deeper into different ways to fund insurance and Stepped vs. Level premiums. Life, Total and Permanent Disability (TPD), and Income Protection can be funded from superannuation, personally, or a mix of both. Trauma can no longer be funded from superannuation. There are benefits to […]
Scam alert!
We just had a comment on our latest Facebook post from a scammer. I have deleted it and blocked the person but wanted to take this chance to remind everyone we will never post anything that is personal advice. This includes investment recommendations. If you see anything on here that doesn’t seem right please do […]
What is Personal Insurance?
You may or may not know that financial planners will help you out with personal insurance and not general insurance. General insurance is your car, house, etc. Personal insurance is your Life, Total and Permanent Disability (TPD), Trauma and Income Protection. What is Life insurance? Sometimes referred to as death insurance, this is a lump […]
Keeping up with the Joneses
One thing I have learned in my time working in finance is that no matter what income you have it is still very easy to fall foul of the old trap of keeping up with the Joneses. Thanks to some very clever advertisers we are always trying to get the next thing that will make […]
Good Financial Planning is a Long Game
Something that comes up quite often is people wondering how to make money, and fast. A good financial planner will be able to assist you with making money but on the other side of that coin, a ‘good’ planner knows the risks of trying to do it too fast. You won’t find me making a […]
Thank you!
Recently I reached out to some of my new, and long-standing clients, to ask for reviews on the Adviser Ratings website. I am overwhelmed with the reviews and how positive they are. I cannot thank them enough for taking the time to share such kind words. I truly enjoy the work I do and love […]
Welcome to 2023
As we all settle into the New Year I will keep this one short and sweet. We hope everyone had an amazing break and is feeling refreshed! We are back on deck here at BW Private Wealth so if you want to come in for a chat feel free to reach out. Look forward to […]
