Considering that I’m a Financial Planner in my 30s this is a question that I often hear, and feel somewhat qualified to answer. Most of my friends, and parents at my daughter’s school, are between the ages of 35 and 45, and one thing I have noticed is that there is a general misunderstanding of what it is that I actually do for clients on a day-to-day basis.
When I first meet with someone, there are two main aims of the initial conversation: • Do I believe that I am the right person to help them? • Do they believe that I am the right person to help them? To answer these questions, I first need to understand what current problem or challenge they are looking to address. Often, it’s hard to articulate a specific problem, and the challenges can be even more general in nature: • “I just feel like we’re getting nowhere financially and we need help” • “I think that we could be doing more with our finances, but I don’t know where to start”
1. Estate Planning Review a. Who do you want to look after your children if both of you pass away? b. How will their living expenses be funded? c. How can this be funded in the most tax effective way? d. If your children are under 18, how can your assets be protected? e. How do you want your assets to be distributed, and to whom? f. Who do you wish to nominate as the Executor of your Will? g. Who do you want to nominate to look after your financial and medical affairs if you’re unable to yourself? h. Which Estate Planning Specialist do you want to engage to draft your plan? i. How is your estate plan to be funded?
What types of insurance do you need? How much insurance do you need?
PAT CASEY Pat Casey is a 13-year senior executive turned Financial Planner, who has held executive management roles within Colonial First State and the Suncorp Group in their wealth management and financial planning divisions. Pat also works closely with people in their 50’s who are approaching retirement and are worried if they’ve saved enough money to retire,
P: 1300 79 80 38 E: support@assurewealth.com.au Thanks For Reading Us