We work with people at all different stages of life. Whether you’re just starting out in your career, juggling young kids and a full-time job, starting a business with a mate, or already retired, we can help and advise you every step of the way. We work with people just like you who have full and busy lives, and real dreams and aspirations. Our clients come to us because they know they need to get their finances sorted to achieve their dreams. They’re just not quite sure where to start.
Early Career
Superannuation and personal insurance can seem little more than an inconvenience and an expense when you’re starting out in your career. It’s confusing and there’s loads of paperwork. Not only that, a part of your hard-earned salary is going somewhere that you can’t touch it, so it feels like it’s being taken away from you. Plus – you can’t even begin to imagine being old enough to retire – there’s too much life to live before then!
We get that that super and insurance isn’t high on your list of priorities when you first start earning a good salary and have your career and life ahead of you. Back in the day, we felt exactly the same! We can help you find the right super fund and insurances that will grow with you through life. Once it’s all set up, you’ll barely need to think about it again. And we’ll be with you to make sure it continues to deliver what you need.
Couples With Kids
Starting a family is one of the most challenging and rewarding things you can do in life. It’s busy, scary, exhausting, uplifting and exhilarating all at once. Your life changes completely and will never be the same again. This includes how you think about finances. Will you both keep working? What about schools? Will you go public or private? How will you save for the fees – and what will the tax consequences be? Maybe you’ll consider moving to a new suburb so your kids can go to the school of your choice – would that mean a new or second mortgage?
Typically, during this life stage, you spend a lot of money, service a lot of debt and have limited spare cash. How would you manage if one of you became sick or injured and couldn’t work? Or what if one of your kids got sick? Would your insurance cover all the expenses and the time off work? And how can you even afford to get the right insurance, when you’re already strapped for cash?
We’ll help you put the right plan in place to get you through this hectic and amazing time. We’ll make sure you have your savings, investments, insurance and superannuation all in in order so you can enjoy the best that life has to offer – and the worst of its little surprises.
Divorced Singles
Everyone gets married expecting to stay together forever. But unfortunately, in spite of our best intentions, sometimes things just don’t work out that way. Divorce turns lives upside down emotionally, physically, and financially. You might have to contribute some of your financial assets to the divorce settlement – including your super. You might end up a single parent. You may have to seek out employment, when previously you were a full-time parent. At the very least, you will need to cover the expenses of life on your own when you previously shared that load with your partner. What happens when you’re no longer pooling finances with someone else?
It’s tough to feel like you’re on your own. We’ll work with you to make sure you have the right financial support and personal protection in place so you can have confidence about your future.
Retiree Looking To Invest
So, you’ve made the big decision to retire. No more nine-to-five for you! You may be easing yourself into things with a part time job, or some consulting work. Or maybe you’ve taken the big plunge into full retirement. Over the years, you’ve built up a decent nest egg in superannuation and you’re confident that this will get you by. But is your super working hard enough for you? How can you make that next egg return even more, so you can enjoy life in retirement?
Your Forwood Planning Adviser can work with you to review the performance of your current superannuation and ensure you are getting the best returns for the retirement lifestyle that you deserve.
Small Business Partnerships
It’s so exciting starting out in your own business. Even if your aspirations are modest, there’s nothing like creating something of your own, making your mark on the world, and running things the way you believe in your heart they should happen. It’s even better when you share the experience with someone. Working alongside your best mate, trusted colleague, life partner, or family member can make the liberty of independence all the more special, simply by sharing it with someone.
The reality is that all partnership will eventually come to an end – be it through retirement, changes in family circumstances, or the passing of one of the parties. There are many circumstances that can bring a business partnership to a close and even more things to consider about small business partnerships when the time comes to end it.
Do you have a plan in place for dissolving your business partnership?
The best time to plan for this type of change is when you least expect it. It’s much easier to be objective when the situation seems hypothetical. The ideal situation is to have someone facilitate the conversation for you – someone at arms’ length who can also identify when you need to bring accountants, solicitors and other professionals to the table.