As the nation’s capital comes back to life post the COVID-19 Pandemic, there has never been a more important time to speak with a financial planner.
As the pandemic taught many of us, we must always be prepared to ‘expect for the unexpected. For many people, the pandemic offered huge opportunities. Opportunities in property, the share market, in their personal and professional lives. Meanwhile, for others, it resulted in losses. Losses of businesses, homes, and family units.
The former, those who had opportunities, had the financial stability, and means to take or make opportunities – and that is what financial planners in Canberra are trained and able to do.
Thinking that financial planners are not really something on your radar?
Financial planning has copped a bad wrap in recent years, in large part thanks to the large banks and institutions operating in ways that the industry should not.
With the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry changing all that, financial planners who are not qualified, are no longer in the profession, financial planners who have done the wrong thing, are no longer in the profession and those that are left – are required to offer the very highest quality products and services to you as customers.
How does financial planning work?
Unlike you accountants visit, which for most people is once or twice around tax time, a financial plan is something that you and your planner work on, cultivate and iterate as your circumstances change.
From being single with an income, through to a couple with two incomes, a family, and then maybe single again, or just two of you leading towards retirement – your Canberra financial planner is there for you every step of the way.
Setting up the goals and objectives is the first point, but these are based on your current and future earning capacity, how many years you must work, how much you can invest and importantly…how much risk can you and your family tolerate.
From here, your financial planner will present a set of products and services that provide a solution within your specific parameters and that ensure that if anything happens to cause a deviation in that plan – either positive such as a bonus, better paying job or receiving some inheritance – or negative – such as loss of job, injury or even death – that your plan and financial security of you and your loved ones are secure.
Need to find a financial planning specialist in Canberra to help plan your future?
The key is a consistent and continuous approach to your financial planning. Residents of Canberra understand the importance of having available funds, and it’s not simply for the wealthy.
Financial Planning is for anyone who wants to sleep easy at night knowing that they have money, investments and insurance that will keep them and their families safe and comfortable now and into the future.
Speak to a Financial Planner today in Canberra to find out the next steps of your financial journey – it’s never too late (or too early) to start.
