At AMCO Strategic Financial Advice we like to ask the fundamental questions and then listen to what is important to you now and well into the future.
How comfortable are you that your current lifestyle can be maintained from your investments when you stop work?
Do you wonder if you are paying more tax than legally possible?
How comfortable are you that current lifestyle can be maintained if you cannot earn money due to injury / illness?
If you have young children, how comfortable are you that they will be able to secure their first home before the age of 30?
If the previous questions raise a level of discomfort we suggest that it is prudent to have a confidential conversation with one of our experienced advisors.
Our integrated practice provides tax / Accounting and Financial advice working together to achieve the best outcome for you as our client, by collaborating knowledge all into one practice we look at it as compounding i.e. four eyes are better than two, 8 eyes better than four.
As experienced financial advisers, we offer tailored strategies, educating and choices that are simple and easily understood. We subscribe to the philosophy of practising in the complicated art of making things simple and easily understood.
"Everything should be made simple but no simpler - Albert Einstein"
In recent times, we see that more Australians are seeking financial advice as they become increasingly less financially resillient, with the latest research showing about 69% of adults experienced significant levels of financial stress last year. ( ref. financial standard 18/9/17).
Most clients have initial perceptions that they have sufficient wealth to justify the cost of advice. Two thirds of Australians (64%) believe they need to have a certain level of wealth before it would be worthwhile for them to pay for financial advice.
These Austalians believe they need to have at least $270,000 on average.
Time is a finite resource that we need to capitalise on and have money working for us as long as possible during our life span.
It should be noted that seven out of ten Australians have concerns relating to retirement adequacy. A similar percentage of retirees approach retirement with some dependency on the Age Pension as a support mechanism which is only 50% of what would be considered as comfortable retirement.