A holistic approach to your financial wellbeing.
How can you benefit from Financial Planning?
At Richardson Financial Advisory, we understand that each financial journey is unique. Whether your goal is to buy your first home, invest in property or shares, or prepare for retirement, our team of financial specialists is dedicated to simplifying the management of your money and investments.
Financial planning involves a thorough examination of your current financial situation and a clear vision of your future aspirations. We work collaboratively with you to develop tailored financial strategies that align with your objectives, ensuring that your goals become attainable reality over time. By taking a proactive approach to financial management, you can secure a prosperous future and make informed decisions today that will benefit you for years to come.
A financial adviser can help you with budgeting, cash flow management, a savings plan, superannuation, tax planning, home loan repayments, debt management and reduction, insurance, investments and also planning for retirement.
“Planning is bringing the future into the present so that you can do something about it.”
Explore our services
Cash Flow Management
Superannuation and SMSF
Insurance
Retirement Planning
Aged Care
Investment Advice
Cash Flow Management Superannuation and SMSF Insurance Retirement Planning Aged Care Investment Advice
Cash Flow Management
Together we can create a tailored financial strategy that you’ll be able to stick to without giving up your treasured avocado on toast.
Our financial advisers can help you with budgeting, cash flow management, a savings plan, superannuation, tax planning, home loan repayments, debt management and reduction, insurance, investments and also planning for retirement.
We’ll help you manage your finances so that you can
Understand how to manage money more effectively
Grow your cash reserves with the help of a strategic savings plan
Learn about new pathways to grow your wealth
Implement practical ways to pay off your debt
Spend and save with a tailored cash flow plan that suits your lifestyle
Start building your retirement nest egg way before you’ll need it
“We can help you create a cash flow plan that works with your lifestyle, not against it.”
Investment Advice
If you’re planning to invest, it’s important to have a clear understanding of your financial goals, and how your investment strategy will help make these goals become a reality.
The first step is to determine what you want to accomplish with your money and when you want to achieve it.
Despite the often-volatile nature of investment markets, investing remains one of the most effective ways to grow your wealth over the long term.
Having a sound investment strategy is not just for people with existing wealth - we offer investment advice to people of all ages helping them plan for their financial future.
To understand your goals, we need to know about your current financial situation and what you're currently aiming towards building with your wealth.
A good way to start planning is to determine your own goals
Am I saving to buy my first home or investment property?
Am I building a nest-egg for retirement or getting ready to retire?
How comfortable am I with risk?
How long am I planning on investing my money before I need it?
Having clearly articulated goals combined with our advice, guidance, and direction will give you the focus you need to make astute investment decisions. Our Newcastle Financial Advisors will help you adjust your investment strategy as your circumstances change over time to ensure you’re always achieving the results you’re aiming for. By aligning your financial objectives with a tailored investment plan, we can help you navigate the complexities of the market while staying on track toward your long-term aspirations. Regular reviews and adjustments to your strategy will enable you to capitalize on new opportunities and mitigate potential risks. Trust in our expertise to guide you through each phase of your financial journey.
“An investment in knowledge pays the best interest”
Retirement Planning
Regardless of what retirement means to you, one thing is for sure - no one wants to spend their golden years worrying about money.
We are all living longer and for most of us, compulsory superannuation payments or the Age Pension alone won’t be enough to help us achieve the retirement lifestyle we’re dreaming of.
A bit of careful planning can help to eliminate the worry of not having enough to live on...
And the best way to find out how much you’ll need for a comfortable retirement is to speak to a financial adviser.
With more than 30 years in financial planning services, we know that your ideal retirement is as unique as you are. Our experience has taught us that the key to a successful retirement is careful planning.
At Richardson Financial Advisory, we spend time getting to know your dreams for life after work so we can help you achieve them with a detailed retirement strategy, that’s purpose built for you.
Consider your retirement planning checklist
Your financial adviser will help you work out the nitty gritty of your retirement plan, but in the meantime, you might want to start the process by considering the following..
When would you like to retire?
How many years of retirement do you need to provide for?
What are your lifestyle goals in retirement?
How much money will you need to fund these goals?
How much superannuation savings do you have?
Do you have any foreseeable expenses you need to allow for?
Do you have any dependents who will require ongoing financial support?
“We’ll work with you to build the right retirement plan for you and your goals”
Superannuation and SMSF
How can your financial adviser help you grow your superannuation?
Maximise your super savings over your working life.
Understand your tolerance to risk and building an appropriate portfolio to match it.
Make use of any concessional and non-concessional contribution caps.
Provide guidance on making additional contributions to superannuation.
Develop a tailored strategy to invest your superannuation to meet your retirement goals.
Identify potential taxation incentives within the superannuation environment.
For most of us, our superannuation savings will form a substantial part of our retirement plans
Your superannuation balance is largely influenced by a number of factors such as how long you’ve been saving in the superannuation environment, what your investment returns have been like over time, and the contributions made by you and/or your employer.
In many ways, your Superannuation is a key to unlocking a comfortable retirement and your financial adviser is there to guide you to create an investment strategy that maximises your Supers potential.
“How much superannuation savings will you need for a comfortable retirement?”
The figure of one million dollars is often touted as a rough guide as to how much money you will need in superannuation savings to enjoy a comfortable standard of living in retirement. However, the reality is that many people will approach retirement age with substantially less money. This is where advice from a financial adviser can be particularly beneficial. An adviser can assess your situation and provide you with strategies and recommendations to boost your superannuation savings while you are still working.
Aged Care
Moving into an aged care facility can be a stressful and emotional time for all involved. In our experience it often happens unexpectedly, and many important decisions need to be made within a short period.
Amidst the turmoil, financial questions arise:
Should we keep the family home?
How much can we afford to pay?
How much support will Centrelink provide?
Whether considering options for yourself or deciding how best to help someone close to you, residential aged care can be a complex area requiring careful thought.
A Financial advisor can help with the decisions you need to make and identify which strategies are best suited to you and your families circumstances.
We can also help you keep your plan on track with an annual review in case your circumstances, or external factors such as legislation, change.
We can provide you with an overview of all options available to you in an environment that is supportive, compassionate and respectful of the wishes of all concerned.
A financial adviser can help you and your family prepare for the aged care process by:
“We understand the complexities of the aged care system, including the various options for in-home and residential care, associated costs, payment options and government support.”
Navigating Age Care legislation
Communication with Centrelink
Identifying tax offsets
Cash Flow Planning
Pension provisioning
Helping you understand your financial options
Insurance
You insure your car and your home, but few things are more important than your family and your ability to make a living.
Unfortunately, with life’s twist and turns, an unexpected illness, injury or worse can strike at any time.
Personal insurance is an essential part of any successful financial plan.
It provides you with the peace-of-mind that comes from knowing you and your family will be taken care of if the unexpected happens. But choosing the right personal insurance strategy can be harder than it looks.
What types of insurance can we assist with?
Life Insurance
This type of cover is designed to provide your family, or any nominated beneficiaries with a sum of money/regular income stream if you were to pass away. It also provides a benefit if you are diagnosed with a terminal illness.
You probably insure your home, its contents and your car, yet your ability to earn a regular pay packet often gets overlooked in the insurance stakes.
We often think we won’t come in harm’s way, but a simple run around the park with the kids or a drive to the shops could see you experience an unexpected injury that could put you out of work for weeks – even months or years.
Your income is something you shouldn’t overlook – research shows that 77% of Australians aged between 45 and 64 don’t have adequate levels of insurance.*
*Source: KPMG
Total and Permanent Disability (TPD)
This cover is intended to pay you a benefit to help cover living expenses or repay debt if you become permanently disabled which prevents you from being able to ever work again in any occupation that you are suited to by education, training or experience.
Income Protection
If you’re unable to work for a temporary period of time because you’re unwell or have a disability, IP pays you an income stream intended to cover your living expenses for a specific time period. This may be beneficial if you’re self-employed, have a family or have debts like a mortgage.