Finance News

Do I still need a financial planner?

Do I still need a financial planner? Author: Con Koulouris  A financial planner is a professional who can help you meet your financial goals. You may reach a stage where your finances are secure and you no longer require the services of a financial planner. Here’s three milestones towards achieving that goal. STEP 1: Pay out your home loan. A home loan is large financial commitment. The interest you pay offers you no tax benefit and can be very costly. A financial planner can assist you with strategies to pay off your debt faster. A financial planner can also help you protect your interests if you are ever unable to make your loan repayments. STEP 2: Educate yourself in all matters of financial planning. A financial planner has extensive knowledge of financial strategies and relevant laws and regulations. They can keep you up-to-date and informed as things change. It is important to ensure you have the right skills to manage your own finances. STEP 3: Build your wealth. A financial planner will no longer be needed once your wealth is at a level that meets your income needs and provides for all future needs. This includes any legacy amounts you want to leave to future generations. These goals may seem difficult to achieve, but partnering with a qualified financial planner can help you get there. The final objective of any financial planner is to ensure the client is financially secure and, ultimately, independent.   General Advice Disclosure: This document contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. If you decide to purchase or vary a financial product, your financial adviser, AMP Financial Planning and other companies within the AMP Group may receive fees and other benefits. The fees will be a dollar amount and/or a percentage of either the premium you pay or the value of your investment. Please contact us if you want more information.

ASCK Pty Ltd (ACN 105 450 566), trading as AMEGA Financial Solutions is an Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited Australian Financial Services Licensee and Australian Credit Licensee 232 706. General advice warning: This website contains general information only. It does not take into account your objectives, financial situation or needs. Please consider the appropriateness of the information in light of your personal circumstances.

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