The Importance of Reviews

 

 

Is your financial plan still relevant?  

The review meeting is a critically important ingredient in maximising the likelihood that you will achieve – or exceed – your financial objectives.  Many things which impact your current plan can change.  This may include: 

•    the birth of a child
•    a change in employment
•    a change in your family situation
•    health issues
•    social security issues
•    new investment opportunities.

The review meeting is an opportunity to confirm that everything remains on track – or to modify or change the plan to suit new conditions.  During the review process, your Financial Adviser will speak with you and gather information about your personal circumstances and review your current financial plan in regard to:

•    your financial planning needs and objectives    
•    your income and expenditure
•    your life insurance needs
•    deductible and non-deductible debt
•    the economic environment
•    investment and superannuation portfolio performance
•    your taxation position and any relevant changes in the current tax law
•    any opportunities to reduce your tax payable

While this is not a conclusive list, it gives you just a glimpse of what can change.  Ultimately, the review process is all about reaping the benefits of having a trusted Financial Adviser working with you over time to ensure you are reaching your financial and life goals, and that you are doing it as efficiently and effectively as possible. Efficient in that it’s working as well as possible for you, and effective in that it’s actually the right thing that is working for you.

How long is it since your reviewed your financial plan?  Maybe it’s time to set up an appointment with your Matrix Financial Adviser now.

The advice is general in nature only and does not take into consideration your financial  situation, goals and needs. Please seek advice prior to acting on this information.

For more information please contact our Office on (02)4297 3601 or email us at
admin@claysfinancial.com.au.