Balancing the budget

• Learn ways to plan and also teach kids the value of money.
• As a parent there is always pressure on spending

Education funding‍

• Set aside money for the kids education as well as your own retirement.

‍Security‍

• Make sure you have life insurance as Wills in place.

Tax

• Dealing with taxation systems in different countries can make it difficult to plan for the long term
• Beware of unexpected tax consequences and consider alternative
• Find out whether foreign superannuation schemes will still work for you once you are back in NZ.

Cash flow management

• If there is a problem, is it a shortage of income or really just a case of overspending on less important stuff?
• Identify your goals, analyse your spending and allocate money for what’s really important to you.

Retirement planning

• Find out how much you will need for the retirement lifestyle you want – then work out how you can achieve it.

Salary sacrifice

• If your employer contributes to a super scheme on your behalf, you can save tax – find out if this will suit you.

Education

• Financial literacy is a huge factor in becoming financially independent
• Education in the workplace via seminars and individual consultations will reap rewards for employees and employers alike
• Prepare for redundancy.

Tax

• Ensure you have the best structures to optimise your tax position.

Diversifying

• Invest some of your profits into other sectors for your own personal planning.

Asset planning

• Ensure you have accounted for the scenarios if something goes wrong.

Exit strategies

• If you will eventually sell your business, plan to maximise its value; identify potential purchasers
• Think about where to invest the proceeds and how you will spend your time.

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Kids left home

• Now you have no other demands on your income, enjoy the freedom to plan for yourself.

Mortgage repaid

• You have the deeds to your house and extra money each month

• Accelerate your savings, improve your lifestyle, renovate – but have a plan.

High surplus income

• Invest regularly or use the surplus to fund new debt but for investment now
• Explore some strategies.

Focus on retirement in 5, 10, 15 years‍

• Shorter term goals are easier to visualise – but impending retirement can be scary
• Do the numbers to see what you need and set a balance between lifestyle today and when you stop work.

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Income

• Will NZ Superannuation be enough for you?
• Will you need income from investments as a stop gap before age 65?  Establish a range of investments to generate a stable cash flow

Security

• You’ve worked hard to accumulate money so you don’t want unnecessary investment risk
• You want to take care of mortal issues as well.

Hassle free‍

• Simplify your financial arrangements; find an adviser you can trust and enjoy a worry free retirement.

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Income

• Will NZ Superannuation be enough for you?
• Will you need income from investments as a stop gap before age 65?  Establish a range of investments to generate a stable cash flow

Security

• You’ve worked hard to accumulate money so you don’t want unnecessary investment risk
• You want to take care of mortal issues as well.

Hassle free‍

• Simplify your financial arrangements; find an adviser you can trust and enjoy a worry free retirement.

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