4. Strategy development – explore & generate possible strategies

After defining your needs, goals and any concerns or issues we will explore several possible strategies to determine your best course of action. Firstly, we consider your current financial position. Secondly, work towards achieving your desired future financial position.

We would then compare two or three preliminary strategies. Depending on your financial circumstances, goals, attitude and concerns, our strategies would consider questions such as:

Can you increase your regular savings
Can you better utilise your savings to increase your wealth
Can you increase your take-home income (tax effective strategies for receiving income)
Can you reduce expenses to meet short-term goals
Would salary packaging benefit you
What strategies would assist you in achieving your long-term goals
Are there any health issues that may affect your ability to achieve your goals
Do your current investments reflect your attitude towards risk
How much income will you need for retirement
What strategies can be generated to achieve income requirements
Do you have (adequate) superannuation
Are you self-employed
What strategies are in place to reduce your risk (insurance and investment)
Can your estate planning strategies be improved

We would then discuss the proposed strategies and based on your preferred strategy prepare our written recommendations.