Welcome to the latest edition of our client
newsletter! We've included a mix of articles designed to share our insights and experiences, we hope you
enjoy reading them.
In this edition we discuss setting yourself up for a wealthy future and
provide you with information on aged care strategies and explore the issue of life insurance and income
protection for the self employed.
If you would like to discuss any of the issues raised in
this newsletter, please don't hesitate to contact us.
We hope that everyone has a love-filled
Valentines Day and in the meantime, we hope you enjoy the read.
Best regards Steve and Janet
Set yourself up for a wealthy future
The new year is a great
time to revisit your goals and dreams for the future. If everyone around you is cracking on with their
resolutions and you're still not sure what you should aim for, you might need to change your time frame.
Most New Year's resolutions are things that can be achieved in a year, whether it's getting in to a consistent
habit or reaching a particular end point. But there's one worthy goal that, while you can start working
towards it now, is actually pitched way in to your future.
Retirees who are living the dream
most likely didn't just win lotto. Chances are they took steps to build their wealth. Steps that, broadly
speaking, you can emulate. And if you haven't thought about it, well, now's the time because the earlier
you begin, the better.
It all starts with getting back to basics.
For budgeting to work, it needs to be sustainable. That generally means smaller cutbacks and sacrifices
over a longer time Read
What is your aged care funding strategy?
When it comes to planning
for retirement few of us think beyond the opportunity to travel and do all those things we've been putting
off until we have more time and fewer responsibilities. It's safe to say that moving into residential
aged care is not on anyone's bucket list. But as the population ages, it's a possibility that few of us
More than 3.6 million Australians, or 16 per cent of the population, are currently
aged 65 and over.iThis is projected to grow to 22 per cent by 2061, or more than one in five.ii We're
also living longer. The average Australian can expect to live into their 80siii, and many of us will live
That means more of us will need some form of aged care late in life. And as pressure
grows on aged care service providers to cater for more people, the costs may rise.
In recent years the government has tightened the rules around the calculation of means-tested
fees for Read
Life insurance and Income Protection for the self-employed
are over two million self-employed Australians in the workforce today.i Running your own business can
be rewarding in many ways. However, without the safety nets and security offered by larger corporations,
it's important to consider financial protection as part of essential business planning.
small business owners think about their insurance needs, they immediately think to put cover in place
to protect their physical assets, such as cars, equipment and buildings. However, they often miss the
most important asset in their business themselves and their key people.
People are the most
important asset in any business. If a person is lost to a business due to death, sickness or disability
it will have a significant impact. An event like this can lead to a drop in revenue, loss of clients and
could even lead to the banks calling in any debts or liabilities.
Arrow Focus on Wealth
2 Thredbo Drive
Worongary Qld 4213
P 07 5530 3500
Steve Culpitt is a Sub Authorised Representative ( AR 270473)
of Arrow Focus on Wealth.
Arrow Focus on Wealth Pty Ltd is a Corporate Authorised Representative
(CAR 270472) of GPS Wealth Ltd AFSL 254 544 Australian Credit Licence 254 544 ABN 17 005 482 726 General
Advice Warning: This communication contains general advice only. The information has not been prepared
to take into account your specific objectives, needs and financial situation. The information may not
be appropriate to your individual needs and you should seek advice before making any decisions regarding
any products or strategies mentioned in this communication.
Disclaimer: Whilst Arrow is of the view
the contents of this article is based on information which is believed to be reliable, its accuracy and
completeness are not guaranteed and no warranty of accuracy or reliability is given or implied and no
responsibility for any loss or damage arising in any way for any representation, act or omission is accepted
by Arrow or GPS Wealth Ltd or any officer, agent or employee of Arrow or GPS Wealth Ltd.