Portfolio Management & Review

Selling your home and using the proceeds is a common strategy to fund the costs of Aged Care. However, depending on your financial circumstances, you may not need to sell your home. By negotiating with the Aged Care facility, you may find that they are prepared to accept alternative arrangements. In any case, it is a complex area and you should seek specialist advice.

Increasing the tax free portion of your super can be very beneficial if you plan to withdraw funds as an income stream before the age of 60 and for benefit payments in the event of your death.

There are strategies can be put in place to increase the tax free component of your super balance.

You should seek advice sooner rather than later. That would give you time to decide on a strategy and become comfortable with that strategy. There will be enough other things happening in your life at retirement without having to grapple with major financial decisions.

Many people assume that you must have thousands to start trading in the share market. This is not the case. Clients can begin investing with $500 (a 'marketable parcel').

We generally suggest that $500,000 is a good starting point to ensure fees (such as accounting and audit fees) are relative to the earnings and size of the portfolio.