Financial Advice - The facts
|What's worse? No financial advice or bad financial advice? It's probably a close run thing.
Why do you need a financial adviser?
How much super do I need and should I salary sacrifice? Is it better to pay off a loan or invest that inheritance? Is my family protected if I can't work? What's a Transition to Retirement Pension? How do the new super rules affect me? How do I reduce my debt?
These are some of the questions a financial adviser can help you answer. But more than that, a good financial adviser should be focused on helping you to achieve your financial goals, whether you are just starting to plan your financial affairs, have a lump sum like an inheritance to invest, or are planning for retirement. A professional can help you make more informed decisions about your money with a sound financial plan.
You are most likely to need an adviser when your circumstances change. Financial advice helps you make decisions about your money, particularly at key financial turning points of your life such as taking on a mortgage, starting a family, planning for retirement or actually retiring and starting a pension.