Pathway to Wealth
Are you a homeowner aged between 30-55?
Most Australians embark on their life journey with aspirations of achieving the Great Australian Dream: owning their own home. Through hard work and sacrifice, they strive to save a deposit, enhance their borrowing capacity, and secure the home of their dreams—a place to reside for the next few decades and raise a family. Yet, upon reaching this milestone of home ownership, many find themselves uncertain about the next steps to take with their finances. Questions arise: Should I prioritise making additional mortgage repayments? Would salary sacrificing into my superannuation be beneficial? Is purchasing an investment property a wise choice? Or should I start an investment portfolio comprising of shares and ETFs?
After browsing online resources or consulting with family and friends, it becomes evident that everyone holds a distinct viewpoint, and each of the various strategies have yielded success for many people. So, what is the best strategy for you and setting yourself up for success in the long term? The answer is, it depends on your individual circumstances, investment preferences, and life goals. What proves effective for someone may not necessarily align with your needs and goals, as there is no one universal solution.
Our role is to gain a deep understanding of your priorities, crafting a plan tailored to your comfort level and comprehension, enabling the fulfilment of all your objectives. While developing this plan, we will provide advice on the best investment allocation for your superannuation, analyse your cash flow to ensure that you aren’t stressed about meeting your daily living expenses, and have your debt structured in the most effective manner possible.
In addition to collaborating with you to create a wealth generation plan, we’ll also assist with reviewing your insurance needs to safeguard you and your family in the event of unforeseen circumstances. We’ll offer support in establishing an estate plan to ensure your beneficiaries are cared for and your assets are distributed according to your wishes.
Creating a comprehensive plan that incorporates all these facets of wealth generation and protection can be complex, particularly considering the diverse tax implications associated with each aspect. This is where Nathan’s nearly 8 years of experience as a tax accountant proves invaluable. You can rest assured that your financial plan will be meticulously designed to optimise tax efficiency and capitalise on potential tax-saving strategies.
Other Ways We Can Help
Countdown to Retirement
Approaching retirement can bring uncertainty, but it’s never too late to take control of your financial future. You might be wondering, ‘When can I retire?’ Hiring an expert retirement financial advisor provides you with the clarity you need to answer that question confidently. We’ll help you understand when retirement is realistic for you, what kind of lifestyle you can enjoy, and how to grow your wealth to ensure a secure and comfortable future.
Retire in Style
Retirement is a major milestone, marking the beginning of a well-deserved chapter in your life. As you celebrate this transition, our top priority is to help you make the most of your retirement. We’ll guide you through the complex Centrelink Advice, taxation and superannuation regulations, ensuring you maximise your benefits and enjoy the retirement you’ve worked so hard for. Let us help you navigate these challenges so you can focus on enjoying this exciting new stage of life.
Perfect Foundations
General Advice Warning: The information contained on this website has been provided as general advice only. The contents have been prepared without taking account of your objectives, financial situation or needs. You should, before you make any decision regarding any information, strategies or products mentioned on this website, consult your own financial advisor to consider whether that is appropriate having regard to your own objectives, financial situation and needs.
Disclaimer: Whilst Coleman Wealth Pty Ltd is of the view the contents of this website are based on information that 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 Coleman Wealth Pty Ltd or GPS Wealth Ltd or any officer, agent or employee of Coleman Wealth Pty Ltd or GPS Wealth Ltd.
Sharon Goodwin is an Authorised Representative of GPS Wealth Ltd AFSL 254 544, Sharon Goodwin is a Sub-Authorised Representative of Coleman Wealth Pty Ltd ABN 93 670 350 071, a Corporate Authorised Representative (455141) of GPS Wealth Ltd ABN 17 005 482 726
Licensee contacts
T: 02 8074 8599
A: Level 11, 45 Clarence Street Sydney NSW 2000