Plan 2 Prosper

Nearly two thirds of Australians are worried that they are not financially prepared for retirement, a survey by Russ Knight research on behalf of Plum Financial Services has found. Half of the respondants did not know how much to save to achieve their retirement goals, although 80 per cent knew that superannuation guarantee payments alone would not be enough. Despite this, most were unlikely to contribute more.

Its a sobering thought …. What do you think?

Where to from here?

• Contact us
• Get more information about an Educational Forum for you and your friends
• Register and receive regular email updates

Dan Smith is a self employed Financial Planner based in Rockhampton. He has clients in various locations throughout Australia but predominately in Central Queensland and specifically the geographic area encompassed by the Rockhampton Regional Council.

Identifying your lifestyle and financial goals is the starting point for any long term wealth accumulation plan.

What are you saving for:

• A new home?
• A new car
• An education fund for your children?
• A holiday?
• A retirement income, or a combination of all the above goals.

If your goals are realistic compared with your income and needs, then a successful wealth accumulation plan will have the flexibility to attain each goal at the time it is required to be met.

(more…)

There’s been much written on the proposals delivered in the 2006 Federal Budget. It is expected that these proposals will streamline and simplify superannuation arrangements, and improve incentives to work and save. Follow the link below to access a client guide to the budget proposals put together by MLC Financial Planning.

Client Guide to 2006 Federal Budget