Forde Financial Planning – Specialising in superannuation advice and retirement planning (including Guaranteed Annuities, Pensions and Aged Care). We take the time to ask what is important to you. Financial freedom involves having goals and knowing the needs and objectives necessary to attain those goals.

Wealth creation offers security and greater life choice. Knowledge about your investments and understanding how your investments are working offers a peace of mind about your investment structure.

Here at Forde Financial Planning we advise on Superannuation, Retirement Planning, Wealth Creation and Personal Insurance Protection (i.e. life/income protection). Let us plan your future with you.

Lee Forde

Financial Planner

Lee is the founder of Forde Financial Planning in 2005 and is a Financial Planner with 30 years experience in the Financial Services Industry. He is also a member of the Association of Independently Owned Financial Professionals (AIOFP). Lee is the senior adviser in the Altona Meadows and Derrimut offices. Lee provides financial advice in all areas of financial planning including pre-retirement and retirement planning, superannuation planning, investment advice, estate planning and personal insurance.

What is Super? Why do you need Super? Food for thought: What options do I have when I retire?

What is Super?

Superannuation is a tax-effective means of saving for retirement by investing money during your working life.

Contributions to your super are made regularly by your employer and topped-up where possible with voluntary personal contributions.

The contributions received by your super fund are then pooled with the contributions of all the other members of the fund and invested in a variety of different sectors such as property, cash, fixed interest, Australian equities, international equities and so on, depending on your choice.

Super can:

assist you with long term savings
help provide you with a financially comfortable and secure retirement
give you access to favourable tax treatment of super contributions and benefits, and
give you access to insurance offered by your super provider and the associated tax savings and benefits.

Super is about helping you achieve the type of lifestyle you want in retirement.

Why do you need Super?

Superannuation is one of the simplest and most tax-effective ways of saving for your retirement. And saving for retirement is now more important than ever because:

we’re living longer

we’re an aging population, and
many retirees do not have adequate savings to help fund their retirement.

The combination of these factors puts pressure on Government funding in two important areas: healthcare, and the age pension.

With fewer people working and paying taxes to support these schemes, there is less public money to support more people.

As a consequence, the government provides significant tax incentives to encourage workers to use superannuation to save for retirement.

Ensuring you have adequate superannuation may be the difference between a comfortable retirement and one fraught with financial concerns.

Food for thought:

You are likely to be in retirement for longer than any generation
A 55-year old woman’s life expectancy is now 85.5.(1) With an average retirement age of 60(2), that’s over 25 years spent in retirement. How you thought about how much money you might need in your retirement?

You might need more money than you think
The Westpac – ASFA Retirement Standard figures for the December 2009 quarter show that for a comfortable lifestyle in retirement, a single person requires $38,611 a year and a couple, $51,727. The means-tested government pension falls far short of this benchmark and is unlikely to provide you with enough funds to enjoy the lifestyle you desire in retirement.
Your employer super payments may not be enough to meet your retirement goals
The current nine per cent super guarantee paid by employers is insufficient to fund a comfortable retirement, according to research commissioned by the Investment and Financial Services Association (IFSA).(3)

While IFSA recommends lifting the minimum contribution to 12 per cent of salary, the general sentiment is that the Government is unlikely to mandate any increase in the near future. The onus is therefore firmly on individual investors to make up the shortfall with additional contributions.

What options do I have when I retire?

There are several options available to you once you are eligible to receive your superannuation benefit. While it’s one thing to have a lump sum of money saved for your retirement, it’s another to have a regular cash flow to meet ongoing expenses throughout your retirement years.

Some ways you can achieve an income stream are:

By withdrawing your super as a lump sum and investing those funds in income-bearing investments.

Keeping your super benefit within the superannuation system and drawing a regular income from those savings (ie a pension or annuity).
Keeping your super benefit within the superannuation system and drawing ad hoc lump sums when required.
Qualifying for social security, age pensions, service pensions or other benefits.
A combination of the above.

Investor Profiles

Investors come from all walks of life and income groups, including graduates, shift-workers, parents and retirees.

In years gone by, investing outside the property market was seen as a remote and expensive process, largely out of reach to all but the wealthy and well connected.

Today with the advent of online trading and mandatory superannuation, investing is not only more accessible that ever before, it is also an unavoidable reality for all working Australians.

With such a variety of investors it is important to distinguish between the different attitudes and needs of different investors and how such traits might affect investment choices.

Knowing what sort of investor you are before you invest, will go a long way to help you reach your financial goals in the most comfortable and effective manner.

The aggressive investor generally:

has a good understanding of financial markets
is comfortable with taking risks with their investments
is not concerned about short-term volatility (fluctuation in returns), and
tends to be younger and/or invests for the longer-term (5+ years).

The moderate investor generally:

has a reasonable understanding of financial markets
seeks a broad, diverse investment portfolio
prefers to avoid volatility but can accept moderate risk
seeks both income and capital growth (increase in their initial investment over time), and
invests for the medium to long term.

The conservative investor generally:

is uncomfortable with market volatility
requires regular income with limited capital growth
seeks to protect their investment value from the effects of inflation
has basic investment knowledge, and
has a shorter investment horizon.

Disclaimer

Forde Financial Planning Pty Ltd ATF The Forde Family Trust (Corporate Authorised Representative No. 422691) and all our advisers are Authorised Representatives of Sambe Investments Pty Ltd T/A Finchley & Kent, Australian Financial Services Licence No. 478766, ABN 67 078 995 856, and has its registered office at Level 14, 309 Kent Street, Sydney NSW 2000.

Sambe Investments Pty Ltd Australian Financial Services Licence applies to financial products only. Please note that Property Investment, Tax & Accounting, Mortgages & Finance are not considered to be financial products.

Disclaimer: The information contained within the website is of a general nature only. Whilst every care has been taken to ensure the accuracy of the material, Forde Financial Planning Pty Ltd ATF The Forde Family Trust and Sambe Investments Pty Ltd T/A Finchley & Kent will not bear responsibility or liability for any action taken by any person, persons or organisation on the purported basis of information contained herein. Without limiting the generality of the foregoing, no person, persons or organisation should invest monies or take action on reliance of the material contained herein but instead should satisfy themselves independently of the appropriateness of such action.

The information on this website is general information only and is not intended to be a recommendation. We strongly recommend you seek advice from your financial adviser as to whether this information is appropriate to your needs, financial situation and investment objectives. Whilst every care has been taken in the preparation of this website, Forde Financial Planning Pty Ltd, its directors, authors, consultants, editors and any persons involved in the construction of this website, expressly disclaim all and any form of liability to any person in respect of this website and any consequences arising from its use by any person in reliance upon the whole or any part of this website.
Copyright The information on this site, including the site source code is the property of Forde Financial Planning Pty Ltd and is subject to Copyright ©. Unauthorised use of the information on this website is not permitted. Copyright in the information contained in this site subsists under the Copyright Act 1968 (Cth) and, through international treaties, the laws of many other countries. It is owned by Forde Financial Planning Pty Ltd unless otherwise stated. All rights reserved. You may download a single copy of this document and, where necessary for its use as a reference, make a single hard copy. Except as permitted under the Copyright Act 1968 (Cth) or other applicable laws, no part of this publication may be otherwise reproduced, adapted, performed in public or transmitted in any form by any process without the specific written consent of Forde Financial Planning Pty Ltd.

Terms & Conditions of use

The information in this site has been prepared in accordance with Australian law for the supply of goods and services. This notice and the information in this site and all matters relating to either are governed by and are to be construed according to the laws applicable in the State of Victoria and the Commonwealth of Australia ("Australian law"). The information may not satisfy the laws of any other country. It is not directed at people in any other country and should not be relied on by people in any country other than Australia. The information in this site is current at the date of publication but may be subject to change.

Links

This website may contain a number of links to other Internet sites. The provision of these links does not mean Forde Financial Planning Pty Ltd endorses or accepts any responsibility for the content, use or products and services made available through these websites. If you use these links, you acknowledge and agree that Forde Financial Planning Pty Ltd is not responsible for the actions, content, accuracy, privacy policies, opinions expressed, services provided, or other links provided by these sites. You further acknowledge and agree that Forde Financial Planning Pty Ltd is not responsible either directly or indirectly for any damage or loss caused by use or reliance on linked sites. Should you have any questions regarding these sites, you should address them directly with the relevant site administrator.

Financial Services Guide Part 1

Financial Services Guide Part 2

Investment – Superannuation – Retirement -Insurance – Gearing – SMSF Investment

Licensee

Forde Financial Planning Pty Ltd
is a Corporate Authorised Representative (No. 422691) of
Sambe Investments Pty Ltd T/A Finchley & Kent.
Australian Financial Services License No. 478766

Sambe Investments Pty Ltd T/A Finchley & Kent |
Australian Financial Services Licence No. 478766 | ABN 67 078 995 856
Level 14, 309 Kent Street, Sydney NSW 2000
T 1300 770 996 | E info@finchleyandkent.com.au | W finchleyandkent.com.au

1300 852 588

Unit 3/72 Makland Dr,

Derrimut VIC 3026