Author: hylandfinplan

If you’re dabbling in investments and aspire to grow your portfolio, it’s important to understand your risk appetite and invest in line with your financial situation and individual risk tolerance.

While it’s true that every kind of investment come with risks, the level of risk varies depending on the asset class, so it’s up to you to ensure your investment portfolio matches your risk profile.

A financial adviser can help you determine your risk appetite and ensure you are confident in making investment decisions that not only align with your risk tolerance but also with your financial goals.

Tips on Building an Investment Portfolio that Suits Your Risk Tolerance

Tip #1: Know Your Risk Tolerance

Your risk tolerance level will determine how much investment risk you are willing to take to earn a higher return. The higher your risk tolerance is, the greater your potential to earn higher returns. However, bear in mind that the higher you set your risk appetite, you usually risk losing more money as well.

You can gauge your risk tolerance by answering the following questions:

1. Are you comfortable with investing in stocks and other equity-oriented investments even if that means you might lose some money?
2. Are you comfortable losing 30-50% of your money overnight in a falling market even if you have time to wait until the market recovers in the long term?
3. Would you be more comfortable with investing in a fixed income product that has relatively lower returns than other products?
4. What are your financial goals and investment goals? Do you have short term or long term investment goals?

Smart investors match their investments with their lifestyle and financial goals.

For example:

• If you are investing for a house you want to buy in the next 3 years, it may make sense to choose a low-risk investment that does not experience much market volatility. This would be a more conservative portfolio – meaning you can be more certain of your investment returns and enjoy financial security in the short term.

If you are investing for retirement and planning to retire 15+ years down the track, you may have a higher risk tolerance. You may be comfortable taking greater risk in more volatile markets if it means your money will grow more over the long term.

Tip #2: Take Time to Learn about Investment Options

Your investment options are endless.

Before investing in a particular asset class, you should be aware of how it works, how the returns are generated, what the risks are and what the tax implications are. Different asset classes hold different risks. The right asset classes for you to build a diversified portfolio will depend on your financial situation.

If you are new to investing, consider talking to a financial adviser about your investment strategy and how you can match your strategy with an evidence-based market activist as well as your high or low-risk tolerance.

Tip #3: Learn About Asset Classes and Asset Allocation

Asset allocation refers to how you divide your portfolio between different types of investments. For example, you can divide your portfolio between fixed income products, equity products, property and other types of investments.

A well-diversified portfolio will generally carry lower risk as your assets are protected by short term losses by your other assets and investments.

The performance of each type of investment is different so you need to allocate your portfolio in a way that will help you achieve your target returns. However, you might need to tweak your asset allocation regularly depending on how financial markets perform.

Managing Risks and Building a Balanced Investment Portfolio

Your investment portfolio will usually contain a mix of investments that are likely safer than others. For example, you can invest in mutual funds, bonds, stocks, ETFs and other investment vehicles that are relatively safe.

Regardless of how you decide to invest, make sure you account for your levels of risk tolerance, investing goals and time horizon. Diversify your portfolio to reduce risk and help balance your investment portfolio.

How Can A Financial Adviser Help You?

If you’re planning your investment strategy and matching it to your risk appetite, seek investment advice from a qualified financial planner.

It’s best to work with a reliable financial adviser in Hornsby who can help you secure your financial future.

Hyland Financial Planning aims to build a collaborative partnership with clients to help them build and protect their wealth through strategic financial planning and creation. Our goal is to help you reach success – no matter what success looks like to you.

Reach out to us today!

Investments can help you make more money for yourself. However, the secret to achieving your investment goals lies within your taxes.

Generally, as you increase your wealth, gain assets, and build your investment portfolio, the higher your taxes will be. That’s why you need to know how to strategically plan your investments, asset classes, and investment vehicles.

Minimising tax is an important part of growing your own money. There are ways to go about successful investing and pay less tax throughout the process.

You can seek professional advice from a financial planner who can help you make smart financial decisions. For now, let’s dive into some helpful tips so you understand your investment options and can start investing with confidence.

Minimising Taxes Through Investment Strategies

As an investor, you need to have the right strategy to meet your investment goals and financial goals. Minimising taxes should be a part of your strategy. To do that, here are a few different asset classes you can consider using as part of your diversified portfolio.

1. Superannuation or Self Managed Superannuation Funds

Superannuation is your retirement nest egg. It’s meant to help you in the future. However, by investing in your super early, you can enjoy significant tax benefits.

Through superannuation, you can get the following benefits:

• The ability to reduce your taxes in the future
• Lower effective tax rate than what you get through other means
• The ability to grow your money faster through compound interest
• Peace of mind you are contributing toward your retirement savings

You can choose to make concessional contributions or non-concessional contributions to grow your super fund. If you hold a Self Managed Superannuation Fund (SMSF), there are also several investment options to help you minimise taxes.

2. Property

The popularity of property to invest money into is growing in Australia. While other investments can be seen as quite volatile, property tends to be a low-risk investment as property prices continue to rise exponentially.

You can also reduce capital gains tax on your property investments by investing through an SMSF.

Some investors choose to invest in a couple of different properties to diversify their portfolio.

Other investors choose to make the most of tax benefits and opt for a negative gearing strategy. This is when you borrow money for an income-producing investment (such as a rental property) where the investment is not producing as much income as the cost of the asset. The short-term losses can be beneficial to your tax bill in some situations.

A negative gearing strategy can become quite complex and may be risky.

Seek financial advice from an investment advisor who can help you with personal advice based on your current financial situation.

3. Investment Bonds

Investment bonds (also known as insurance bonds) can be another tax-effective investment. Investment bonds are taxed at the company rate (which can be lowered than marginal rates). They also become tax-free after 10 years.

Additionally – with this investment product – you are taxed internally (ie. within the bond) meaning you do not have to declare the earnings you make on your tax return.

Ready to Achieve Your Financial Goals? Get Started with Tax Planning from an Investment Advisor

As an investor, you need to be aware of your tax implications. The good news is that you can reduce your tax with a financial advisor who can provide investment advice.

Ultimately, tax minimisation may not be the most enjoyable or rewarding part of investing, but its importance cannot be underestimated.

Minimise Your Taxes Now with Strategic Investment Advice from Hyland Financial Planning

If you are ready to start your investing journey (whether using property, the stock market or any other different investments), chat with Hyland Financial Planning’s advice team.

Hyland Financial Planning can provide you with investment financial advice in North Sydney to minimise your taxes and help build your wealth. We are located in Sydney and Hornsby, NSW. 

Contact us today!

Did you know?

Six out of ten Australians consider having a comfortable time in retirement a personal problem, while about nine out of ten consider it a national problem, according to ABC’s Australia Talks National Survey 2021.

Retirement planning can be a daunting task, especially when it comes to making the right financial decisions that will have a positive impact on your financial future.

In particular, it’s important to ensure you have enough retirement funds to live comfortably after your hard-working years and without the burden of your nest egg running out.

The age pension combined with your superannuation may be the main source of income for most retirees in Australia, however, without additional savings, this may not be enough to fund your retirement goals. By having a financial plan, you can ensure you are on target with your retirement savings to achieve your ideal retirement.

If retiring early is something you are wanting, then it’s crucial to plan ahead for your retirement and ensure your savings are on track to meet that goal.

Early retirement may seem unachievable to some, however with the right financial guidance and strategies in place, it may be possible.

What is the Standard Retirement Age in Australia?

What is the Preservation Age in Australia?

According to the latest Retirement and Intentions, Australia report released by the ABS in 2020, the average retirement age is 55.4 years, yet most Australians intend to retire at age 65.5 years. Australia has no definitive retirement age, however, to be eligible to access your super you must reach your preservation age. 

Your preservation age depends on the year you were born, but if you are currently under 65 years of age then 65 would be your preservation age.

What is the eligibility age to receive the Age Pension?

This is similar to qualifying for receiving Government Age Pension benefits. Currently, the age you can receive the Age Pension age is 66.5 years but this could be higher based on your date of birth.

As Australians’ life expectancy continues to rise, there is a high chance that your retirement years could be longer than expected. With a retirement plan, you can ensure your money goes the distance.

It is important to note that when it does come time to retire, a comfortable retirement lifestyle can include a broad range of leisure and recreational activities and to have a good standard of living through the purchase of household goods, private health insurance and domestic and international travel, and the like. 

Comparatively, a modest retirement lifestyle requires fewer savings from your income stream but you may only be able to afford the basic everyday living expenses, basic health insurance coverage and small domestic holidays.

Just How Much Should I Have in Retirement Savings?

You might’ve heard you need $1 million to retire – you may have heard this figure being thrown around as the ideal financial retirement amount. But, the truth is there’s no one-size-fits-all amount. A comfortable retirement will look different for everyone.

While seven figures in your super savings may sound great, the reality is most people heading into retirement won’t have anywhere near that amount.

According to a 2019 report by the Association of Superannuation Funds of Australia Limited (ASFA), Australians aged between 60-64 are retiring with a median balance of $154,452 for men and $122,848 for women.

The most common rule of thumb is that the average person will need approximately 80% of their pre-retirement income to sustain the same lifestyle after they retire. However, there are several factors to consider, and not all of this income may need to come from your savings. 

If you are wanting to live a comfortable lifestyle in your retirement, then you may need to ensure you are on track with your cash flow management and are applying the right financial strategies that can grow your wealth.

According to the Association of Superannuation Funds Australia (ASFA), the standard amount to achieve a comfortable retirement is:

• $545,000 for a single person
• $640,000 for a couple

Take these into consideration as you start calculating your super and are saving for retirement:

• Future medical costs
• How long you’re expecting to live in retirement
• The retirement lifestyle you’re hoping to live
• The retirement goals you’re wanting to achieve

To build your retirement savings, you may want to consider making extra voluntary contributions to your super. There are several benefits to making concessional and non-concessional contributions to your super.

Two of the main benefits are:

1. You can reduce your tax pay
2. You can grow your super balance

You can learn more superannuation contributions and more strategies on how to build your superannuation here: How To Maximise Your Super: Superannuation Strategies You Should Try.

Seeking the right financial adviser can help tailor financial strategies to your personal financial situation and goals.

Seek a Retirement Planner to Help You Achieve Your Ideal Retirement

If you are nearing the retirement age in Australia, ensuring you have a retirement plan in place may make a big difference between having a comfortable retirement lifestyle or a modest one. By obtaining personal financial advice, you may be able to provide yourself with the best financial future performance.

There is no average age for retirement in Australia, though many consider 60 years old as a good age to do so. A good rule of thumb is to remember that in order to maintain their lifestyle post-retirement, people will need 80% of their income before retirement.

Do you need help with retirement planning in Sydney?

Reach out to Hyland Financial Planning for help! We aim to improve our clients’ lives with nothing less than success.

Contact us today!

Most Aussies know about superannuation, but they can be unsure of how it works and, more importantly, how it will affect their life after retirement. 

When it comes to saving for your retirement, it’s important to provide yourself with the best possible financial situation, so you can enjoy your golden years. The more money you can contribute to your super the more you can grow your super in the long term.

By planning ahead for retirement, you can ensure you are making the right decisions about your super investments that will benefit you most in the long term.

The extra contributions you can make during your working life can help your super grow.

You may want to seek retirement planning advice from expert advisers at Hyland Financial Planning. They can provide financial strategies that will boost your super without impacting your cash flow, through implementing a tax-effective strategy and by taking advantage of contributions to super.

Here is a guide to some effective super strategies that can help you grow your money for your retirement:

How You Can Boost Your Retirement Savings

Superannuation can be an essential part of your wealth creation strategy. It’s important to form the habit of saving as much as possible through your super. If you save and invest your super wisely, you can have a sizable amount of money for your retirement.

Here are some effective super strategies to help maximise your savings:

1. Start Planning for Retirement as Early as You Can

“Time in the market is more important than timing the market,” says Jason Kirby, founder, and CEO of Aussie Super. The earlier you start, the more time your money has to grow, and the larger your super balance will be at the time of your retirement.

When it comes to investing in your super, it’s a great long-term strategy – simply because you can’t withdraw your super until retirement!

But this means you also get to benefit from tax advantages and compound interest so the amount of super you have in retirement can be maximised!

2. Contribute Regularly to Your Super and Enjoy the Tax Deduction

It is way more effective to make super contributions regularly, rather than all at once.

For Example:

Suppose you only make personal super contributions of $100 per month to your super in the first year. You’ll end up contributing $1200 for that year. Now, suppose you only contribute $100 per month to your super in the second year. You’ll be contributing $2400 for that year. In this case, you’ll have added $4000 in two years.

Making extra contributions to your superannuation can build your savings for retirement. You can even set up regular payments through your online banking or through your employer as part of a salary sacrifice agreement so that you don’t even need to think about it.

3. Making a Salary Sacrifice

If you’re looking for a way to increase your superannuation balance, consider making a salary sacrifice. Salary sacrificing means you agree to your employer that they will contribute some of your salary to your superannuation.

4. Consider a Self-Managed Superannuation Fund

An SMSF option is designed for those with the financial capability and time to manage their own super fund.

Unlike the other two options, an SMSF is not administered by a super fund. Instead, it is administered by an independent trustee. This means you are in charge of all the investment decisions.

Some Australian investors prefer this option because they feel it allows them to control their super fund decisions and investments. This option is especially suited for those who have extra money they want to invest in something more than just your stocks or shares.

To be able to set up an SMSF, you must meet some criteria:

1. You must be over 18 years old.

2. You must have been an Australian resident for at least nine months before commencing the SMSF.

3. You must not be bankrupt or have a voluntary administration.

4. Your super must not be part of a defined benefit fund.

5. You must have at least $2000 to set up your fund.

6. You must have at most $4.5 million in your super fund.

7. You must have at least one member who is 18 years old.

If you enjoy investing, starting a self-managed superannuation fund may be a suitable option for you. To help you decide whether this is the best option for your financial situation, it may be worthwhile seeking an expert financial adviser who can help you make an informed decision.

Seek a Financial Adviser to Help You Make the Most of Your Superannuation

Retirement planning experts can help you grow your super and ensure you are on track to achieving your retirement goals. They can help you to understand your investment options tailored to your risk tolerance and circumstances. To improve your superannuation balance, it’s important to start early!

Hyland Financial Planning can provide you with expert superannuation advice and guidance so you can achieve your financial goals for your later years in life.

Contact us today so we can set a complimentary appointment to discuss strategies!

Nobody wants to get stuck in debt. However, sometimes it is inevitable (ie. your mortgage). But debt doesn’t necessarily have to be a bad thing for our financial future. 

While debt might be unavoidable, there are many ways you can manage these debts for better financial outcomes – including tax optimisation.

Debt can be a very useful tool to build your wealth and achieve your financial goals. But if you borrow beyond your means without a clear reason or plan, or if your debt is not soundly structured, it could affect many areas of your life, not just your finances.

Know the Difference Between Good and Bad Debt

At Hyland Financial Planning, we believe not all debt is equal. Debt can be good debt or bad debt. 

• Good debt is debt that positively enhances your finances and helps you grow your wealth (ie. HECS and educational debts, mortgage, business ownership loans).
• Bad debt is used to purchase items that decline in value. This kind of debt usually comes with additional interest costs as well (ie. car loans, personal loans, credit card debt). 

It is this bad debt that you should avoid at all costs.

If you use debt for an investment that will eventually grow and pay itself back, then this can be a good financial move.

Know How Much Debt You Owe

No matter what type of debt you have, it’s important to know what you owe, so you can make the right decisions to pay down your debt quickly. 

To improve your debt management skills, you first have to know how much debt you have. Make a list of everything and everyone you owe money for, and try to assess whether you’ve accumulated more good debt or bad debt.

The first step to financial planning is knowing what you are planning for. While it might not be the most positive experience, laying it all down will make the picture much clearer. Make a note of interest rates and fees as well, so you know what debts to prioritise.

Assess Your Financial Health

After you’ve consolidated all of your debts, try to compare what you earn, owe and spend. Get an overall assessment of your financial health by asking yourself how much money you will have, how much money you need for necessities, and how to allocate the rest for debt and other expenditures.

If you don’t have a budget to work with, starting with this will help you make better financial decisions in the long run. If you know where to spend and where not to spend, you can assess which expenditures are necessary and which you can do away with.

Work Out If You Can Save on Tax

With a few smart choices, you can transform inefficient debt into efficient debt to improve your tax return. 

You can also choose to use debt strategically to build wealth. 

At Hyland Financial Planning, we can help you transform non-deductible debt into deductible debt, improving your overall tax position while investing in your future.

Work with a Financial Planner to Manage Your Debts Today

When done correctly, debt can be something you don’t have to stress about. It can even be a useful tool for growing your wealth. As long as you know what things to invest in and debts to avoid, you can reap its benefits. 

Our financial planners can support you to:

• Save on tax through efficient debt management strategies
• Pay your mortgage off quicker through our proven payment plan that defines the frequency, amount, and source of repayments
• Consolidate debt for interest efficiency
• Use debt to build wealth and invest in your future

Looking for a financial adviser in Hornsby to help you with debt management?

Hyland Financial Planning is here to help. We provide collaborative financial consultation to help you manage and grow your own wealth. Consult with us today!

In general, people rarely talk about retirement planning and the expenses associated with it. However, as things change, people now seek early retirement planning services to ensure that their transition to retirement goes smoothly and efficiently.

However, financial planning is one of the most neglected topics covered in early retirement. But it is one of the most critical factors of retiring at an early age. 

What are the top financial factors people should consider before retiring?

1. Daily Budget and Usual Expenses

People who want to retire early with enough money need to budget. You should take note of what expenses you need to afford to live comfortably in retirement. 

Establishing a budget is one of the best early retirement planning tasks.

It is also a good idea to have a plan in place to properly manage your finances and make them last for an extended period. Your retirement may end up being longer than you think it is and you may have to find more income sources.

2. The Age Pension and Centrelink Benefits in Retirement

One of the most common early retirement planning tools recent retirees use for income is the Age Pension.

However, depending on your retirement income amount, you may only get a part pension or no pension at all.

If you want to maximise the amount you will receive from the age pension, work with a financial planner/retirement planner.

3. Health Care Costs

One of the most significant parts of a retirement plan is health care costs, especially if you or your spouse has a health problem or medical condition that requires regular attention. 

Some of the typical health costs include health insurance premiums and out-of-pocket medical expenses. People who want to retire early and can afford it should have emergency funds and considerable savings to cover the potential costs of healthcare.

5. Establishing the Retirement Plan

A good retirement plan is one of the most critical factors of retiring early. 

A good retirement plan can help you decide if you should continue working or retire early. Retirement planning is about knowing how much money you need and how to put your plan into action.

But without having a strategy and plan in place, you may feel worried that you will run out of money halfway through your retirement. 

Work with a retirement planner to help plan your finances and savings for retirement. 

Early retirement sounds exciting, but it is not as easy as people think. A lot of work and careful planning is needed if you want to retire early. Retirement planning is essential as it helps people understand their priorities and what they can do now with their finances to achieve early retirement.

Hyland Financial Planning can help you with early retirement planning

Through our retirement financial advice, we hope to help clients develop a sense of preparedness and stability for anything that may come their way. Seeking financial advice in Sydney or Hornsby?

Book a complimentary 15-minute call today!

Many people have a solid retirement savings plan set up for their golden years, but the longer people live, the more their financial requirements will increase.
According to the latest figures released by the ABS,

“An Australian male aged 50 years can expect to live another 32.9 years, and a female another 36.3 years.”

As life expectancy continues to increase, it means your retirement savings will have to last longer. However, there are some other factors that could affect your retirement savings other than life expectancy.

The Cost of Ageing: Making Your Retirement Savings Last

A lifetime is a long time to live on one lump sum. If you want to continue to live your life the same way, perhaps even with some small luxuries, you’ll need to be able to save up some additional money for retirement, especially if you live longer than expected on average.

Aside from medical expenses, your retirement savings may also need to cover other miscellaneous costs such as unforeseen circumstances, the maintenance of your home, and leisure activities such as holidays away or spending time with loved ones.

Here are 3 tips to help you ensure that your retirement funds will last longer:

1 – Estimate The Time Till Your Retirement

Your current age and the time you expect to retire can form the basis of an effective retirement strategy. If you know you have years ahead of you until you reach your retirement phase, then you may want to consider adjusting your portfolio risk.

For Example:

• If you have 30-plus years until your retirement, you may find that changing to a high-risk portfolio can be beneficial. This way, you can reap the benefits of high returns during this long period of time.

Once you are nearing retirement, you can adjust to a more conservative portfolio risk to ensure you are gaining steady returns with less risk of a substantial loss on returns.

2 – Accumulate Enough Savings to Cover the First 20 Years of Retirement

The golden ticket to your retirement savings. When you reach retirement, you could potentially receive an Aged Pension, but it will be unlikely to be enough to fully fund your retirement. Taking steps to grow your retirement is vital. You may want to consider making concessional contributions to your super fund. 

There are two types of contributions you can make to increase your superannuation balance:

• Concessional Contributions: includes the compulsory contribution of 10% of your income before tax and other contributions such as salary sacrifice. These types of contributions are capped at $27,500 per financial year. 

• Non-concessional Contributions: are personal contributions you can make to your super fund which are capped at $110,000 per financial year.

3 – Create a Retirement Plan as Early as Today

It’s important to be realistic when setting your expectations for your retirement. You should ask yourself:

• What are my retirement goals?
• Would I like to travel in my retirement?
• What does my retirement lifestyle look like?
• How much do I currently have in my retirement savings?

After addressing these questions, you may want to start mapping out your retirement plan. By planning ahead, you can make sure you are well aware of all the opportunities that can allow you to grow your retirement savings and ensure your money won’t run out halfway through your golden years.

Seeking advice from a retirement planner can help you ensure you have the right financial strategies in place to achieve your ideal retirement.

4 – Consider Establishing An Estate Plan

Financial security for your family and loved ones may be your number one priority. By ensuring your estate is organised, you can ensure your family and loved ones will be financially protected in the event of your death. 

Estate planning should be considered an integral part of your overall financial plan, as it can provide you with peace of mind knowing your legacy will be left to the ones who matter to you most. 

Learn more about what estate planning is and how you can get started here: How To Build your Estate Plan.

Start Your Retirement Plan Today.

If you want to give yourself the best chance for a comfortable retirement, you’ll want to have a retirement plan in place, so you can understand how to best save your money. With a retirement plan, you’ll have a solid understanding of where your money is going, how to optimise your spending decisions, and what to do when things go wrong.

At Hyland Financial Planning, we believe hope is not a plan and leaves too much to chance. We believe the sooner you receive strategic retirement planning advice—a plan—the more likely you are to achieve what you have in mind for a secure financial future.

If you need help planning for retirement, come to Hyland Financial Planning and get a head start! Our company was founded on the desire to build a collaborative relationship in which our financial advisers share an ambition to improve the lives of our clients with strategic planning, wealth creation and ultimately—wealth success, leaving nothing to chance.

Book an appointment today!

If you are nearing the end of your working days and wanting to transition comfortably into your retirement phase, it’s important you start with a plan to ensure you are aware of all your options. 

Commonly, people worry about how much money they will need during their retirement and if they have saved enough to outlast their retirement days. You may be someone who is fearful of making the wrong financial decisions during this transition and lead you to steer away from spending money on things that bring you enjoyment. 

Whether that may be spending money on a holiday overseas or spending money on hobbies, the fear of constantly making financial mistakes do not lead to a happy retirement. 

The key is having a financial and retirement strategy with the expert help of a financial planner. These professionals can help you straighten out your retirement plan, work out your investment strategies, retirement options and so on.

1. A Financial Planner Is There To Guide You

A financial planner offers help when you don’t know how to plan for retirement, need guidance or want someone else to look after your assets.

A planner can develop an entire investment strategy that is tailored to your needs and wants. 

Aside from taking care of building your retirement savings plan, they may also select, place, and rebalance investments for you, structure withdrawals from your retirement accounts and rearrange your finances to prioritise your best interests.

2. Expert Understanding of the Financial Market

You might have a casual understanding of how the market works, but financial planners usually monitor and actively manage investments. In addition, they also use investment strategies to help ensure you get a good return on your investments.

The right financial planner may be able to help you understand market trends and tap into data and insights.

They may help you avoid misreading market signals, which can be challenging to do alone, especially if you’re not familiar with the market. 

Moreover, your financial planner can move money in and out of your investments on your behalf.

3. Experience and Knowledge of Financial Matters

Financial planners usually have extensive knowledge about investment options, super funds and tips on financial management. So, they can readily help you with every aspect of your retirement requirements.

Essentially, you should feel comfortable knowing you are making the right financial steps with guidance from an experienced financial planner.

4. Financial Planner May Help Reduce Your Taxes

Retirement planning isn’t all about investments. Sometimes, tax implications may need to be considered since tax laws or your circumstances can change over time. If you’re not careful, an asset could carry heavy tax costs or can harm your overall income and wealth.

Financial planners are readily aware of methods to lower your overall tax burden, advising you on the latest significant changes to legislation. They may also keep you informed about new investments and the pros and cons of your decisions.

Financial planners take the big chunk of the financial stress you’re likely going to go through when it comes to retirement planning.

Their expert knowledge lets them simplify complicated financial options for you. That way, you can focus on achieving both short- and long-term financial goals. Planners can handle the management and implementation of your strategies so that you can relax and enjoy your retirement. 

Hyland Financial Planning was founded on the desire to build a collaborative relationship where our financial planners share an ambition to improve the lives of our clients with strategic planning, wealth creation and wealth success without leaving anything to chance. 

We exist primarily to serve our clients’ best interests and secure their financial futures. If you need a financial planner for retirement planning in Sydney and Hornsby, NSW, 

Take the next step and secure your financial future by booking a 15-minute call with us today!

Let us plan your financial future.

A February 2022 Share Market and Investment Update

The share market decline in January 2022 has brought up concerns about inflation, tighter financial conditions and the economic impact of the new Omicron COVID-19 variant – especially for investors.

Some investors are alarmed by predictions of a market crash by the usual loud voices, consisting of doomsayers and exaggerated headlines. 

It’s easy to be reactive to headlines. But it’s important to avoid making impulsive decisions that could have negative impacts on your financial future. 

Markets are said to “climb a wall of worry” and history shows that investors who stay the course are more likely to achieve their long-term goals.

Shares have started 2022 on a dismal note, with many markets around the globe registering a ‘correction’, being declines of between 10% – 20%. 

However, share market pullbacks are normal – and even expected. 

“Fluctuations are a natural part of the share market.“

While it is not unusual for the share market to move from a record high into correction mode, the media has given a great deal of exposure to the latter, causing unnecessary alarm for some investors.

In the chart above, it can be seen that share markets regularly experience significant sell-offs. The drivers of those pullbacks are diverse and often centre around a combination of rising valuations in the presence of some external risk factor, which could be political, economic, or a “black swan” event (such as a pandemic). 

Since the Global Financial Crisis, markets have successfully navigated the European Debt Crisis, a China slowdown, Fed policy tightening and the worst of Covid-19.

While it is too early to know if the recent correction in shares will lead to a capitulation and a bear market (losses of 20% or more), the upcoming interim reporting season will be of heightened importance.

Investors will focus not only on company operating performance, but also on the outlook comments by management. If expectations are missed, it is likely that some stocks will be heavily marked down. Given that this is often an overreaction, it may turn into a buying opportunity for the patient investor.

Which investor do you want to be?

One of the most important things we can educate our clients on is:

• to not be distracted by short-termism
• to avoid exaggerated media noise, and
• to avoid listening to friends about what they should be doing with their investments in the short term and instead, follow professional advice that aligns with your values and goals.

For the time being, economies are on relatively stable footing, with falling unemployment, rising capital investment, excess savings ready to be deployed and businesses keen to get back to some semblance of normal. 

As usual, we at Hyland Financial Planning will keep a close eye on events as these unfold.

You can have peace of mind knowing our financial planners and investment advisers are consistently monitoring market performance to ensure our clients are always well-positioned to receive optimal investment results. 

If you have any questions or want to talk about investment strategies with one of our financial planners, please reach out. Our door is always open.

Every person’s dream is to retire early and enjoy the rest of their lives, making the most of their savings. 

This goal can be made more challenging if you don’t have adequate savings or a financial plan. 

Early retirement is an option that seems far-fetched for most people. However, that doesn’t mean that it is entirely impossible to achieve. 

Would you believe me if I said you could retire at 60, 50 or even 45?!

Here in Australia, early retirement isn’t a decision that can be made in a heartbeat. Still, some have already proven that it is possible, so as long as people can make the most of the financial resources available.

If you want to achieve early retirement as well, here are some tips to get you started:

1. Establish a Financial Plan

You do not want to resign from your job without a solid plan in place. Otherwise, you may end up having to search for new income once your savings run out. 

The thing about early retirement is that you must already have a financial plan that will determine all of your expenses and savings before you are ready to finish up in the workplace. This will give you a clear insight into how much your daily expenses will be in retirement and give you a view of how much you need to save in order to have an enjoyable retirement.

Running out of money is never a good thing, and a financial plan may prevent that from happening once you pursue early retirement.

2. Boost Your Superannuation

Your superannuation is essential for a successful early retirement. It will ensure that you have regular income on a weekly, monthly and annual basis.

Now, there are certain stages within your employment wherein you will be given a chance to boost your super; this means that the money paid monthly will increase, increasing your super for retirement.

Feel free to accomplish the boosting of your balance early on so that you will be able to benefit from compound interest over the years.

3. Invest Wisely

One of the best ways to ensure a lifelong source of income is by investing in profitable ventures early on in your career.

While the most viable choice would be a diversified, researched investment portfolio. 

Just be sure to think long and hard about where to put your money; otherwise, you may end up risking your assets in a venture that would not be able to maintain itself, losing you a lot in the long run and making early retirement out of reach.

Start Your Early Retirement Planning with Hyland Financial Planning 

Retiring early is possible if you know the right things to do and make all of the correct decisions before as well as after your career has ended. Establishing a financial plan, boosting your super, and investing in long-term ventures may set you up for a wonderful and relaxing life.

Just remember to follow our tips and never settle for anything less than a great investment that will only grow your assets.

If you are looking for a financial company that deals with early retirement planning in North Shore, Sydney, look no further than our financial advice experts here at Hyland Financial Planning. 

Our financial advisers share an ambition to improve the lives of our clients with strategic planning, wealth creation, and wealth success. 
Contact us today and let us discuss all your financial options