Financial planning

At goodplan we create personalised financial plans to get you on track and moving towards your goals sooner.

 

Our expertise and guidance will allow you to maximise your financial position and save you stress, so you can get back to enjoying what you love knowing that your plans for the future are on track.

Our areas of expertise include

Savings & Budgeting

Saving and budgeting are crucial for achieving financial stability and meeting long-term financial goals.

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Investing

Investing can provide opportunities for potential financial growth, increased wealth, and the ability to build a diversified portfolio for long-term financial stability.

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Borrowing to Invest

Borrowing to invest can provide opportunities for increased returns and potential financial growth, but it also comes with increased risks and should be approached with caution and a thorough understanding of the associated risks.

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Debt Management

Debt management can help you to reduce your debt burden, improve your wellbeing, and achieve greater financial freedom and flexibility in the long term.

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Superannuation

Superannuation can provide a reliable source of retirement income, tax benefits, and the ability to build a retirement savings plan for a comfortable and financially stable future.

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Retirement Income

A well planned retirement income will provide you with the financial means to support your lifestyle and cover essential expenses during your retirement years, helping to ensure a comfortable, enjoyable and financially secure future.

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Strategic Financial Planning

Strategic financial planning can help you to set and achieve your financial goals, build wealth, and secure your financial future by creating a roadmap that aligns your income, savings, and investments with your long-term objectives.

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Risk Management

Effective risk management can help protect you and your family financially against unforeseen events such as illness, injury, or death, helping to minimize financial risks and provide peace of mind.

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Estate Planning

Estate planning can help you to ensure that your assets are distributed according to your wishes, minimise taxes and legal costs, and provide financial security for your loved ones.

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The Goodplan Financial Planning Process.

 

Discovery

We’ll discuss your life and future to help define where you are, what’s important to you, and where you want to be. We will also outline our services and expertise to ensure we’re the right fit for each other. This initial meeting is complimentary and obligation free.

Strategy

We will explore your options and develop a high-level strategy that is feasible and appropriate to your needs. We’ll discuss this with you to ensure that we’re on the right track. At this step we’ll provide you with an obligation free quote to consider prior to proceeding further.

Planning

Once you’re happy with the strategy and advice proposal, we’ll go away and put your comprehensive plan together for the agreed fixed fee. This plan will detail why, how and when everything will happen.

 

Presentation

We’ll go through the plan in detail with you to ensure that you’re 100% comfortable with the recommendations. We will outline what the advice is, what it acheives, and the steps required.

Implementation

We’ll do the heavy lifting with implementing our advice, and will work closely with you to ensure everything is set up efficiently and correctly.

Support

We will offer you appropriate ongoing advice that keeps you on track and informed. This will give you confidence that your plan can change with you.

Financial Planning FAQ

  • Financial planning is the process of setting financial goals, creating a plan to achieve them, and monitoring progress. It is essential because it helps individuals and families to achieve their financial objectives and secure their financial future.

  • A budget is a plan for your income and expenses on a monthly or yearly basis, while a financial plan is a comprehensive plan for your financial future that includes your long-term financial goals and strategies to achieve them.

  • The amount you should save for retirement depends on several factors, including your age, expected retirement age, and expected lifestyle in retirement. The Association of Superannuation Funds Australia has some good resources such as the ASFA Retirement Standard that can help you to estimate some of these variables.

  • The best way to invest your money depends on your financial goals, time horizon and risk tolerance. Some common investment options include shares, bonds, managed funds, ETF’s and real estate.

  • To protect your assets and minimise investment risk, consider diversifying your portfolio, investing in low-cost index funds, and avoiding high-risk investments.

  • It is recommended that you review and update your financial plan at least once a year or whenever there are significant changes in your financial situation or goals.

  • To evaluate the performance of your investments, monitor your investment returns, compare them to benchmarks, and assess your portfolio's risk and volatility.

  • This will depend on what advice areas are important to you, though typically our initial plan fee will be between $1,100 to $5,500 depending on complexity.