As we launch into a new financial year, let’s look back through the rear-view mirror. I’m sure you don’t need me to remind you of Australia’s adversities over the past 6 – 12 months, but I will address its importance towards the end of my economic summary that I’ve sprinkled with some insights.
We may be in the business of private wealth and securing our clients future, but there have been some humbling and outstanding results we think are worth sharing.
I had an interesting conversation last week with a business contact, who is also a client. It was around life insurance and the underlying reluctance to reduce his current insured sum. He said to me, “don’t people just always have their life insurance?” In short, the answer is, no, not always.
It's that time of the year when you need to run your eye over your finances to ensure all is in order before the end of the financial year on 30 June. No more so than if you have a self-managed superannuation fund (SMSF). There is a lot to consider and it can seem overwhelming, this has prompted me to compile a comprehensive checklist to help steer you on the right path.
It is difficult to write about anything other than the circumstances surrounding the current COVID-19 Pandemic, so I won’t try to, however it is important to share the light where possible.