BMG Financial Planning and Accounting Albury Wodonga

December 2016

Team building | Bucket investing | TPD definitions | Living wills | Festive spirit | Trump

2016 has been eventful on many fronts! This month we look to the future and some things we can do to influence the outcome. Our animation illustrates how building a personal finance team can help you get ahead in life. We look at the ‘bucket approach’ to retirement investing. There are different types of Total and Permanent Disability claim definitions offered by insurers, we explore them. And, we contemplate the importance of considering an Advanced Care Directive if you were to lose the capacity to voice your thoughts regarding medical treatment. As you prepare for the holiday period watch our video on empathising with others less fortunate.

Finally, we feature a video on the early reaction by the economic market to President-elect Donald Trump and remembering to consider several basic investment principles when growing your wealth.

Have a happy and safe festive season.

Building your team: Financial adviser

The term synergy is derived from the Greek word συνεργία; it refers to the creation of a whole that is greater than the simple sum of its parts. In this animation, we explore how building your own personal finance team (each with their own unique skills), and then directing them towards a specific goal or objective, can help you reach financial empowerment.
Launch video…

The three-bucket approach to retirement investing

When devising a retirement plan, there are several different strategies that a financial adviser can employ to make sure that you have enough to meet your retirement lifestyle needs. This may or may not include relying in part or in whole on other sources of income such as the Age Pension at some stage. We’ll focus on one such strategy – the ‘bucket’ approach
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TPD claim definitions explored

For many of us Total and Permanent Disablement cover forms a component of our overall personal insurance plan; in the event of a disabling sickness or injury it has been designed to help to take the financial stress off the table at a time when our world has been turned upside-down. In this article, we explore the types of claim definitions available and their respective differences.
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A ‘Living’ Will: Advanced care directives

We generally expect that our wishes for medical treatment will be respected, but what happens when we are not able to make decisions, due to an accident, sudden illness, or a progressive disease. Having an advanced care directive is a way to ensure that our preferences for medical treatment are considered at a time when we may be unable to express them.
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Look beyond borders: 4 minutes experiment

According to Matthieu Ricard, “Empathy is the faculty to resonate with the feelings of others. When we meet someone, who is joyful, we smile. When we witness someone in pain, we suffer in resonance with his or her suffering.” In this short video, we see the power that empathy has when two people connect over their different walks of life.
Watch video…

President-elect Trump: What should you do?

In light of Donald Trump’s recent victory in the U.S. election, this short video by a respected research house, Morningstar Investment Management, provides information on President-elect Donald Trump’s initial impact on the economic market as well as potential short, medium, and long-term considerations for investors.
Watch video…