Accounting & Financial Advisory for Individuals & Businesses

Wealth Creation Strategies & Personal Risk Insurance

Including budgeting, investment strategies, gearing advice, and life, TPD, critical illness and income protection insurances.

 

This type of advice is often needed by people in the age brackets of between 25 to 35-40.

Making good decisions now, can make the difference between building the future you aim for.

 

Ask yourself the following questions:

 

Do I have a budget?

Do I have savings capacity and ability to invest?

Am I paying too much tax?

Can I afford to educate my children?

Will I pay my home off and have enough super to retire?

Have I insured my most valuable assets?

 

If you are not sure if you can answer these questions, please book a complementary appointment to discuss your options.

 

 



Budgeting and Cashflow

A good budget is a necessity to take control of your financial future. It is one of the best tools you can have, enabling you to set realistic financial targets, measure your expenditure & ultimately assist your decision making.

 

At IEC we can show you how to take control of your finances by helping you identify your sources of income and expenditure.

 

Let us show you how a budget can help you prepare for the future, Enquire Now!



Investment Strategies

It is important to have clear investment objectives that reflects the lifestyle goals you wish to achieve. Important considerations include your investment timeframe, future needs for capital and ongoing income, and appetite for risk. 

At IEC we will engage with you to determine what investment strategies are suitable to help you meet your goals, enquire here.



Gearing

Gearing is adding borrowed funds to your own to purchase an investment. A well-known form of gearing is the purchase of property using borrowed funds via a mortgage. Investors can also gear into the share market by adding borrowed funds to their own to purchase an investment portfolio.

 

Gearing is typically a strategy used by more sophisticated investors, or those with a high-risk appetite. This is because while returns can be magnified, so too can losses.

 

Gearing may not be suitable for all investors. You should always seek professional advice.

Enquire now.



Debt

Debt can plan a vital role in helping you achieve your goals. However, it is important that it is well managed and structured effectively to minimise risk and borrowing costs.

 

Ask yourself:

 

Are you paying more interest than you should?

Do you have too many loans?

Are you making more than the minimum repayments?

Will you be in debt longer than you would like to be?

Discuss your debt plan with IEC today, enquire here.



Life Insurance

 

Life insurance is a lump sum benefit paid to your family or your estate following your death.

 

At IEC we feel that it is important for you to consider all aspects of your current and future life when determining your life insurance sum insured. During our discovery process we will discuss with you how you would like your family provided for if you were to pass away suddenly.

 

Enquire here to find out what your life insurance needs are.



Total and Permanent Disability Insurance

Total and Permanent Disability Insurance (TPD) is a lump sum payment received when you have suffered a serious injury or illness that prevents you from ever returning to work.

 

TPD Insurance can be used however you wish, and at IEC we discuss with you what you would like your life to look like if this were to happen to you. Questions you might consider include:

 

Do I want to be debt free?

Do I want medical treatments and/or surgeries covered?

Do I want my income replaced until retirement age?

Do I want my children's education covered?

Will I need a nanny or caregiver to care for my young children?

 

We will assist you in determining an appropriate level of insurance which will meet your family needs in the event of total and permanent disability.

 

Enquire here to make an appointment to discuss your insurance needs.



Critical Illness

Critical Illness, or Trauma Insurance, is a lump sum payment provided to you if you suffer from a defined event such as Stroke, Heart Attack or Cancer.

 

Did you know?

 

  • 1 in 3 men and 1 in 4 women will be diagnosed with some type of Cancer before they turn 75. That is approximately 380 new diagnoses of Cancer every day.
  • An estimated 400,000 Australians have had a heart attack at some point in their lives.
  • The risk of developing dementia over a lifetime is as high at 17%.

 

At IEC we feel that Critical Illness Insurance should be a core component of your risk plan. As the statistics would show, your chances of claiming are 1 in 4, and being prepared will ensure that in the event of a significant diagnoses, you can at least feel assured that you are financially protected.

 

Enquire here to discuss your Critical Illness needs.



Income Protection

Income protection provides you with a monthly payment if you are unable to work due to injury or illness.

 

Income Protection will cover up to 75% of your current income and will assist you in maintaining your current lifestyle including mortgage or rent payments, groceries and bills while you recover and prepare to return to work.

 

Most people don't think twice about insuring their house, but not as many people insure what pays for the house, their income!

Your ability to earn income is the greatest asset most people have.

 

To talk to us about securing your income, enquire here.

 



Business Insurance

If you run your own business, it is important to consider what might happen to your business if you were unable to perform your normal duties due to sickness or injury.

 

Business Insurance can provide protection in 2 ways:

 

1 – Key Person Insurance covering the cost of replacing you within your business.

2 – Business Expenses Cover which insures allowable fixed monthly expenses.

 

IEC can help assist you in determining appropriate business insurance for your business and help you to determine what insurance level you might need, enquire here.



Estate Planning

As unpleasant as the task is, estate planning is one of the necessities of life. Knowing your hard-earned assets will be dealt with in the manner you choose provides peace of mind.

For business owners, a plan for succession of ownership is essential. We can guide you through the process of providing for business continuity.

The executor and trustee of a will are required to perform a number of duties. 

The areas in estate administration that IEC Advisory can assist with include:

  • Meeting to discuss objectives for your estate
  • Confirming assets - Valuations, inventories, and appraisals
  • We can refer to legal advisors for document preparation and organising court and administration procedures
  • Documentation involved in estate planning
  • Protecting the assets
  • Paying taxes and debts
  • Estate distribution

For more information regarding Estate Planning, please Enquire Now.



Please click here for your free copy of our eBook, Understanding Insurance.



IEC Financial Advisory Pty Ltd is a Corporate Authorised Representative (No.1251572) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. Australian Financial Services Licence No.223135

 

 



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