Growing Family:
Growing your wealth as your family grows
Taking Care of Your Growing family
As your children get older, life becomes more complex and expensive. Between school fees, mortgage commitments, family holidays, investing for the future and preparing for retirement, it can be difficult to balance today's priorities with tomorrow's goals.
Financial planning can help you balance today's family commitments while building a secure future through investing, protection strategies, superannuation and retirement planning.
At Leading Advice, we work with growing families to create personalised financial strategies that protect what matters most and help achieve long-term financial goals.
What Matters Most for growing families?
As your family grows, your financial priorities evolve. This life stage is often characterised by higher incomes, larger responsibilities and greater opportunities to build wealth.
Income Protection Insurance
Your family's lifestyle depends on your ability to earn an income. Income protection insurance can provide regular payments if you're unable to work due to illness or injury, helping cover ongoing household expenses when you need it most.
Key Benefits:
- Protect your family's cash flow
- Receive monthly benefit payments if eligible
- Help maintain mortgage and living expenses
- Potential tax deductibility of premiums
Life Insurance & Family Protection
As financial commitments increase, protecting your loved ones becomes even more important. Life insurance can provide financial security for your family if the unexpected occurs.
Key Benefits:
- Financial support for your family
- Debt and mortgage protection
- Assistance with ongoing living expenses
- Cover for death, terminal illness and permanent disability (depending on policy)
Investment Advice For Families
Many growing families reach a point where wealth creation becomes a priority. A personalised investment strategy can help you make the most of surplus cash flow and work towards long-term goals.
Key Benefits:
- Investment strategies tailored to your objectives
- Build wealth outside of superannuation
- Create future education or lifestyle funds
- Professional guidance and ongoing support
Superannuation
Retirement isn't just a one-off event. It's every day of your post working life which could be 20 years plus, so your finances need to be well prepared.
Superannuation is a great (tax friendly!) way to fund your retirement, but choosing the wrong super fund can end up being hundreds of thousands of dollars in lost earnings.
Key points:
- Find which super funds are suitable for you
- Put a plan in place early for an easier retirement
- Get yourself on the right foot!
Not sure about your Superannuation?
Would like to give my sincere thanks to Leading Advice & Mr Gerard in particular. Will keep using his services as long as we could for the peace of mind.