Specialised Financial Services

Speacialised Financial Services

At MJ Financial Chiefs we have the ability to give Financial Advice in all areas but as Financial Planners/ Advisers we speacialise in two main areas.

  1. Retirement Planning Advice
  2. Personal Insurance
    • Including Life, Total &  Permanent Disability, Income Protection and Trauma Insurance

Retirement Planning Advice

Retirement for many people means the time in life you get to relax, travel, spend time with your grandchildren and do the things you have always want to do. However, it can also be a dauting time in your lives as you are unsure how long your funds may last you and what you will be able to spend each year.

Careful planning prior to your retirement can help you transition smoothly into retirement. The questions that we can help you with before and during retirement include:

  • When can you retire?
  • How much money do you need in retirement?
  • What type of lifestyle will you be able to fund in retirement?
  • When can you access your superannuation and how do you do this?
  • Will you have access to government support such as the Age Pension?
  • Will you be able to leave a legacy to your children or grandchildren?
  • Will you need to downsize your home?

The earlier we begin developing your goals for retirement, the earlier we can plan a strategy to help you meet your retirement expectations.

Some of the options available to help you to build wealth for your retirement include making additional non-concessional or concessional contributions into superannuation, building wealth outside superannuation or purchasing a guaranteed income stream product to ensure you have income through out your retirement.

If you have met your preservation age and you would like to reduce your working hours a transition to retirement strategy may be best suited to supplement a portion of your lost income by drawing an income stream from your superannuation money.

Personal Insurance

Risk insurance helps protect your income and assets in the event of illness, injury, permanent incapacity, death or a traumatic event. Many of us will insure our home and contents and our car; however, we do not consider what will happen to us and our loved ones if we lose our ability to generate income. Through personal insurance planning you are able to secure your family’s financial stability though different unforeseen events.

The types of considerations we should discuss in case of a trigger event are if you would like to have your mortgage repaid and / or be debt free; would you like funding for your children’s education; do you need lump sum medical or rehabilitation funding; would you like to leave a certain amount of income to your spouse. Risk insurance is a key consideration in your complete financial plan especially when you have dependants.

Download Our Insurance Services Brochures

Contact us to plan your insurance needs today.

Download .PDF

Different types of insurance that may be relevant for your situation:

  • Life insurance
  • Total and Permanent Disability insurance
  • Income Protection insurance
  • Trauma insurance
  • Business insurance including key person insurance

Depending on your situation, funding your insurance through your superannuation may best be the most effective way to ensure your cashflow is not effected too heavily. Speaking with us can help provide you with the peace of mind that you and your family will have long term financial protection in place.