Financial Planning

ClearView Financial Planning

Coastline Credit Union has the service to provide you with all your financial planning requirements.

What is the first step?

The Chinese proverb says “A journey of a thousand miles begins with a single step” and the same is true to obtaining your financial goals. The most important step on the road to financial independence is actually having and knowing what your financial plan is.

What is a financial plan?

A financial plan is like a road map setting out how to take you from where you are now to where you would like to be. A person’s needs often change over time as does legislation (take superannuation as an example), therefore any financial plan or investment strategy you may have in place should be flexible and reviewed regularly. A good plan is also realistic, takes time and discipline to achieve, and is developed through a structured process that is tailored to achieve your financial goals.

Who is ClearView?

ClearView Financial Advice Pty Limited (ClearView) was founded in 1987 and specialises in providing financial planning advice to credit union members. ClearView holds an Australian Financial Services Licence (Licence No 331367), which means it is licensed to deliver a complete range of investment management services, covering investments, tax structures and strategies and allows them to provide advice in the following areas:

Superannuation is a valuable and tax-effective savings system used by individuals to provide for their retirement. While there have been numerous changes to super over recent years, it is still one of the most tax effective means of accumulating wealth and generating income in retirement.
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Family Protection involves putting in place the most appropriate arrangements to protect you and your family from the risk of injury, illness, incapacity and death.
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Retirement, whether planned or forced upon you, can be daunting and stressful, so good planning before you retire will make your retirement and the transition into retirement a lot easier.
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What are the costs?

It is always difficult to put a price on your financial future, however, there are always costs involved when developing a financial plan. The good news is that the initial meeting you have with a ClearView Financial Planner is obligation free and at ClearView's cost.

How can you put a plan in place?

If you would like to make an appointment to see a Planner simply contact us and we will organise to have a Planner contact you and make an appointment. It is easy once you take the first step.

What is the process?

To fully understand your financial situation a ClearView Financial Planner will arrange a meeting with you to gather facts about your personal and financial situation.

You should expect to be asked some detailed personal information in this meeting in order to provide advice that is right for you. Once the information has been gathered the plan will then be prepared. A good plan will provide you with the following:

Details of your current financial situation
Identification of your personal and financial goals
Identification of financial problems
Written recommendations and solutions
Detail of how the steps in the plan will help you to achieve your goals
Discuss and explain the risks involved
Clearly detail all costs

Once the recommendations have been accepted the implementation of the recommendations takes place. Your Financial Planner will discuss ongoing services with you.

How can financial advice help you?

Whatever your stage of life, there is always something you can be doing to manage your financial position so it keeps moving in the right direction. Almost everyone at some stage in their life can benefit in some way from having a financial plan.

Financial planning is simply the process of identifying your personal and financial goals and creating ways to help achieve them.

It covers a broad range of areas including wealth creation, insurance, tax effective investing, superannuation, retirement planning, redundancy, estate planning and others.

Ages	Details	Advice required
18 to 30 years	Young and first job with minimal financial commitments, interested in 1st car, holidays and having a good time to moving into relationships with two incomes and having some spare disposable income, possible home mortgage or planning a family. Saving and security for the future is now a higher priority.	Regular savings Budgeting Repaying the mortgage Superannuation Insurance (life and disability)
30 to 45 years	This age group covers a wide range. You may now have a mortgage with a young family and possibly back on one income whilst the children are young. Security is of major importance along with your home and the children’s welfare. As the children get older you may again have two incomes and the equity in your home increases as your debts are reduced.	Budgeting Repaying the mortgage Superannuation Regular savings Insurance (life and disability) Children’s education
45 to 64 years	As the children leave home and you no longer have dependants you may return to two incomes. The level of your mortgage reduces significantly or is repaid. You are now thinking about more holidays, assisting your children financially and planning for your retirement income.	Superannuation Regular savings Retirement Planning
65 years and over	You have now finished working are looking for financial security and to enjoy your retirement and perhaps travel.	Superannuation income Regular income Retirement Planning Possible social security advice

For referrals to ClearView Financial Advice Pty Ltd (ClearView - AFSL No. 331367) we will receive 20% of upfront and ongoing fees which ClearView may charge.