Financial planning in my 80's and beyond

Savings and Investments

Managing Your Investments

20savingsYou are likely to now be very conservative in your attitudes to investing; however you are also acutely aware that the quality of your lifestyle is greatly influenced by the return you get on your investment.  You cannot afford to risk losing your capital, but hope for high returns on your money.  This is a delicate area, and the solution that is right for one person is not right for another; even if they are in a seemingly similar situation.  So where should you turn for advice?  Well you can canvass widely, talk to your friends and see what they are doing, and there is nothing wrong in this.  However you should consult with an investment professional to be sure these ideas fit well with what is right for your and for your personal situation.

We can assist you in this regard and provide you with the tools and the information you need to make an informed decision.  We will not try to influence you to do something you are not comfortable with: quite the opposite in fact.  We will help you to determine what is right for you and we can implement that plan on your behalf.  Take a look at our case study and success stories page to hear from our existing clients like you.

Saving for investment

kiwicoinsInvestment will help you reach your goals.  Investments can help you achieve an independent income - meaning that you're living off your interest and dividends from your assets for a comfortable retirement.


Helping fund your grandchildren’s education

 A good education is critical to ensure your grandchildren get off to a great start in life.  Each year the cost of tertiary education rises and by the time your grandchildren are ready to enter University the costs may be prohibitive.  What a great gift for you to be able to fund your grandchildren’s education so there is no need for them to find the money themselves, or get a student loan?   We can incorporate this type of savings into your financial plan.  By putting a little aside regularly, you will be able to give your grandchildren a financial and educational advantage!


Is your mortgage paid off?  
If you still have a home loan I’m sure you are looking forward to getting it paid off.  If so we have tools that can help you pay it off faster, give us a call.


Considering buying a new home or an investment property? 

propertyinvestmentIf you are purchasing an investment property it is possible to use the equity you have in your own home and this can greatly reduce your costs.  In this situation you can get the tax benefits on the full purchase value of your investment property.
Talk to us out the benefits of purchasing investment property and the alternatives available to.  This will help you make an informed decision.
At this stage of your life the ownership structures of major assets, and your estate planning needs take on an extra significance.  We can assist and guide you to make the right choices in this regard.

Protecting yourself and your family
80protectYour need for insurance cover are likely to have reduced significantly, however you like to keep some cover in place for your final expenses so this money is not taken out of your estate.

You may also like to have some life insurance in place to create an estate for your loved ones.  This can be increasingly important if you have a blended family: how can you ensure all get a fair share of your estate after you have gone?  We can guide you in this area.

No Obligation Consultation at Our Expense

Contact us now, it's never too late and you have nothing to lose. 

We offer you a no obligation meeting at our expense. 

It wont cost you anything to find out what benefits you will gain.

So contact us today.

Estate Planning
estateplanningIt’s intrinsically human to avoid thinking in advance about the inevitability of death.  But death, like taxes is the only certainty in life.  Perhaps some people don’t care about what happens to their material wealth after passing.  After all, they wont be around.  But it’s a given that most of us do care what happens to our loved ones in the event of our demise – premature or otherwise.
Put simply, estate planning involves making plans for the transfer of your estate after death. Your estate is all the property that you own. It can include cash, clothes, jewellery, cars, houses, land, retirement, investment and savings accounts, etc. Estate planning usually has several objectives and goals. They include:
  • Making sure most of the estate is transferred to your beneficiaries
  • Paying the least amount of taxes on your estate
  • Assigning guardians for minor children, if any
Some important terms to know for estate planning purposes include: 

Wills: A will is a legal document that lays out the fate of your property after your death. It states who receives your property and in what amounts.     

Trusts: A trust is an arrangement where you entrust property to one person or an organisation. The person or trustee is taxed with managing the property on behalf of your beneficiary or beneficiaries. Trusts aren't just for the wealthy.  Trusts are legal mechanisms that let you put conditions on how and when your assets will be distributed upon your death. They also allow you to reduce your estate and gift taxes and to distribute assets to your heirs without the cost, delay and publicity of probate court, which administers wills. Some also offer greater protection of your assets from creditors and lawsuits.

Enduring Power of Attorney (EPA): Enduring power of attorney gives a person or organisation the legal power to handle your affairs when you're unable to do so.
Estate planning is something that should be done when a person is legally competent, which means that the person must be of sound mind and at least 18 years old. It should also be done when the owner of the estate is in good health and free from emotional stress.
No matter what your net worth, it’s important to have a basic estate plan in place.  Such a plan ensures that your family and financial goals are met after you die.  These days, estate planning is more than deciding who will benefit from your assets when you die. In today’s world of modern family structures and legislative changes, a more thorough approach is called for.

The aim of Estate Planning is to minimise emotional and financial hardship for the people you care about. An up-to-date will is still the cornerstone of a good estate plan and depending on your circumstances, a trust may be necessary to achieve the right level of planning and protection. You should also have enduring powers of attorney to provide for your personal care and welfare, as well as the ongoing management of your assets and financial arrangements if you should become incapacitated.
A thorough estate planning exercise needn't be costly or complicated, but it is important to get the right advice from the start.  As part of your financial plan Iconic Financial can recommend experienced and knowledgeable partners to assist you with your estate planning.

No Obligation Consultation at Our Expense
guaranteeContact us now, it's never too late and you have nothing to lose. 

We offer you a no obligation meeting at our expense. 

It wont cost you anything to find out what benefits you will gain. Contact us today.