| Superannuation |
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| I know where ALL my superannuation is. |
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| I know how much super I have in total. |
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| I know which types of investment suit my risk tolerance/comfort level. |
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| I will have enough money (super and other) to support the retirement lifestyle I would like. |
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| I make additional super contributions direct from my pay. |
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| Investments |
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| I know where all my investments are and how much they're currently worth. |
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| I understand the fundamental principles of investing, such as compound interest, investment risk and gearing. |
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| I know which investments provide the best returns. |
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| Taxation |
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| My partner is not working/works part time and we are taking advantage of spouse super contributions. |
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| My tax returns take advantage of all my allowances. |
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| My investments are structured to be tax effective. |
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| I understand the advantages of salary packaging. |
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| Income and cash flow |
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| I earn more than I spend. |
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| I know the difference between good debt and bad debt. |
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| I have credit cards and I pay off the outstanding amount each month. |
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| I know how to consolidate my debts to reduce interest I pay. |
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| I know how to maximise any Centrelink or Government assistance. |
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| Insurance |
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| I know what my employee insurance benefits are. |
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| I know exactly what insurance cover my partner and I have. |
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| If I become disabled or seriously ill tomorrow, I could still pay my mortgage and service my debts. |
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| I have enough insurance to cover my family's needs should something happen to me. |
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| Mortgage |
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| I am aware of all the different types of mortgages available and understand how they work. |
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| I know what I would need to do to pay off my mortgage within the next 10 years |
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| I am saving for a home deposit and have an effective savings strategy. |
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| I already have a mortgage and am paying more than the minimum monthly repayment. |
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| Estate planning |
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| I have an up-to date will. |
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| I know where my family would stand financially if I were to die suddenly |
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| I have organised an enduring power of attorney. |
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| I have nominated an executor for my Will (with their agreement). |
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| Financial outlook |
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| I have thought about whether I need to make some lifestyle changes over the next 5 years |
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| I am happy with my current life balance and lifestyle (job, social, family, self etc). |
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| I have a plan for saving and/or investing money for shorter term goals (overseas holidays, a new car, etc). |
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| I have a long-term WRITTEN financial plan. |
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| I have a financial adviser. |
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| Looking to retire within 5 years |
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| I am planning to retire in the next 12 months and understand what my Centrelink entitlements could be. |
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| I understand how annuities and allocated pensions can work for me. |
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| I know how much income I would receive from my investments as they currently stand. |
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| Not looking to retire just yet |
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| I am looking to re-train or set up my own business and I know how much I will need before I start earning a reasonable salary. |
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| I have an educational plan for myself and/or my children which includes a financial strategy for achieving the required funds |
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| I am looking to retire early and have a strategic plan in place to achieve this. |
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