Why do you need a financial plan?

Why do you need a financial plan?

The reason is simple. Without it, how do you really know how well you are tracking? A financial plan helps map your financial future, to see how things might pan out if you keep doing what you are doing. It then offers advice and demonstrates ways you can improve your position, explaining how it helps and why.

If you are looking for a means to get on top of your finances and are curious to know what working with a Financial Planner can entail, the following guide will take you through a few of the basics.

Great news for retirees – The Government have changed the rules on deeming and made them better!

Great news for retirees – The Government have changed the rules on deeming and made them better!

In big news for retirees, the federal government has announced a reduction in the deeming rates for Age Pension. Given over 70% of Australian retirees rely on at least a part Age Pension it is news that will be welcome to many. We break down what the changes are and an example of how they apply.

Find out why SMSF is the biggest super sector in Australia right now

Find out why SMSF is the biggest super sector in Australia right now

One of the best ways to grow wealth for retirement is to invest in superannuation. But where and how do you invest?

Our first article for you today explores the superannuation fund of choice for Australians, which can be the least expensive option, provide the greatest control and deliver the best returns.

Finalists in the 2019 IFA Excellence Awards!

Finalists in the 2019 IFA Excellence Awards!

The team at Yield Financial Planning are proud to announce that we have been named a Finalist in the 2019 IFA Excellence Awards for ‘Client Servicing Company’ of the Year.

We are also pleased to announce that our Managing Director, James McFall has been recognised individually as a Finalist for ‘Goals Based Adviser’ of the Year.

When it comes to Investment Property - one or two will normally do

When it comes to Investment Property - one or two will normally do

Often owning just one or two good quality properties long term can produce better outcomes than chasing short term gains by 'flipping' properties. Yield Financial Planning Managing Director James McFall looks at why holding good quality property for the long term could prove a better wealth creation strategy for your future.

Certified Financial Planner of the Year National Finalist

Certified Financial Planner of the Year National Finalist

James McFall, Managing Director and Principal Adviser of Yield Financial Planning has been selected as a National Finalist for this years Certified Financial Planner of the year Award.

We're Living Longer: How to Plan your Finances for Longer Lives

We're Living Longer: How to Plan your Finances for Longer Lives

In the last half a century, the average life expectancy of both women and men in Australia has continued to rise and rise - from around 74 years old to 84 years old [https://www.aihw.gov.au/reports/life-expectancy-death/deaths-in-australia/contents/life-expectancy].

The number of people hitting the incredible 100-year-old mark is also on the rise and this poses a serious problem for many people. Most notably, how to fund your life after retirement.