Life Stages Advice

Making a plan with your finances means you can start to get ahead financially.

At TNR Wealth Management we know that it may seem daunting but with the help of a financial adviser, you can actually save time because someone else can help with the hard work of setting you up for the future.

Preparing a financial plan means that you are taking a more structured long-term view of your life and how you want to live it.

The TNR Wealth Management team is an experienced team offering financial planning services that is passionate about supporting their clients through every stage of their life.

Regardless of if it’s managing your, SMSF, investment portfolio, transitioning to retirement, reviewing your insurance and or superannuation or helping you manage your affairs after retirement, TNR Wealth Management will support you through every step of the way.

TNR Wealth Management provides a comprehensive and well-rounded financial planning service to all our clients based on the individual needs of each and every client.

Cashflow Management

Once your goals have been set we will need to establish what your current spending and saving habits are.

To be able to accurately assess whether or not you can achieve your goals, your TNR Wealth Management Financial Adviser will work with you to establish your current income and expenses.   Clarifying your current cashflow situation will not only empower you it will give us a better understanding of what your spending and saving habits are and allow us to help you identify areas where you could possibly save further money. From this your financial adviser can further strategise to achieve your goals.

When we have an understanding of your cashflow and it is under control we can then begin planning for your future.

Wealth Protection

Some of us may neglect to protect our most important asset – ourselves!  Even the best wealth creation plans can crumble if they are not supported properly.  Building a financial strategy and setting goals without adequate protection is like building a house without a foundation.  There are many different ways to protect your money, all depending on where you are in your life.  TNR Wealth Management can help tailor advice to protect what is important to you.

Wealth Creation

There are many different options on how to create wealth. The strategy that is best for each individual person is dependent on your financial goals, the amount that you have to invest and your attitude to risk.

TNR Wealth Management has dedicated considerable time and effort researching and construction strategies and investment options to be able to provide advice and guidance on a vast range of investment products and portfolio options.

We will keep in line with your goals and carry out a Risk Assessment to better determine the best approach and options available to you.

Growing Your Super

Sometimes it’s easy to forget about our superannuation fund and that we should start saving for our retirement. Retirement may seem like a long way off, or it could be just around the corner, but putting money into your super now can be a tax effective way to invest your money.

TNR Wealth Management can help by looking at all aspects of your superannuation, reviewing the performance of your current fund in relation to your goals, make recommendations based on your circumstances. If necessary, we can review insurance opportunities which may include buying or paying for insurance via your superannuation fund.

Self-Managed Super Funds (SMSF)

Do I need a Self-Managed Super Fund (SMSF)? There is no right or wrong answer to this question.

The answer to this question is determined by your individual circumstances.

If you have a strong view about how you want to invest, if want greater control of your super are comfortable with the rules and regulations of SMSF, or if your investment strategy includes real estate then a SMSF may be ideal for you. It does take time and effort to effectively manage a SMSF, so if you don’t want to be involved or don’t like paperwork, a SMSF may not be for you.

If you decide a SMSF is ideal for you TNR Wealth Management can assist with the setting up of the fund. For people new to SMSF’s or those that have existing an SMSF we can provide advice to ensure that it is operating in line with your goals and investment strategy and assist in making any changes required.

Retirement

We all focus on retirement and have big plans and dreams for the things that we will be able to do once we are able to retire.  What we sometimes fail to consider is how long retirement will last and if we will have enough to enjoy life without the everyday worries.  The team at TNR Wealth can advise you on what to expect regardless if you are,  transitioning to retirement, going into retirement, living in retirement or in the pension drawdown phase.  We will work with you to determine what strategies are best for you and implement them.

Set Goals and Create the Foundation

An essential part of the financial planning process is setting goals. If you do not have clear goals set, it will be impossible to create the foundation (build a financial plan) to achieve them.

During the initial meeting, we will take the time to get to know our clients, asking the important and sometimes hard questions. We will establish the client’s main objectives, working with them to determine what their individual short, medium and long term goals are, as well as exploring alternate options for goals that may not be achievable due to current circumstances. We will then put together strategies to achieve each of these goals. As part of the process, we can assist in creating cashflow management systems that will work for you, tying them into your overall strategies.

Goal setting is an ongoing process and as part of our ongoing relationship with our clients we will revisit the initial goals established ensuring that our advice changes and remains aligned with achieving the original goals set.

Mid Life Consolidation

You have achieved a comfortable lifestyle and are now thinking about managing your long-term future. Your circumstances are changing, kids are leaving home, debts being repaid and you are now thinking about where to go from here.

Using our expertise and experience we can help you to create a plan that evolve as your circumstances change. As your goals are met and circumstances change we can revise your plans to reflect new challenges, directions and goals.

What to do when life changes?

Have the kids left home? Have you paid of your mortgage? Time to celebrate?

It is worth celebrating the decrease in your regular expenses but it is also an opportunity to ensure that your wealth building is maximised. Now is the time to plan what to do with the extra cash flow that can make a substantial difference to your future and your retirement.

TNR Wealth Management financial advisers endeavour to ensure that our clients set realistic goals that balance the possible benefits now and the benefits in the future.

Circumstances change, not all are good, and sometimes it requires new plans to be made.

The team at TNR Wealth Management support all our clients through the good times and the difficult times. They can act on possible opportunities or find solutions as they arise.

Wealth Protection

Some of us may neglect to protect our most important asset – ourselves! Others may have insurance policies in place that are expensive or unnecessary, wasting money that could be reducing debt and/or building wealth.

Insurance is a subject that many don’t like to think about but life is uncertain and we may not always have the luxury of the income and lifestyles that we are used to. You could get sick, you could have an accident. If this happens and you don’t want to have to dip into the wealth that you have worked and planned so hard to create, then insurance is worth considering.

Our advice covers the different types of insurance available and recommends the most suitable insurance for every client’s individual circumstances.

We also explain the contract terms, ownership options, and payment options to maximize the benefits of your policies and we ensure that once your insurance is in place that it actually provides the benefits intended.