How often should I review my insurance cover?

Financial Planning

Your personal insurances should be reviewed whenever there is a major change in your personal situation. Key events to look out for include:

  • Taking out a home loan
  • Getting married or setting up house with someone  
  • Starting a family
  • Receiving an inheritance
  • Retirement

Generally, as savings increase and debts decrease, the level of cover required reduces over time, but again, much depends on your individual situation.

What is a Loan-to-Value (LVR) Ratio?

A Loan-to-Value (LVR) ratio is a financial metric used by lenders to assess the risk associated with a loan. It's calculated by dividing the loan amount by the property's appraised value, expressed as a percentage.

10 Important Questions for a Local Buyers Agent

Navigating the complexities of the real estate market can be a daunting task. This is where a local buyer's agent comes into play, offering invaluable expertise and guidance throughout the home buying process. This is where a local buyer's agent comes into play, offering invaluable expertise and guidance throughout the home buying process. By leveraging their in-depth knowledge of the local market, buyer’s agents can help clients make informed decisions, avoid common pitfalls, and ultimately secure the perfect property. Below are ten essential questions to consider when choosing a local buyer's agent, designed to help you understand their role, benefits, and how to select the right one for your needs.

What is an Investment Strategy?

An investment strategy is a documented plan that outlines how your SMSF will achieve its investment objectives while considering the fund's circumstances and the needs of its members. This strategy should guide your investment decisions and help ensure the fund is on track to meet its retirement goals.

What is a Self-Managed Super Fund?

A Self-Managed Super Fund (SMSF) offers an unparalleled level of control and flexibility for managing retirement savings. It is a type of superannuation fund in Australia that provides individuals with the ability to manage their own superannuation investments. Unlike retail or industry super funds, SMSFs offer complete control over investment decisions. This level of autonomy allows members to tailor their investment strategies to suit their personal financial goals and risk tolerance.

How SMSFs work

Managing an SMSF involves several responsibilities and regulatory requirements. Also, SMSFs offer a high degree of control and flexibility and come with significant responsibilities and risks.

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