Prosperity Wealth Management

Be very careful out there, guys heaps of scams around at the moment. Watch this video to understand how one of my clients just lost up to $15,000 and how you can avoid the same fate

https://vimeo.com/1145845343?share=copy&fl=sv&fe=ci

So today the inflation result was released by the government and wasn’t too good, it looks like the next rate move may be up so if your considering using the 5% deposit scheme recently introduced by the federal government please make sure you don’t overextend your limit as there could. Rate rises ahead !!!

The Express Plus Medicare mobile app is no longer available.

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Head to the link in our comments to download 👇

day 4 and final day of our wealth today adviser conference - so today stayed off with a light and easy presentation of asset allocation ! And the death of the 60/40 portfolio from Van Eyk! Heavy stuff 🙂
then into a detailed andvery though provoking presentation on Total & Permanent Disability (TPD insurance) and how to ensure our risk management philosophy is meeting client needs & expectation’s… what a morning so far

Day 3 of our national financial adviser conference for eralth today here at Crown Perth - and another great day of learning from industry leaders , collegues, and product providers, discussing industry innovation, technical and legislative changes.
A lot of information to absorb but so valuable to me and my clients as it keeps us up to date, and at the cutting edge of financial knowledge snd strategies so we can continue to be our clients trusted adviser & provide the very best and up to date advice.

Yesterday, the Australian Bureau of Statistics (ABS) released its two-yearly Retirement and Retirement Intentions survey which has identified some interesting data about retirement in Australia in 2025 :

Australians Are Retiring Later — But Not Always by Choice

The latest ABS data shows the average retirement age has climbed to 63.8 years.
• Men: 64.9 years and
• Women: 62.7 years

Today’s workers expect to retire around 65.6 years, but many leave earlier than planned.

Here’s why:
• 13% due to illness or injury
• 6% after job loss or retrenchment
• 3% to care for loved ones

The most common reason to retire?

Reaching super or Age Pension age — around 65 to 67.

Retirement is arriving later for many Australians, but it’s not always on their terms.

The average age at which all Australians who are retired hung up their boots — 57.3 years. This is due to the lower due to impact of illness!

Have you thought about what would happen if you had to stop work earlier than expected?

Now is the time to review your super, pension, and retirement plan — before life decides for you.

👉 Book a chat with les or tell your friends And family that may be appraching retirement about Prosperity Wealth Management today and make sure your retirement stays on track, with whatever life brings !!!

And if you know someone looking to retire soon please share this post to share the knowlege

So this artile was in todays West Australian newspaper:

The key takeaway ? - Retirement isn’t always on your terms

Research shows that in 2023, 29% of Australians retired early because of their own or a loved one’s health.

That means almost 1 in 3 people leave work sooner than planned—not because they want to, but because they have to.

If that happened to you, would your finances cope?

Would you have enough to cover living costs, medical expenses, and still enjoy life?

Planning ahead gives you:
- Security if work ends earlier than expected

- Options to protect your family’s future

- Peace of mind knowing you’re prepared for the unexpected

- Don’t leave your retirement to chance.

Let’s talk about a plan that supports you—no matter when retirement comes.

👉 Message me today to book a chat about securing your financial future.

Looking for assistance with Aged Care? or know someone who is ?, watch our video to understand how we can help, call us on 1300 667 775

Agedcare Whitelabel Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

So you're thinking about retirement?

Let’s delve into a critical aspect of your financial journey—Retirement Planning. It’s more than just setting aside money; it’s about crafting a future that aligns with your vision of a fulfilling retirement.

Step 1 - Assess Your Retirement Needs
Start by estimating how much you’ll need to live comfortably in retirement. Consider your lifestyle, expected health care costs, and any plans you have for travel or hobbies. This estimate is your target, guiding your saving and investment decisions.

Step 2 - Get Professional Advice
Engage with a qualified financial advisor or retirement planning specialist who can provide personalised strategies tailored to your unique circumstances. (That's Us !) We bring expertise and a wealth of experience in areas such as tax optimisation, investment allocation, Strategy, and regulatory requirements that can significantly impact your retirement outcomes.

Step 3 - Maximise Your Retirement Contributions
Take full advantage of retirement accounts available to you, such as superannuation funds. These accounts often offer tax advantages that can significantly boost your savings over time. If possible, aim to contribute the maximum amount allowed each year.

Step 4 - determining the righ income structures
Determining the right retirement income structures and understanding the payout options for your retirement accounts is critical. Whether it's lump sum, annuities, or regular withdrawals from an account-based pension income stream, choosing the right choice can impact your financial security and tax liability in retirement.

Step 5 - Determining the right time to retire
The age at which you retire significantly affects your retirement benefits and the longevity of your savings. Delaying retirement by even a few years can allow more time for your investments to grow and reduce the number of years you'll need to draw down your savings.

Step 6 - Don't forget inflation.
Don't forget the impact of inflation over time. Include investments that have the potential to outpace inflation, such as stocks or real estate, in your retirement portfolio. This strategy helps ensure that your savings maintain their value throughout your retirement.

Step 7 - Maximise Your Retirement Contributions
Consider your lifestyle, expected health care costs, and any plans you have for travel or hobbies. This estimate is your target, guiding your savings and investment decisions.

Step 8 - Keep Flexible.
Life can be unpredictable. Keep your retirement plan flexible to accommodate changes such as health issues or economic shifts. Regularly reviewing and adjusting your plan ensures that it remains aligned with your current needs and future goals.

Retirement planning is a dynamic process that evolves as your life changes. By taking proactive steps today, you can ensure that your retirement is not just comfortable but truly enriching.

We excel at helping people make the right decisions around retirement, so why not call us now on 1300 667 775

In today’s post, we dive into a critical component of financial security—Insurance and Risk Management.

Proper coverage not only safeguards your assets and lifestyle but also ensures peace of mind for you and your loved ones in Australia.

Understanding Key Insurance Types:
1. Life Insurance: Ensures financial support for your loved ones in the event of your untimely passing.

2. Total and Permanent Disability (TPD) Insurance: Provides a lump sum payment if you become permanently disabled and unable to work.

3. Trauma Insurance: Offers financial support in case you suffer a major illness or injury, helping cover immediate medical expenses and other associated costs.

4. Income Protection: Compensates for lost income if you’re unable to work due to temporary disability or illness, paying up to 75% of your pre-disability earnings.

Evaluating Your Coverage Needs
We consider factors like your current health, financial commitments, and family responsibilities. An accurate assessment helps determine how much and what types of coverage are essential to protect your lifestyle and those you care for.

Regular Policy Reviews
Life changes—so should your insurance policies. Regular reviews ensure that your coverage aligns with your current circumstances, eliminating any gaps that could leave you vulnerable.

Beyond Insurance: Comprehensive Risk Management:
Managing risk extends beyond purchasing insurance. Effective risk management also includes maintaining an emergency fund, diversifying investments, and adopting a healthy lifestyle to mitigate potential health issues.

Plan Proactively, Live Confidently:
Planning for potential risks is not pessimistic—it’s a proactive measure to secure your future and that of your family. While we all hope never to claim insurance, having robust coverage in place provides invaluable peace of mind.

Is It Time to Update Your Risk Strategy?
If you’re unsure about the adequacy of your current insurance or if it’s been a while since your last review, let’s connect. Schedule a consultation with us, and we’ll ensure that your insurance and risk management strategy fully protects your assets and aspirations

call 1300 667 775 if you want to review your cover today

This USA very bad idea from labour one of their worst policies

Albo’s sub-prime housing ploy

Big day out in the wheatbelt visiting clients and I always love this time of year with the amazing greens and yellows of the canola, its looking like a reasonable season