Would you rather retire at 55 than 75?
Wondering how you'll afford that vacation?
Saving up for your dream home?

40's - Consolidation

Once you hit your 40's, your family are likely to be growing up - faster than you'd probably like in some cases. Your children are starting to find their own independence, but still rely on you for financial support and security. Your focus will continue to change and with a growing family, there's an ever increasing desire to give them the best of everything (mobile phones, technologies, plasma TV's, holidays etc).

You're hopefully getting to the stage where your debt is reducing and you really need to think about how your partner and children would cope with the growing expenses if something unexpected happened to you and you were unable to work and provide for them.

At this stage, you need to take advantage of all the strategies that will improve your position and what you do in the next 10 to 15 years will determine how much you will have for retirement.

Some of the questions you may be asking are:

  • Is this the best mortgage for me? What debt reductions strategies should I be utilising?
  • Should I be using the equity in my home to borrow more money to invest in property or other investments?
  • Should I be reducing my debt as quickly as possible, or should I be investing extra money into superannuation?
  • I have a good combined household income, so what strategies can I use to minimise tax?
  • When should I start planning for retirement?
  • I have multiple super funds, which one, if any is best for me? What do I do with them all?
  • Does my current super fund provide me with all the flexibility, features and benefits I require?
  • Is a self-managed superannuation fund for me?
  • How will I maintain my family's lifestyle if something happens to me?
  • Is it OK, or irresponsible to think, "It won't happen to me"?
  • What would happen if, because of serious injury or illness, I couldn't work for the next 20 years?

How can Centra Private Wealth help you?

We can help answer the above questions as well as provide you with:

  • Pre-retirement and Retirement Planning
  • Centrelink Maximisation Strategies
  • Superannuation fund and strategy advice
  • Self Managed Superannuation Funds
  • Personal Risk Insurance
  • Wealth Accumulation
  • Tax Minimisation Strategies and Tax Planning
  • Debt Management
  • Lifestyle Expense Planning
  • Estate Planning
  • Business Planning & Insurance
  • Salary Packaging
  • Property Investment Advice

Specialist Services

How else we can help you

CENTRA WEALTH Pty Ltd (ABN 39 158 802 450) holds an Australian Financial Services Licence (#422704) issued to it by ASIC. It trades as CENTRA PRIVATE WEALTH, CENTRA SECURITIES and CENTRA WEALTH ACADEMY. CENTRA MONEY Pty Ltd (ABN 96 167 497 305) is a Credit Representative (#452523) of an Australian Credit Licence holder (#389328) and trades as CENTRA MONEY. Collectively the above are known as "The CENTRA WEALTH Group".