FACTORS THAT MIGHT AFFECT YOUR FINANCIAL PLAN

Once your financial plan is prepared, it is important it is reviewed regularly. Life changes rapidly, and these adjustments can affect your personal and financial circumstances in a blink of an eye. Some factors you have some control over and others you don't.

Let's look at some events that can affect your financial plan:

Personal Factors   External Factors
  • a wedding
 
  • amendments to superannuation law
  • the birth of a child
 
  • changes in taxation legislation
  • a divorce
 
  • fluctuating interest rates
  • a redundancy
 
  • rising inflation and unemployment
  • the eldest child is starting school
 
  • economic cycles
  • a promotion and pay rise at work
 
  • oscillating investment returns

As we all lead busy lives, most of us don't have the time or expertise to stay ahead of our changing environment and how it can impact on our financial goals. This is where a financial planner and a regular review will prove valuable.

Checking your financial plan
Reviewing your financial plan
Video
Industry Snapshot
Click here to download the presentation Watch video
Former Dover, Securitor adviser banned
18 April 2019, 12:18pm
An adviser formerly licenced by Dover Financial Advisers has been banned for failing to provide advice in the best interest of clients. Read more
Link to something avPuvsDO