In addition to the impact of the coronavirus, global uncertainties and high inflation rates have massive impact on global economies.
Loss of income and uncertainty about the future can place a great strain on households, relationships and finances. For those affected, it can be overwhelming.
For those approaching or already in retirement, sharp falls in share markets can lead to sleepless nights about their retirement plans and whether they will have enough income to live comfortably.
In times like these, seeking professional financial advice is essential. We can help you to:
Assess your current financial situation, review your income and expenses, and develop strategies to manage your cash flow more effectively.
Make the most of any severance pay or redundancy payment.
Identify any government support payments you may be entitled to receive and assist you with the application process.
Assist you with practical strategies to consolidate and eliminate debt.
Review your circumstances and assess whether early access to your superannuation savings or early retirement may be a suitable option for you.
Review your retirement strategy to determine whether it continues to meet your near and longer term needs and objectives.
Develop and implement a detailed financial strategy for your future personal and financial wellbeing.
Avoid making emotional or impulse decisions.
It’s natural to feel anxious in turbulent times, however it’s important to make carefully considered decisions when it comes to your finances and investments. An emotional or impulse decision in the short term will rarely benefit your financial wellbeing over the longer term.
Sound financial advice can be
life changing & make all the difference
As qualified professionals, we understand the complexities of financial planning and the world of investments.
We are available to help you, or someone you care for to make the most of a difficult situation and to navigate a path forward.
Mentor Financial Services Group