How financial planning can help you

Mulcahy & Co Financial Planning Director Thayne Turley says one of the keys of financial planning is preparing for the worst, such as a year like 2020. 

"Reviewing budgets to ensure you have the money to invest in the first place. To potentially send your kids to a private school or to understand what you need to save or contribute to superannuation so that you can eventually retire comfortably," he said.

The Financial Planning team at Mulcahy & Co can also help reduce your tax, analyse interest rates and borrowing capacity, with your superannuation, making sure you have a will, estate plans, aged care, age pension and personal insurance cover.

As mentioned off the top, it’s important to prepare for the worst. Thayne says personal insurance cover can help ensure that if the worst was to happen, you have a strong foundation and can remain financially secure.

If you’re looking to review your finances or just want to catch up for a refresher, contact Thayne and the Financial Planning team at Mulcahy & Co to set up an appointment.