Financial Planning FAQs
Q: What is financial planning?
A: Financial planning is a comprehensive process of managing your finances to achieve your life goals. A financial planner provides expert advice and strategies tailored to your individual circumstances and goals. These include retirement planning, investment planning, personal insurance planning, tax planning and estate planning.
Q: Why do I need a financial planner?
A: A financial planner can help you make informed decisions about your money, identify and achieve your financial goals, optimise your investments, plan for retirement and ensure you have adequate insurance coverage. They bring expertise, experience and an objective perspective to help you navigate complex financial matters.
Q: How do I choose a financial planner?
A: Look for a licensed and accredited professional with relevant qualifications and experience. Check their credentials, such as the MoneySmart ASIC Financial Adviser Register, and ensure they are registered with the Australian Securities and Investments Commission (ASIC). It's also important to choose someone you feel comfortable with and who understands your financial goals. Tanner’s registration - https://moneysmart.gov.au/financial-advice/financial-advisers-register#!id=001271553
Q: Do you need a financial planner?
A: If you have any of the below circumstances, yes you do.
Do you have a partner and/or children that rely on your income?
Do you have debt? If were unable to work from an injury or illness, would you be unable to service the repayments?
Do you have a super fund that you don’t know the fees you’re paying? What you’re invested in? What your risk exposure is to a market crash? What your insurance is?
Do you have surplus funds in a bank account?
Do you want to accumulate wealth throughout your life?
Do you want to maximise your income in retirement?
Do you have no idea how to structure your investments and retirement?
Do you want to purchase an investment property?
Do you know the tax concessions available to your specific situation?
Q: Do you need to have money or be wealthy to see a financial planner?
A: No, getting the correct foundations in place as early as possible will help you achieve your financial goals. Have a complimentary no-obligation call to see how a financial planner can assist you.
Q: How often should I meet with my financial planner?
A: Regular reviews are essential to ensure your financial plan remains aligned with your goals and changing circumstances. Typically, it’s advisable to meet with your financial planner at least once a year, but more frequent meetings may be necessary depending on your needs and life events.
Q: Where can I have a meeting with you?
A: Tanner does face-to-face meetings on the Gold Coast. If you’re outside this area, Tanner also does virtual meetings via Microsoft Teams and Zoom, and phone appointments.
Q: Why choose Tanner Jordan Wealth?
A: Tanner Jordan Wealth provides comprehensive and complex financial advice at a very cost-effective price compared to the industry. Tanner has worked for multiple firms in financial planning and has taken away what works and what doesn’t. Tanner prides himself on organisation, efficiency and communication to build a trusting and confident long-term relationship with his clients.
Q: What do I need to have for the initial meeting?
A: Tanner will provide you with a list of what to have on hand for the meeting.