What We Do

You’ve worked hard in your career to get where you are, you’ve got the car, had the holiday and now, its time to put your money to work.

Budgets and Cashflow Planning: The foundation of wealth creation is spending less than you earn and creating habits that will last a lifetime. Making plans to budget and get that nest egg building is now in your sights. But how do you start? What should you be thinking about; you have no major debts, your single, independent and free. But what happens if you can’t work, who will look after you?

Insurance: protecting that hard earned income and years of study becomes crucial. How is the best way for this to be structured, you don’t want to be spending more than you have to but need to know that you will be OK in the event you cannot work for a period of time due to accident or illness.

Super: I’m not so interested in my super at the moment; it just sits there doing nothing. As retirement is so far into the future it makes absolute sense that this is not a key priority. However, by making a small payment now, less than a cup of coffee a day, your retirement plans could go from good to great! Imagine having an extra $250,000 to retire with.

Just start: You don’t need large amounts of money to start financial planning. You just need to start. It’s all about the ripple effect a small action now can lead to some fantastic financial freedom throughout your life. “The sooner you start, the better off you’re likely to be”.

Budgets and cashflow planning: while there are no children you want to travel, build a nest egg so that when the time comes, you have the option of one of you taking time out from work to raise the family. You ask yourself, where do we start, how best to structure our savings, what is the best option paying off the mortgage or saving a nest egg.

You have big plans; you are saving every penny for, or are about to buy your biggest purchase ever! A home where one day you may fill it with a family. You want the excitement of buying your new home to last forever but in the back of your mind the level of debt that you now have, can leave you breathless. What happens if we lose our jobs? Or worse, what happens if we become sick or have an accident and cannot work. All these questions run around in your head and you just don’t know where to start.

You are working hard at your careers and really putting in the time. You love your jobs and lifestyle. You love eating out and having the freedom of cashflow and time to do whatever you want, whenever you want. But if anything unexpected happened to either of you, can the other handle the expenses on their own.

See kids in the future? Probably. That means school, and the associated expense. Planning now will soften the financial burden and could expose better opportunities down the line for them.

Investing – by managing your cashflow and making informed choices about your discretionary income you can address paying off your mortgage, drip feeding into your superannuation and building assets in your own name, all at once. It just takes discipline and guidance.

Starting a family and growing a family takes planning, a lot of planning! Discussions need to be had on whether to drop to a one-income family, the comfortable lifestyle you have lead in the past is that, a chapter of your life storybook. Now you need to plan, where shall they school and the associated costs, will your home be able to support your growing family. Planning for these things before they eventuate will make a world of difference to your stress levels and budget.

You think you should review your personal insurances, now that children are involved. You want to preserve the wealth you have accumulated. And that gets you thinking, if something happened to us who would look after the kids. Estate Planning is not just about Wills, it’s about making sure your family is as protected as it could be. That the right assets go to the right people at the right time.

You feel it’s time to really kick-start your wealth creation plan. You may have not reviewed your superannuation and investments for some time; you have just been too busy raising a family. You have no idea what’s happening in the super world, the legislation is changing all the time. You wonder if you should be paying more off the mortgage now that you both are back at work.

Do you need to move from that two-bedroom villa into a bigger house so the kids have room or move closer to the school you favour the kids going to? How do you finance that?

You want to take the kids overseas with you but now your costs have doubled with the addition of an extra little person or two. Holidays require a lot more planning and finances.

The kids are almost off your hands, your income is now your own, the mortgage is almost paid out and what to do with the savings? What do you want to achieve while still in paid employment, setting goals and working towards these can be exciting. You want to see all your hard work paying off.

You have loved your working life but want to plan for the next adventure. You don’t want to retire and do nothing, you want to be productive, you want to work doing something but what could that be? You ask yourself what will I do in my new life? Will I take a trip, learn something new but you wonder whether you have set aside enough that you can give up your ‘day job’ all these questions can be answered when you plan.

You know you need to make super work harder for you, how much can you contribute, what deductions are available. How has my fund done in comparison to the market? You are thinking that you may like to manage your own super but want to understand what will be required of you by the tax office.

You are considering downsizing your home, its too big for just the 2 of you. You’re dreaming of a sea change/tree change. The choices are numerous and you want to consider all options. But can you afford to still retain a city property?

Planning for a lifestyle employment instead of a ‘day job’ you need to set your income requirements. You want it structured right, you want to protect each other if one of you was to pass prematurely. You want to ensure the kids are protected and hopefully in time you want to ensure your grandchildren are also looked after.

You have a vision… You’re motivated. You’re focused, ambitious and unrelenting. You are an owner. A shareholder. A director. Or all three. You not only drive the process, you make it too. This is your vision. Your goal. Your life.

Owners of small and medium enterprises (SME) find themselves wearing so many hats that research has found little time is found to spend on their own personal financial planning objectives. Key Choice Financial Solutions has worked in this niche area for many years and has assisted owners focus some time and energy on ensuring their plans for the future are prioritized, documented and met.

Protecting what you have and protecting what you have yet to earn!

What happens if one of your partners falls ill and has to move out of the business? Do you have adequate insurance in place so you can continue your hard won business?

Maximizing superannuation for the tax efficiencies it provides, ensuring your wealth is diversified out of your residential property and your business asset.

You have led a good full life. You are happy and content in your own home but do feel that things may be getting too much for you to manage on your own. You are thinking of the future and want to pro-actively put the plans in place to ensure you manage your twilight years on your terms.

As we get older we may need help with our daily living activities. The frailty of older age or some illnesses may make it harder to live independently without help from a spouse, family or an aged care service provider; asking for help does not necessarily mean you will have to move out of your home as this seems to be the greatest fear. With the available consumer directed care (CDC) packages that are subsidized by the government, staying in the family home is more achievable than ever.

But what if you need more help to manage your basic daily living requirements? It may be time to think about moving into a ‘form’ of residential care. By discussing with family and your Financial Planner your wishes, you can take control of these decisions. You can express your desires.

What if, through illness you can no longer make decisions?  Families’ dealing with the moving of a parent into aged care is an emotional time.   For clients and their families, the move into care can be confusing with the various legislation, paperwork and Centrelink issues that arise.

This does not need to be the case. Seeking advice prior to requiring care could mean the difference between receiving a government subsidiary or not. Effective planning provides clients and families with more choices and greater control.