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Financial Advice Fact Sheet
BB Fact Sheets – Money – Getting Financial Advice
Why get Financial Advice?
Choosing to use the services of an Accountant and/or Financial Planner could save you time as well as money, freeing you up for the tasks that you're really good at, rather than sitting at your desk or at home working out money issues. There are two main sources of personal financial advice:
Accountants can provide you with business or personal bookkeeping, financial services, consultancy and general business advice. They can also inform you of legislation and tax laws, and can offer you advice on how to free up money, how to save, and how to afford that extra holiday.:
Financial Planners provide advice on the best way to invest your money and manage your investments. They may work as an independent consult or for a financial investment organisation or Bank
People often think that they need a large sum on money to invest to consider using a n Accountant or Financial Planner, but even people on modest incomes with only their house as their main asset could benfit from seeking advice from time to time.
Baby Boomers and Financial Advice
Many baby boomers want to work longer, or are worried about retirement – an accountant and/or financial planner can help you budget for the things you'd like to do in the future, and provide a plan or set of investment strategies and guidelines to follow.
If you're relying on your own savings to boost your retirement, an accountant and/or financial planner could help you to maximise your income and returns on investments, even in the global credit crisis.
Top Tips for choosing an accountant / financial planner
The first step to take is to think about what you need your accountant / financial planner for - there are different types of accountants for different purposes.
Call around a few offices and find out the price of appointments, when they could schedule you an appointment and what you'll be getting for your money.
Examine the credentials of anyone that you're considering to look after your money
Remember to shop around! Often you won't find the best person immediately, so make a list of a few places and have some questions in mind before you give them a call! Finally, find someone you like, as you'll be dealing with this person on a regular basis
The best way to find an accountant is through Certified Practising Accountants national website. They can help you find your closest accountant with the right qualifications.
The best way to find a financial planner is through Financial Planning Association's national website. They can help you find your closest financial planner with the right qualifications.
Certified Practising Accountants - Australia - 1300 73 73 73
Financial Planning Association - Australia - 1800 626 393
Disclaimer: The information contained in this section should not be used for individual financial advice. Please seek independent financial advice if you have concerns or specific questions relating to your money.
This article was created by Jennifer Lawrance for babyboomers.com.au - Australia's website for Baby Boomers. Sources include ASIC and the Federal Government. Babyboomers.com.au is an online resource to help people find information and services on health, money, travel and recreation
Copyright 2009 Babyboomers Pty Ltd. All rights Reserved.
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