Phone 02 4962 4440
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Newcastle Financial Planning business GEN X advisers is the first to focus on growing wealth for a generation… GENERATION X.

Our focus allows us to tailor our products and services to support this generation in growing their wealth. Our clients, born between 1961 and 1982, have a very similar way of looking at lifestyle, wealth, family and social issues. A balanced lifestyle is important to GEN X.

We wanted our website to reflect this and hence you will find our pages filled with both work and play.

We hope you enjoy our relaxed and personal approach to introducing our clients to financial planning principles and strategies whilst having a little fun…

Why use Super to buy Property?

Posted by Genx on February 17th, 2010

As I meet clients in and around Newcastle, a common question asked by clients is ‘is having property in Super worthwhile and what does it involved’.

To help answer these questions here is an extract from Bina Brown of AFR.

Property investors looking for ways to turbo charge their retirement savings are focusing on do-it-yourself superannuation funds. Borrowing money to buy property has long been a favourite strategy among investors. Factors that make it preferable include tax benefits through negative gearing and the fact you can usually see and touch what you own.

Rules introduced in September 2007 to legitimise listed security warrants mean borrowing is now permitted by a super fund if the borrowing is structured as an instalment warrant.

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Succession Planning – Baby Boomers to GEN X

Posted by Genx on January 31st, 2010

According to some recent research by AXA and Monash University, family business and succession are not always a healthy mix – in Victoria alone of third or forth generation family businesses:

33.7% Have a succession plan for the future ownership of the business
15.6% Have an ownership succession plan in writing
9.4% Have an ownership succession plan implemented
18.1% Have a succession plan for the future management of the business
14.2% Have a management succession plan in writing
12.1% Have a management succession plan implemented
91.3% Do NOT have a documented family constitution
26.2% Do NOT have a management structure in writing
31.3% Have a performance appraisal system for family members

Some amazing numbers when you take the time to consider how this impacts on your business. So why do family business owners enable this to happen when our reserach shows overwhlemingly that having plans in place adds substantially to your overall business value?

Maybe it is time to work with your trusted advisors NOW to ensure that you achieve your optimal outcome both financially and emotionally.

GEN X advisers can help with the financial side along with your Accountant for structural advice. A business coach is also an essential ingredient in the mix to get your business fit and ready for succession as it can be a long road that sometimes feels more like a roller coaster ride!

If you are interested in finding out how business coaching can play a part in your overall business planning contact Tim Ryan from Shirlaws, who is based in Newcastle.

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Newcastle pensioners face poverty

Posted by Genx on December 2nd, 2009

Newcastle financial advisor, Dustin Kavanagh urges people of Newcastle to consider two things.

Firstly, what standard of living do you want in retirement and secondly, what choices are you making now to obtain this.

It all starts with actually articulating what it is that is important to you about your retirement, Dustin said.

Here is an interesting article published 24/11/2009 By Emma Thelwell, ninemsn Money

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Charter Financial Planning Limited ABN 35 002 976 294 Australian Financial Services Licensee, License number 234665 Principal Address: 750 Collins Street PO Box 2830 Melbourne Victoria 3001