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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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That’s Super Newcastle

Posted by Genx on February 17th, 2010

That’s Super

The advantage of buying residential property through a self-managed super fund
  Self-owner Self-managed fund
Property value $740,122 $740,122
Outstanding loan $253,000 $193,275
Interest paid $238,894 $223,374
Tax on sale proceeds $55,825 $0
NET PROCEEDS $431,297 $546,847

The advantage of buying residential property through a self-managed super fund

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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