Financial Planning News For Doctors And Dentists May 23

Market Movements And Economic Review – May 2023

In the lead up to the Federal Budget, better-than-expected inflation figures were cause for optimism that the lengthy run of cash rate hikes have had an impact.

US stocks in April saw the biggest rally that has been experienced for months, as investors looked beyond gloomy economic data.

Local markets were buoyed by the Wall Street rally, as well as welcome signs of inflation easing, with the ASX200 ending the month slightly higher.

View the economic commentary here

At Experien Financial Services our objective is to help clients develop a strategy to convert their current income and assets into wealth in retirement. We use our bespoke actuarial modelling (running thousands of investment and longevity scenarios) to interactively refine a strategy with the client, aiming to give them the outcome with the highest likelihood of success.  We help our clients solve the following issues and more:

  1. How much money do they need to retire?
  2. How should they invest their savings before retirement?
  3. Which superannuation fund provides the investment flexibility they need, in a cost-effective manner?
  4. Should they have an SMSF?
  5. How do they most effectively transition to retirement?
  6. How do they invest in retirement to ensure that their wealth lasts for as long as they live?
  7. How do they minimise tax on their investments?
  8. How do they maximise social security entitlements?
  9. How do they reduce investment risk while still achieving optimal investment returns?
  10. What should they do with their insurance payout or inheritance?
  11. Should they buy/sell a property?
  12. How do they balance their monthly budget?
  13. How do they minimise the tax my dependents pay if they die?
  14. How much is the optimal amount of insurance for their needs?
  15. What is the most cost-effective insurance solution?

Contact us to help you determine and meet your financial and insurance goals with confidence

Click here to get in touch to book a free introductory consultation. Or contact us on 1300 417 020.

This information is current as at May 2023 and includes contributions from external sources. This article is intended to provide general information only and has been prepared without taking into account any particular person’s objectives, financial situation or needs (‘circumstances’). Before acting on such information, you should consider its appropriateness, taking into account your circumstances and obtain your own independent financial, legal or tax advice. You should read the relevant Product Disclosure Statement (PDS) before making any decision about a financial product. 

Life insurance and Financial Advice services are provided by Experien Insurance Services Pty Ltd (EIS) ABN 99 128 678 937 and Experien Financial Services Pty Ltd (EFS) ABN 32 631 346 757. EIS and EFS are a Corporate Authorised Representative (No. 320626 and No. 1274354) of Affinia Financial Advisers Limited ABN 13 085 335 397 AFSL No. 237857.