The Australian sharemarket fell to a four-month closing low as banks fell again and resource stocks were dragged down by sharp falls in oil prices. Wall Street reversed 0.7 per cent Tuesday night, but the S&P/ASX 200 index tumbled to close down 91.6 points, or 1.59 per cent, at 5665.7 as bullish global sentiment wilted along with commodity markets. The Australian dollar fell US0.4¢ to US75.60¢ as the US dollar rallied against major currencies on the US Federal Reserve's "hawkish" interest rate outlook. 

What this means for you: 

Are you on track for retirement? It's never too early or too late to start planning! With an ageing population and ever changing rules around superannuation and retirement, it's more important than ever to start planning ahead for your retirement. We are living longer than previous generations so we need to make sure now, that we are going to have adequate funds and assets in retirement to meet not only our lifestyle goals but to make sure that our retirement funds are going to last the distance. In a perfect world people should start looking at their retirement in their 20's or 30's (you can't beat 30 to 40 years of compound interest working on your savings) but in saying that don't panic if you think you may have left it a little too late. People of any age can start boosting their retirement savings and get on track to have the lifestyle they want once they retire. 

If you haven't started planning for your retirement, or need your retirement planning reviewed our services include: 

1. Calculating how much you'll need in retirement to enjoy the lifestyle you want
2. Preparing and implementing retirement planning strategies
3. Superannuation planning and SMSF's
4. Budgeting and cash flow management
5. Transition to retirement strategies
6. Centrelink eligibility ad calculating your potential entitlements
7. Help with estate planning 

We are all going to retire at some point so make sure you are in the best possible position when that day comes by making an appointment with Dominique to review you retirement strategy. If you would like to review your current structures, contact us today on 5482 2855.