Financial planner

Yeah.

So I've been a financial planner for my entire career out of university.

I kind of joined a fee for service financial planning shop, which over the years, you know, acquisition company got bigger and services changed a little over the time.

The core function of what I've done has stayed true the whole way through.

So yeah.

We look forward to sharing some of that expertise and some tips, areas to be concerned about, areas to watch for in the planning process.

And I guess echoing your background, we're always asking in our intakes about the beneficiary designations, but I think this will... identify the areas we may need to dig a little bit deeper on, or at least be able to say to the clients, listen, you need to get back to the financial planner and say, let's verify this stuff.

Because I have seen it certainly where somebody makes an assumption of what the benefit designation is.

Deciding what to do with all that is another.

Should we spend the extra money, save it, invest, maybe pay down debt? And should tax incentives encourage us to make more purchases that we weren't otherwise planning to make? Well, to explore those questions, I'm joined by Licensed Financial Planner, Rafiq Hidayat, who's also Managing Director of Wealth Vantage Advisory.

Rafiq, welcome to the show.

Hi, Roshan.

So I say, okay, so now before you might not have saved the receipts.

Now you have to start saving the receipts because you're going to need it if you get audited by LHD and moving forward.

And that's my role as a financial planner to help my clients save as much money as they can because this is allowances that the government has given.

So I think that's the answer to the first question.

In today's episode, I want to take you through a few of the key elements in that guide to help you reflect on your readiness for what could be the most enjoyable phase of your life.

My name's Paul Benson, Financial Planner and Practice Principal at Guidance Financial Services.

Thanks for joining us.

Let's dive in.

[on hold music] G'day, ladies and gentlemen, and welcome to another episode of Expat Chat, episode 193 today.

And today I'm joined by a special guest, one of our specialist expat financial planners from the Gold Coast office, Shaun Fairon.

Good afternoon, Shaun.

How are you?

do Roth transitions every year.

And that's where the tax planner and the financial planner should come in handy, having them all under one roof because you're going to want to know how much you're going

to

want to go up to top of your tax bracket.

So we not only take the preparation of taxes seriously, which we do, but we actually do tax planning free of charge.

We'll sit down, have a tax knowledgeable person sit down with you and go through and show you and lay out these scenarios for you so that you can plan ahead.

Now, the reason I'm making such a big point about that is if you are working with a financial planner today, I want you to listen to me.

Very important part of the show here.

I was a phony.

I was not an experienced financial planner.

Everyone's going to be able to psych me out and know, what is this girl doing here? She doesn't belong here.

And if I had held on to that mentality this whole time, I would have missed out on some of the closest relationships I have in my life, especially around financial planning.

There's a lot of sessions this year about AI, and I'm interested to learn about how other people are incorporating AI into their practice.

So I'm looking forward to that.

Okay, so now let's say a returning advisor, financial planner comes back to this conference.

What's your advice for them to really squeeze the juice out of that one?

So Jesse Cramer is joining us from Rochester, New York, and he used to launch orbital satellites before he got into financial planning.

And so, uh, he's a fee-only fiduciary financial planner focused on retirement primarily.

He's also the host of the Personal Finance for Long-Term Investors podcast.

Um, and he's a writer behind The Best Interest, and that reaches about twenty thousand folks, uh, and retirees every month.

So yeah, no, we'd love to just hear your story for how'd you like-- how-- why'd you make the switch from, you know, orbital science engineer to, uh- [chuckles]

Yeah

... you know, financial planner.

Yeah.