Edition No. 90 | 08 June 2018

June E-Newsletter

Welcome to the June E-Newsletter.

The end of financial year is almost upon us and if you are planning on contributing to your super this financial year we recommend contacting our office before the 15 June as there are various ways to contribute and several different types of MLC Superannuations. With some of the older super funds there may not be as much flexibility on how you can pay into the account.

REMINDER

If you have an MLC Pension (income stream) and you receive your payment in the first few days of the month, you would have received a letter from MLC advising your payment may be a few days later than usual.

Another reminder - if you are drawing the minimum income payment for your age this amount is reset on 1 July each year and the new income payment is based on a per centage for your age of the balance of your account on 1 July eg

under age 65 4%

65 - 74 5%

75 - 79 6%

80 - 84 7%

85 - 89 9%

90 - 94 11%

95+ 14%

We hope you enjoy the articles below and if you have any questions please contact our office on 02 65622295 and speak to either Tim or Debra.

Understand your retirement risks

Most of us would place the possibility of living longer than expected and outliving our retirement savings high on our list of risks facing retirees.

Prepare for the unexpected - and expected

A way to help efficiently plan for your financial future is to focus on how best to handle what are sometimes called life's financial turning points.

Dollar-cost averaging: An investor's emotional circuit breaker

The latest bout of higher sharemarket volatility reinforces the potential benefits of a disciplined investment strategy called dollar-cost averaging. It can act as an investor’s emotional circuit breaker and a means to progressively create long-term wealth.

Budgeting 101 working out your income and expenditure

Working out a realistic budget is a great way to take control of your finances. Although it may seem like a chore, it's the crux of sound – and sustainable – financial management. We look at how to ‘do the numbers.

ThreeSixty Research Market Update - May 2018

Highlights:

The global economy lost some momentum in the March quarter, but fundamentals remain robust.
US core inflation measures are rising, which is flowing through to longer-term expectations and pushing yields higher.
The threat of a trade war between the US and China continues to be a source of significant uncertainty for markets.
Australians will receive cuts to income tax as anticipated, while public infrastructure spending should help bring the economy closer to capacity.
Inflation in the euro area remains sluggish, with core inflation falling sharply from 1.0% to 0.7% in April.

If you have any questions regarding this report or would like to discuss your portfolio, please contact me directly on 02 6562 2295

Read full May 2018 market update report >>

In this edition

	Understand your retirement risks
	Prepare for the unexpected - and expected
	Dollar-cost averaging: An investor's emotional circuit breaker
	Budgeting 101 working out your income and expenditure
	ThreeSixty Research Market Update - May 2018

Phone
02 6562 2295
Fax
02 6562 2297
Email
enquiries@loomisfinancial.com.au
Address
Suite 1,
46 Smith Street,
Kempsey NSW 2440

PO Box 225
Kempsey NSW 2440

Loomis Financial Pty Ltd and Emily Males are Authorised Representatives of Consultum Financial Adviser Pty Ltd, ABN 65 006 373 995, AFSL Number 230323 an Australian Financial Services Licensee, Registered office at Level 6, 161 Collins Street, Melbourne VIC 3000 and a member of the IOOF group of companies.

Any advice on this site is general in nature only and has not been tailored to your personal objectives, financial situation and needs. Please seek personal advice prior to acting on this information. Any advice on this website has been prepared without taking account of your objectives, financial situation or needs. Because of that, before acting on the advice, you should consider its appropriateness to you, having regard to your objectives, financial situation or needs.