How financial advice can improve your overall wellbeing
What stops you from getting a good night’s sleep? One in three Australians put it down to financial stress.1 And with the cost of living still on the rise, working out how you’re going to pay the bills and put food on the table, often trumps planning for your financial future. But rest easy. We can help lessen your financial worries by putting you on track to a happier and more confident financial future.
Key learnings covered in this topic
- How financial advice can impact your wellbeing
- The benefits of seeking financial advice through CareSuper
- Financial advice available to you
Research by the Financial Planning Association (FPA) of Australia has shown that receiving advice from a financial adviser can help improve your overall quality of life.2 Why? Aside from the obvious benefit of feeling more empowered to make smarter financial decisions, good financial advice provides benefits beyond the expected financial gains. This includes having a positive influence on your mental health, family life and physical health. So, when things get bumpy and hit you out of the blue, you can cope with life’s shocks.
Here’s four benefits to be realised when you seek financial advice:
Lower financial stress
Advice can make the complex, simpler. Budgeting for significant goals in retirement, such as holidays and maybe even helping your children with some of their monetary constraints, requires careful consideration. Achieving these goals without knowing what strategies you can use can appear complex and lead to worry and stress. Advice can make striving for your goals simpler and more achievable.
More financial confidence
My income is fixed, so how can I stretch it to afford that new car? Understanding how to make your finances work for you is something advice can do. We can help you with a plan that will give you the confidence to make the most of the money you have, and the regular income you earn. You might be surprised just how far your money can stretch.
Advice transcends age, wealth and gender
It’s never too early, or too late, to get a grip on your finances. As you age and move through life, your financial priorities and circumstances might change, but the need to understand where and how you spend and invest your money doesn’t. And remember, you don’t need to be wealthy, or a certain age, to learn how to manage your money and improve your financial situation – you just need the right plan.
Feeling financially empowered
Being financially empowered means you’re actively managing your money, instead of your money managing you. Being confident in how you spend and save your money will reduce any financial anxiety you have and give you the flexibility (wriggle room) to make mistakes if you deviate from your goals.
Our advice team are here to give you good advice – plain and simple. They can help steer you in the right direction, explaining financial terms that might seem unfamiliar (did someone say ‘risk profile’?), take you through the advice options available to you, and deliver their recommendations that will help set you up for success, so you can feel happier and more confident about future you.
The main benefits of seeking advice through CareSuper are:
No two dreams are the same, so you'll receive advice that's personalised to your situation.
We’re on your side
We're a profit-to-member fund so we don't charge commissions and our fees are transparent.
Our financial planners focus on your needs so you'll be in control and have choices when you finish working.
Research shows financial planners from Industry SuperFunds are the most trusted.3
We’re here to help
Remember, you’re never alone on your super journey. As a first step you can book a call-back with a financial planner for super-related advice over the phone at no-extra cost.** This can be an opportunity to check your investment choices are aligned to your goals, get a retirement income projection and understand the tax-effective options for drawing an income from your super. Or get tailored comprehensive advice to start building your financial freedom now, and beyond your super. ^
Read more about your advice options.
Information correct as at 30 November 2023.
1Australians losing sleep over cost of living crisis, new report reveals | SBS News
2Advised Aussies significantly better off across the board, new research shows - ifa
3Financial Planning through CareSuper
**Financial advice obtained over the phone, or through MemberOnline, is provided by Mercer Financial Advice (Australia)
Pty Ltd (MFAAPL) ABN 76 153 168 293, Australian Financial Services Licence #411766.
^Advice is provided by one of our financial planners who are Authorised Representatives of Industry Funds Services
Limited (IFS). IFS is responsible for any advice given to you by its Authorised Representatives. Industry Fund Services
Limited ABN 54 007 016 195 AFSL 232514.
If you require more complex personal financial advice, our financial planners, in the course of their initial appointment with
you, may refer you to an external advice service provided by Australian Unity Personal Financial Services Limited (ABN 26
098 725 145, AFSL 234459).