Proxima Financial Planning

22/05/2024

Exciting opportunity for a Practice & Growth Manager

Are you ready to step into a world of challenges, growth, and boundless opportunities?

Look no further – our vibrant financial services firm, nestled in the heart of the Eastern suburbs of Adelaide, is seeking a talented Practice & Growth Manager to join our dynamic team. With a proven track record of delivering exceptional financial planning solutions, we're on the hunt for a star who can help us elevate our services to new heights.

16/05/2024

2024-25 Federal Budget – your 5-minute round-up!

It’s that time of the year again when the Australian Government unveils the Federal Budget, setting the stage for the nation’s economic direction. We help you find out all you need to know in this 5-minute read.

With the aid of a $9.3 billion surplus, Treasurer Jim Chalmers has announced a number of proposals to help Australians manage their finances, whether they’re paying off a student loan, looking for work or paying rent. There’s also a $300 energy bill rebate, cheaper medicine and superannuation for paid parental leave.

But with interest rates at generational highs, cost of living pressures and the ongoing debate about housing affordability the proposals might affect your household expenses and financial future. Remember, many of these proposals could change as legislation passes through parliament.

Should you wish to discuss how the proposals may impact your personal financial circumstances, please don't hesitate to contact us.

07/05/2024

RBA Release May 2024 – Interest rates on hold but to stay higher for longer

As many predicted, The RBA released its latest rate decision to leave the cash rate unchanged at 4.35%.

However, in light of the recent strong inflation data predicting that inflation will continue to stay high for some time yet, further rate hikes are still possible with The Board emphasizing that its priority is still to return inflation to target.

Please contact the Proxima Financial Planning office on 08 8332 4700 or by email [email protected], if you have any further queries or concerns.

22/04/2024

Do you know the key drivers to a happy and rewarding retirement?

You'll be surprised to learn that it's not always all about money. Uncover what most people think about when planning their retirement.
Click this link to find out: https://www.loom.com/share/24cd43f27567487c9f31f12f4c360d3e?sid=58e64ef7-64c8-4973-9351-611bf8bcb3b4

Is it time to consider the design of your super strategy?

To review how your retirement plan is tracking, please contact Helen and the Team at Proxima Financial Planning.
Phone: 08 8332 4700
Email: [email protected]

01/08/2023

More good news…………….. !

At The RBA meeting held today, Philip Lowe’s penultimate board meeting as governor, the decision was made to leave the cash rate unchanged at 4.10%

Inflation in Australia has passed its peak but will continue to remain high for some time yet. Growth has slowed and conditions in the labour market have eased somewhat, although both still remain very tight.

Further tightening of the monetary policy may still be required to ensure that inflation returns to target in a reasonable timeframe, mid 2025.

Please contact us below if you have any further queries or concerns.

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We get to know you well before tailoring a financial plan to fulfil your lifestyle goals. Call us today for a free introductory consult - (08) 8332 4700.

07/07/2023

Markets jump as RBA meeting brings good news!
The Australian share market rose 0.4% or 31.7 points after The RBA’s decision to keep the cash rate unchanged at 4.1pc, after numerous interest rate increases since May last year. The still high interest rates are working to establish a more sustainable balance between supply and demand in the economy and holding the current cash rate will provide more time to assess the real impact the rate rises have had on the economic outlook.

However, inflation is still too high and will remain so for some time yet continuing to make life difficult, eroding savings, hurting household budgets and making it harder for businesses to plan and invest.

The Board is still expecting the economy to grow as inflation returns to the 2–3 per cent target range and we, at Proxima Financial Planning, will keep you informed of any developments that may impact your investments.

Please contact us below if you have any further queries or concerns.

We get to know you well before tailoring a financial plan to fulfil your lifestyle goals. Call us today for a free introductory consult - (08) 8332 4700.

07/06/2023

RBA rate rises back again!

The RBA hikes up the interest rate again to 4.25% - the highest cash rate since April 2012.

Despite having passed the peak of inflation, RBA Governor, Philip Lowe, states that at 7%, inflation is still too high.

Although The Board has said that Australian economic growth has slowed, labour market conditions have eased and wages growth has picked up, there is still the potential for further rate increases in the coming months.

With higher interest rates and cost of living pressures, household spending is slowing substantially, and house prices are on the rise again.

The Board continually reviews how the economy is evolving as it seeks to keep it on an even keel, as well as aiming to return inflation to the 2-3 % range.

We, at Proxima Financial Planning, will keep you informed of any developments that may impact your investments. Please contact us below if you have any further queries or concerns.

We get to know you well before tailoring a financial plan to fulfil your lifestyle goals. Call us today for a free introductory consult - (08) 8332 4700.

02/05/2023

Surprising RBA 11th interest rate rise!

The Reserve Bank of Australia has raised interest rates for the 11th time in a year.

The RBA announced a short time ago that the cash rate will rise by another 0.25% to 3.85%.

Despite predicting that the cash rate would remain at April’s 3.6%, the board could not hold the rate for a second month in a row given the importance of returning inflation to target within a reasonable timeframe.

Further tightening has not been ruled out.

Please contact us below if you have any queries or concerns.

05/04/2023

Proxima Pulse
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Reserve Bank pauses target cash rate at 3.60%

For the first time in the past year, The RBA has on Tuesday announced it held official interest rates steady and will continue to do so at least until May.

With signs of easing inflationary pressure and consumers slowing their spending, The RBA’s decision provides time to assess the state of the economy, with their priority remaining on an inflation target of 2-3 %.

The Bank will pay close attention to developments in the global economy, household spending trends and international economic data prior the next meeting just before the May Budget.

So, for those with a mortgage, this decision provides some pre-Easter relief.

We at Proxima wish you all a very hoppy Easter!

We get to know you well before tailoring a financial plan to fulfil your lifestyle goals. Call us today for a free introductory consult - (08) 8332 4700.

03/04/2023

Proxima Pulse
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Choosing Alternative Paths to Retirement

Good retirement advice now is all about considering a number of paths to retirement to ensure you are retiring on your terms, rather than having terms dictated to you.

The recently announced proposal for a 30% tax on superannuation holdings with large balances may have a far greater flow on affect than the small percentage of the population suggested.

Overall, there is a real risk that many people making additional contributions to super may question the merit of doing so given their perceived raft of changes to superannuation.

There are other tax effective strategies that can run parallel with superannuation and provide further diversification with less complexity and less regulatory tinkering than superannuation.

If you have any concerns or queries about the your retirement plans and the recent proposed super changes, please contact the Proxima team below.

We get to know you well before tailoring a financial plan to fulfil your lifestyle goals. Call us today for a free introductory consult - (08) 8332 4700.

08/03/2023

Proxima Pulse
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The Reserve Bank of Australia has lifted rates to an 11-year high.
How will this latest hike impact you?

If you are concerned about this contact us to discuss your options.
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After the Reserve Bank of Australia’s (RBA’s) monthly meeting on the 7th of March, the official cash rate has been lifted by 25 base points to 3.6%. This is the highest it has been since June 2012 and the 10th consecutive hike since May 2022.

This rise will increase the strain again on typical borrowers and will add an additional $77 to monthly repayments of $500,000 and double that for repayments of $1,000,000.

With the RBA’s target inflation rate between 2 and 3 per cent, the RBA board expects that increased rates will remain over the following months, ensuring that inflation returns to target.

If you have any concerns about the latest rise, combinations of living pressures, further rate increases or your financial position with a potential decline in housing values ahead, please contact Proxima

We get to know you well before tailoring a financial plan to fulfil your lifestyle goals. Call us today for a free introductory consult - (08) 8332 4700.

08/03/2023

Proxima Pulse
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ON INTERNATIONAL WOMEN'S DAY WE CELEBRATE WOMEN AS THE NEW FACE OF WEALTH.

There is a significant transfer in wealth happening partly due to several macro-economic factors including:
• The rising number of married women who are taking responsibility for household wealth decisions.
• Women are living longer than their male partners and therefore taking greater responsibility for family wealth as it changes hands from their baby boomer partners.
• The rise of the younger, educated, single affluent women.
Though diverse, women share certain commonalities, such as decision-making styles, risk profiles and approaches to investing and attitudes to financial advice.

As a result, women need to seek advice from a wealth firm that understands these similarities and can delve into the details of their individual needs.

As an advice business, founded over 20 years ago by a woman and operated by women, we at Proxima Financial Planning are well-placed to educate and assist you with all your financial matters.

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