A complete financial plan

lWhen developing your plan, your NAB financial planner will help you prioritise your goals and may recommend some of the following strategies:

Wealth creation

Investing is an important way of building a secure financial future. But it is not only about taking on risk to see returns. If you're still young, time will be a great ally. If you're older with a partner or a family, the way you structure investments may significantly increase their value. And as you accumulate assets, they can also help springboard you to greater wealth.

In discussing your options, your financial planner might cover some of the following strategies:

• Using time to your advantage with compound returns
• Enabling growth and helping minimise risk through a diversified spread of investments
• Structuring investments according to your family situation to be more tax efficient
• Managing assets and using them to build greater wealth

Download a Wealth Creation Srategy Guide (PDF)

Wealth protection

It's important to protect your existing assets, income and future wealth because unfortunately, death, serious illness and injury are all part of life.

A NAB financial planner will look at your situation and goals before discussing personal insurances with you. Here are some options they may talk to you about:

• Choosing between separate and combined policies for life cover, critical illness, income protection and total and permanent disability
• Considering the benefits of holding insurance inside and outside of superannuation
• Reviewing your arrangements as your personal circumstances change

Download a Wealth Protection Strategy Guide (PDF)

Debt management

Although you may have been brought up to think debt is bad, if used effectively it can be a very good wealth creation strategy.

Debt can be used to buy investments like shares and property, which have the potential to grow in value. This strategy, known as gearing, may help build an investment portfolio. If such a strategy suits your attitude to risk, you NAB financial planner may talk to you about:

• How an investment loan can be structured to suit individual circumstances
• How to use investment income and tax savings effectively

Download a Debt Managment Strategy Guide (PDF)

Superannuation and retirement planning

How much will you need in retirement? It depends how you plan to spend those 20 or so years. Maybe it's a quiet life on the coast; perhaps it's a return to the inner city; maybe it's regular visits to family around Australia or even trips further a field.

Whether you're about to retire or simply planning ahead, the decision you make now can help ensure you have the security and choices you want in the future.

Your financial planner can assist you with a strategy that considers your current age, family situation and lifestyle. These details, plus the amount you hold in superannuation funds and other investments, will help them work out how best to deliver your retirement goals.

They may also talk to you about some of the following strategies, depending on your situation:

• Identifying the most appropriate super 'asset allocations' for your personal circumstances
• The benefits of salary sacrificing into super
• The tax benefits of making spousal super contributions

Download a Superannuation Strategy Guide (PDF)

Download a Retirement Strategy Guide (PDF)

Estate planning

It's important to put in place plans if you want to pass on your wealth to the people you choose.

From a financial planning perspective, it's important to ensure that the wealth accumulated over your lifetime goes where you want it to. If you die without a valid will, a court-appointed administrator will distribute your estate as they see fit.

Considering how you want to structure your estate is complex and a NAB financial planner can assist you to draw on the expertise of other professionals, such as National Australia Trustees, to provide a complete range of solutions.