Yearly Archives: 2017

Finding Lost Super

We’re well into spring now and with all the talk about spring cleaning, it’s a perfect time to clear out all those tasks you’ve been putting off. Namely looking for any lost super.


Latest figures have shown modern day Australians will have approximately 17 different employers throughout their careers. With all these changes in employment it’s no wonder there’s a large amount of lost super in the system. As of June 2017 the ATO has recorded 6.3 million lost super accounts with a total value of approximately $18 billion. All that money just sitting there waiting to be claimed.


There are a lot of reasons why many aussies just keep putting off looking for their lost super. Mainly as super is an asset which is not accessible until we reach preservation age, most people just don’t care about it. Others just find it too dificult and don’t have any idea on where to begin looking, but as you can see, it pays to find all your lost super and consolidate them into one.


Take for example the folowing graph which shows how much addtional super benefits would be generated from finding $5,000, $10,000 and $20,000 of lost super now.

As shown above, if this 28 year old person finds an additional $5,000 in lost super now, based on an average return of 6.53% per annum that amount would turn into $27,100 by the time they reach age 65.


Which means that by finding that $5,000 in lost super today it has increased it’s value by more than 5 times. Similarly finding another $20,000 of lost super now, means an additional $108,000 in super by the time they reache age 65.


I’m sure we’d all agree that having an additional $108,000 in super once we’ve retired is very attractive. In order to reap future rewards however, you have to start now by looking for any lost super.


Here at JBS we have helped many of our clients to find their lost super and ensure they’re on track to meeting their retirement goals, have you looked into what you can find?


– Andy Lay –

Spring Cleaning My Life

During winter I decided I wanted to join a gym to get ahead of the ‘spring rush’ where people hurry to get in shape for summer. Although only July and still winter, I wanted to get that spring clean feeling, get my life organised and into a routine so when summer arrives I can make the most of the warmer months.


I just completed my first 8 week challenge at the gym which was very successful. The challenge gave me structure, goals to work towards throughout the 8 weeks and kept me accountable with the other participants.


Part way through this challenge, I decided to apply this theory to other parts of my life. Joining the gym was the first step and now I have a plan to spring clean my life.


Health & Fitness Routine – I didn’t know where to start at first and to begin with, I thought I could only fit in two sessions per week. However, in just a couple of weeks its amazing how much I was enjoying the gym and I found the time to go, now I’m there at least four times per week. To keep motivation I change my routine/classes/coaches. I have also started keeping a photo diary to monitor the progress/changes.


My Time to Unplug – life is busier than ever and with the endless supply of entertainment at our fingertips, it’s no wonder time can slip away. I have made conscious effort to “rediscover me” by blocking out times each week to clear my mind and unwind. Switching off from my laptop, phone, social media and TV. During winter I was having saunas and now it’s a little warmer I enjoy laying outside on my deck in the sun to clear my mind.


Declutter – Household mess can contribute greatly to stress in our lives, so it’s important to make your home a space you want to be. I used the recent long weekend to go through my wardrobe, tidy the garden and do an all over spring clean of my home. My declutter session was quite therapeutic and as the saying goes – “tidy home, tidy mind”. I donated heaps to charity and managed to sell some items online which will go towards my ‘something special goal’.


Plan something special – I haven’t planned anything yet, however likely an overseas trip will be on the cards in the near future to reward myself on the goals I set myself in July and what I can achieve between now and the end of the year.


You can apply the same theories to your finances. Seeking assistance from a financial coach, doing an audit on your budget and re-assessing your goals can make a world of difference to achieving financial freedom.


– Pj –

Spring Clean Your Finances

Spring is a great time to give your finances a once over to see how those goals you set back in January are tracking. Reviewing your financial situation, starting afresh this spring and making sure you aren’t spending more money than you need to.


Below are a few tips to help organise and freshen up your finances:


Start with a Budget: if you haven’t tracked your spending for a while, it is likely that your income and expenses have changed. There is potential for you to save money by simply making a few small adjustments.


Automatic payments: everyone has been guilty of not paying a bill on time and this often incurs additional fees. Automatic payments could be extremely beneficial and scheduling a direct debit is one way to avoid these extra fees especially for regular payments like utilities.


Check your bank statements: running your eyes over your monthly bank statements for mystery charges. By doing this you may come across charges that are not yours or old subscriptions that you may have forgotten about.


Eliminate non-essential items: small inexpensive items add up over a month. If you didn’t purchase that morning coffee or afternoon snack every day you could save yourself over $1,000 a year. Look for cheaper alternatives – if you can’t leave the house in the morning without your coffee, purchase an eco-coffee cup and start making your coffee at home to take to work.


Protect what you can’t afford to lose: If something is important and you can’t afford to lose it – it needs to be protected. Your income is imperative to your financial freedom, you need to ensure it’s adequately protected.


You work hard for your money, so make it work for you. Creating a budget and monitoring your expenses doesn’t mean you miss out on all the fun stuff. It’s about knowing where your money is going so you stay in control.


If you struggle to stick to your budget or your financial situation is becoming a bit overwhelming, JBS has a program that can help give your finances that spring clean feeling. Contact us today to discuss how Cash Coach can help you.


I want to keep moving – Andy

I’ve always been a very active person and have always appreciated the benefits associated with staying active and fit. However staying active was a lot easier when I didn’t have responsibilities such as mortgages, bills and kids. If you’re like me and work in an office then you’ll understand that I don’t move around much at all during work hours and laughing doesn’t really count as exercise. Also throw in there the complications with public transport such as all the delays and cancellation of trains and all of a sudden finding the motivation to exercise becomes a monumental task. So it really does come down to the passion I have for exercise and staying fit, which pushes me to find new ways to keep active.


It was only after our second child was born that I started to take notice of how little exercise I do every day. My pre–kids weekly routine would be going to the gym between 3 – 4 days a week and sometimes I’d play a quick game of indoor soccer with the boys. However after our second child was born, that dropped to a nice round number of 0 days at the gym. As my partner doesn’t work and looks after the kids all day, she can’t wait to unload them on me as soon as I’m home. The kids in turn love hanging onto daddy as he’s the one who bends easily and gives them unlimited treats. Then on the weekends, it would be either taking the family out, gardening or visiting friends and families. So there really is no time for exercise.


I figured if there’s any time to fit in exercise it would have to be during the weekdays. The question was how? One fateful day the trams weren’t running, due to ‘another’ fault. As such I was forced to walk the entire 2 kilometres to work. After walking the distance once I figured it wasn’t such a big deal and in fact it worked in my favour as walking the distance was a form of light cardio. Also during the weekdays I’d notice that sometimes by the time I get home, the kids would be fast asleep after a day of running amuck. This gives me clear passage to grab my gym gear and run out the door. Although it’s not consistent I usually get 1 -2 days of gym a week. This meant I was getting 1 -2 days of weight exercises as well as 3 – 4 days of light cardio a week, by walking to work.


As personal trainers would tell you, training hard is not enough you also have to eat right. Having the correct and balanced diet also plays a crucial role in staying fit and active. In my case however, I can’t help but eat all the foods which are on top of the food pyramid. So what do I do instead? I just eat less during each meal and reduce my sugar intake to bare minimum, except for Fridays where I treat myself to chocolate at work, with the promise that the JBS team will do Tough Mudder training the following week. The training never seems to go ahead as planned for some reason.



Trying to stay active and fit in our modern lifestyle is never easy. However if we have a reason to stay healthy and active, we will always find ways even if it’s by accident. For me it’s not just for myself but also for my family. After all I still want to be able to keep up with my son at physical activities when he gets older so he can’t laugh at me.


– Andy Lay –

Ins & Outs of Aged Care

It’s hard to be passionate about Aged Care and in fact a lot of the time it’s very overwhelming and daunting, and can be a very emotional time for the family when they have to move a loved one into care.


Often one of the biggest questions is how do we fund it!? Especially when it comes to paying the Refundable Accommodation Deposit (RAD), with most people then stressing over what to do with the family home? Add onto that the fact it can be something that could be time critical, and selling a home isn’t something that can be done overnight.


The good thing is that this isn’t the only option you have. Although most Aged Care providers will probably try to make you pay a RAD, you actually don’t have to straight away. In actual fact you have 28 days from the date you enter Aged Care to make a decision on whether or not you have to pay a full or partial RAD, or if you want, you could even pay a Daily Accommodation Payment (DAP) or a combination of both.


If you elect to pay a DAP at a later time you can then decide to pay a RAD, but it doesn’t happen the other way around, so if you select RAD as your payment, unfortunately you’re stuck on this option. If selling the family home is the only viable financial option, by selecting a DAP you have the flexibility to not rush to sell the home and can instead pay the DAP up until the home is sold and when you can afford to pay the RAD.


However, the DAP isn’t necessarily cheap either, it’s normally worked out based on what RAD you are required to pay to secure a room. For instance, if the RAD is $450,000 and the current Maximum Permissible Interest Rate (MPIR) is 5.73%, then your DAP is $70.64 per day ($450,000 x 5.73%) / 365. If you pay a part RAD then you’re also required to pay a part DAP, and an option you have is to have the DAP deducted from the RAD to help ease cash flow.


Now you can see why it’s hard to be passionate about Aged Care, you have RAD’s, DAP’s, MPIR’s, and a whole lot of other acronyms that are hard to get excited about, and we haven’t even gone into all the fees yet, yikes!


Here at JBS we are passionate about helping our clients through every stage of their life including assisting their loved ones make decisions around Aged Care. When the time comes, rather than stressing about what to do, pick up the phone and talk to JBS. We can help assess what the best option is for you or your loved one and help you put in place a strategy to help fund Aged Care, and where possible help to reduce the impact of the fees.


– Peter Folk –

My Passions | Aakash

What makes you want to get out of bed every morning and makes you do that you love? What is that thing that you wouldn’t mind doing everyday for the rest of your life? Yes probably that thing is called passion. But I feel passion shouldn’t be limited to one particular activity. Some of us are passionate about few different things and I don’t think that’s wrong.


For me, I have a couple of passions:

– My work

– Trekking


1) My Work – So since childhood whenever someone asked me what I wanted to become when I grow up, my answer was a Pilot! But slowly I found myself getting interested in the business and finance news section of the newspaper that came home daily (and I realized how hard the science subject in school was!) Coming from a nation (India) where financial literacy is weak, I became interested in ideas that would help people understand finance in a way that is more than just their salary. So long story short, after completing my studies in finance, here I am at JBS trying to help our clients manage their wealth better along with a team that is equally passionate about the client’s best interest. Every time we witness clients achieving their financial goals, I realise how our passion helps others better their life. It’s a win-win for all. I haven’t ever thought twice about waking up and going to work because I go to bed at night looking forward to it!


2) Trekking – Being a part of the Scouts group at school gave me the knack for trekking, camping and trail hiking. I went on my first hike as an 11 year old and I don’t think I am going to stop till my legs give up. As I mentioned at the start that some of us are passionate about few different things and so I can’t go on treks or hikes daily but I have made it a point I do it as regularly as possible so that it fills up my hunger for trailing the outdoors. Be it climbing forts and mountains tops in India or camping in tents under chilling winter or just bushwalking around different trials in Victoria, there is not one aspect of it that I have or will hate. Reaching the top of a mountain peak gives me a high that makes the trek worth it.


I have tried to share 2 of my passions in a very short manner, but I would like to add that yes I am not the best at them yet. There are people who do the above better than me and have far more experience in it, but that does not deter me to stop pursuing these. For me my passion is about enjoying and loving what I do even if I am not the best at it, yet! I may not have climbed the Mount Everest, but will that stop me from going on treks? No. I may not be a finance expert yet, but will that stop me from learning more and working for my clients? No. These are my passions and I will pursue them because they make me happy 😊


– Aakash Mehta –

Passionate about Investing? Maybe you shouldn’t be

Some of the more common things that people are passionate about are family, work, their favourite sporting team but very few are actually passionate about investing. There is the occasional person you find who loves the markets, is constantly reading the financial papers and analysing financial ratios, but is this beneficial. Do passionate people make better investors?


There are a lot of emotions involved when you become passionate, both good and bad, and these emotions generally help us become better at something. If we look at sport for example being passionate and emotional can improve our performance, if we win we feel good and we like to repeat the feeling and hence we try to win more. In contrast losing creates that sadness and disappointment which feels terrible, something we may wish to avoid in the future and hence we look for ways to improve be it practise or implement a different strategy in order to avoid that disappointing feeling in the future. Investing however is a whole different ball game.


If we have a positive experience our emotions are high and we tend to want to repeat. In investing terms, we buy more. In contrast a bad experience causes us to do the opposite, if we lose money we want to sell to avoid losing any more money. What this means is we tend to buy high and sell low, the complete opposite of what we should be doing.


How the stock market and your emotions influence each other. Source:


DALBAR Inc. a US company completed an annual Quantitative Analysis of Investor Behaviour. Although it is based on US investors the results are staggering.



So in one year the average investor has underperformed the US Market by over 4%, however the long term statistics are even worse.



Over 30 years, while the market has increased by just over 10% per year yet the average investor’s performance has been just below 4%. In dollar terms on an initial investment of $100,000, the average investor has missed out on $1.5 million dollars.


While it’s well and good to state that in order to be a successful investor we need to remove emotions and not be so passionate it is easier said than done. Markets will continue to go up and down and it’s how we react to those situations will determine how successful we are at investing. Having an adviser by your side to help navigate you through different market conditions will prevent you from acting out of impulse decisions and increase your overall returns.


Here at JBS our team is accredited to provide holistic investment advice including direct shares, so feel free to contact us to look at your investment strategy.


– Liam Rutty –

Our New Toy | Peter Folk

This year has definitely been a big one for us in relation to expenses, firstly we bought and moved into our new home, then came our engagement and the need to save for our wedding, and throw in there a new oven which we weren’t expecting, and on top of all of this we still need to have a social life. Then our cars became unreliable and expensive to run (my fiancé’s was 24 years old!) so it then it came time to upgrade our cars, which at first seemed daunting and expensive and we just didn’t know whether we could afford to do it.


Luckily the guys at JBS Salary Packaging were able to help and explain to us the benefits of a Novated Lease. Without going into too much detail on how one works, we’re effectively paying for our new car from my pre-tax dollars (with a small contribution of after tax dollars), which helps to reduce the impact of the costs. The best part of it for us is that our car is fully budgeted for; we don’t need to set aside money for registration, petrol, maintenance etc. as it’s already being taken care of in the background from my wage.


Although it took a little bit for us to get our head around how it all works, thankfully the reliable team at JBS Salary Packaging were able to give us piece of mind that we could in fact afford a new car. In saying that, we still needed to work to find one that didn’t stretch our budget. The one thing I’m still in disbelief about is that we only took a very small hit on our savings each week, yet have a brand new car in the drive-way. Sure in light of this we could have spent a bit more on a car, but in the end the important thing was making sure we could afford our car without it impacting our other goals.


Now we’ve ended up with our new toy, the Honda HR-V. Now we no longer fight over whose turn it is to drive so the other one can sit back and relax, we now fight over who gets to drive!


– Peter Folk –

Insurance – You need someone you can rely on

The Australian & Securities Investment Commission (ASIC) have outlined the level of insurance claims which are declined each year by insurers:


ASIC revealed those who implemented their insurance via an adviser had a higher percentage of claims approved compared to an individual who purchased a policy direct from the insurer.


The value of obtaining advice when seeking to protect yourself and your family against the unthinkable should never be underestimated. The levels of insurance cover regularly run into the millions, and our clients are often surprised of how financially exposed they are should death, illness, or injury occur.


We are talking big numbers here, and when it comes to protecting your family, professional advice should always take precedence.


Without professional advice it can be very difficult to determine the level of cover required, which insurer to use, how the policy should be owned, and which type of premiums to select. Add to that going through the application and medical process it’s no revelation that many Australians are under-insured, especially those who choose to implement the insurance themselves.


In many cases, were it not for the adviser, those clients would likely either not start the process, or give up part way through.


There is a lot of value that advisers add to the insurance process, however in our experience, helping a client through an insurance claim is where we make the biggest difference.


We have had an unfortunate number of our clients claim on their insurance policies over the years. These have been due to death, permanent disablement where the client was unable to ever return to work, as well as a large number of claims due to cancer, and other illness / injuries where those clients were unable to work for a period of time.


Almost all of these client’s said the same thing to us upon receiving their claim payments, ‘there is no way I could have completed the claims process without you’.


There are a number of reasons for that. Claims require medical and sometimes financial evidence to be provided, and the forms can get quite technical. Paperwork isn’t fun at the best of times, but when a family is dealing with serious illness or death, it’s good to have the professional support of a Trusted Adviser.


We at JBS know we play a critical role in developing a protection strategy, and our true value shines through when a claim occurs.


It’s comforting for our clients to know they can rely on JBS to provide appropriate insurance advice, and be there to provide comfort, support, and take the pressure off at a very challenging period in a client’s time of need.


When it comes to insurance advice and claims, that’s the type of reliability you want.

Man Retires At 34 and Freaked Out on First Day

Sometimes when you read an article that resonates with you, well you just have to make a video about it!


In Warren’s latest #RetireRight video he shares some of the take outs from an article on Brandon, a 34 year old young man who achieved financial independence at the age of 34 and freaked out on his first day of retirement.



“Brandon wrote that financial independence was something I talked about and thought about so much that it just became this abstract concept in my mind and didn’t relate to anything in real life. It was a long-term goal that I guess I never actually pictured achieving.”


Check out Warren’s video where he discusses some of the learnings that are critical to giving yourself a choice about retirement. Here is the link to the article where Brandon is featured.


You’re never too young and never too old to start thinking about your retirement!


– Warren Hanna –