Young and healthy, no need for insurance. Think again.

Former Miss Venezuela Eva Ekvall died in Houston after fighting breast cancer since last year, her representatives said. She was 28.
"Sadly, cancer had the last word," writer Leonardo Padron told Globovision.
Ekvall, an actress and news anchor, died on Saturday after "demonstrating extraordinary calm and courage in her fight against cancer", Padron said, without confirming whether the body would be sent home to Venezuela.
The former beauty queen wrote a book after being diagnosed with breast cancer last year and tried to raise awareness of the disease.
"Now I know what it feels like to not have a hair on your head," she said in a Twitter posting on March 10.
In Venezuela, "we invest a lot of money in looking beautiful and not in health care", the former model said.
Well-known photographer Roberto Mata worked with Ekvall to chronicle her fight against cancer in the book Fuera de Foco.
Source: http://au.news.yahoo.com/world/a/-/world/12399029/former-Miss-Venezuela-dies-at-28   
Facts about Breast cancer in Australia:

Every day in Australia, more than 30 women discover they have breast cancer.

Breast cancer is the most common cancer diagnosed in women aged over 35 years — 29% of all cancers diagnosed.

Trauma cover pays the tax free lump sum if a person diagonises with critical illness like cancer, stroke, heart attack, kidney failure with other 54 conditions. Ask us how you can have emergency medical fund for you and your family by having appropriate level of Trauma cover. Above sad event again inforces us to realise that critical illness does not have any bias towards any age or celebrity status.

Kind Regards,
Rashesh Bhavsar
Financial Planner

Fortune Wealth Creation Group
Ground Floor, 566 St. Kilda Road,
Melbourne VIC 3004

Free Consultation (valued over $660):
Call today on 03 9018 5534 or send an email to info@fortunewealth.com.au to book a free financial consultation to find out your personal wealth creation and wealth protection plans for you and your family.

"Genuine, transparent & professional financial and insurance advice"

Australian economy update: Statement by Glenn Stevens, Governor Dec 2011

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 4.25 per cent, effective 7 December 2011.

Growth in the global economy has moderated this year after a strong performance in 2010. Some of the slowing reflected temporary factors, and as these passed, the pace of expansion in the United States and much of Asia began to pick up around mid year. China's growth has been slowing, as policymakers there had intended. Trade in Asia is now, however, seeing some effects of a significant slowing in economic activity in Europe.

The sovereign credit and banking problems in Europe, to which European governments are still seeking to craft a full response, are likely to weigh on economic activity there over the period ahead. Financial markets have experienced considerable turbulence, and financing conditions have become much more difficult, especially in Europe. This, together with precautionary behaviour by firms and households, means that the likelihood of a further material slowing in global growth has increased. Commodity prices have reflected this, declining further over recent months and taking pressure off CPI inflation rates. This has increased the scope for some easing in monetary policy in a number of countries.

Information about the Australian economy suggests output growth has been close to trend, with demand growth stronger than that. The terms of trade have now peaked and will decline somewhat in the near term, but they remain very high. In response, investment in the resources sector is picking up very strongly, with much more to come. Some related service sectors are enjoying better-than-average conditions. In other sectors, changed behaviour by households and the high exchange rate have had a noticeable dampening effect. The unemployment rate has increased a little since mid year, though it remains close to 5 per cent.
CPI inflation on a year-ended basis remained above the target at the latest reading, due to the effects of weather events last summer, but is now starting to decline as production of key crops recovers. Moreover, with labour market conditions now softer, the likelihood of a significant acceleration in labour costs outside the resources and related sectors in the near term has lessened. Accordingly, the Bank's current judgement is that inflation is likely to be consistent with the 2–3 per cent target in 2012 and 2013, abstracting from the impact of the carbon pricing scheme.

The reduction in the cash rate as a result of the Board's previous decision flowed through to lending rates, which are now around their average level of the past 15 years. Short-term market interest rates have tended to decline a little further in recent weeks, though term funding conditions for financial institutions have become more difficult. Credit growth remains subdued and asset prices have declined further over recent months. The exchange rate has been quite variable over the past few months, but remains at an historically high level.

Overall, the Board concluded, on the basis of all the available information, that the inflation outlook afforded scope for a modest reduction in the cash rate. The Board will continue to set policy as needed to foster sustainable growth and low inflation over time.

Cheers,
Rashesh Bhavsar
Financial Planner

Fortune Wealth Creation Group
Ground Floor, 566 St. Kilda Road,
Melbourne VIC 3004

Free Consultation (valued over $660):Call today on 03 9018 5534 or send an email to info@fortunewealth.com.au to book a free financial consultation to find out your personal wealth creation and wealth protection plan for you and your family.

Source: http://www.rba.gov.au/media-releases/2011/mr-11-28.html

Superannuation Update: 12% Employer Contribution and Super Tax Rebate

Financial planning and superannuation industry bodies have welcomed the Superannuation Guarantee (SG) Bill’s passage through Parliament.
On Wednesday (23 November) the House of Representatives passed legislation on the gradual increase of compulsory superannuation contributions from 9 per cent to 12 per cent.
The legislation includes measures to remove the age limit of the Superannuation Guarantee as well as removing superannuation contributions tax for people earning less than $37,000 per annum.
“The Financial Planning Association (FPA) welcomes the Government’s passing of the Superannuation Guarantee Bill and the measures incorporated to assist our aging population with the incentive to remain in the workforce as well as maximising the retirement benefits for low income earners in Australia,” said Mark Rantall, CEO of the FPA.
“This legislation better supports all workers without discriminating against age or wage. The FPA supports initiatives taken by Government to assist Australians in planning their financial futures and ensuring they are better prepared for retirement.
“An increase in the Superannuation Guarantee and encouragement to seek professional financial advice will enhance the quality of life during retirement, ensure income adequacy, reduce longevity risk and decrease reliance on the age pension for Australia’s ageing population. It is timely that the Government is addressing this national issue now.”
The majority of the reform measures are expected to take effect from 1 July 2013, with the low income rebate commencing from 1 July 2012.
The superannuation industry also welcomed the passage of the mining tax bills package.
The mining tax will support the increase in the SG to 12 per cent, as well as a low-income earners super tax rebate.

Source: http://www.professionalplanner.com.au/superannuation/thumbs-up-for-super-guarantee

Cheers,
Rashesh Bhavsar
Financial Planner


6 Steps to create secure financial future:

1. Secure your income and have provisions for ongoing income in the event of death or disability
2. Minimise your tax effectively
3. Build retirement savings by using superannuation entitlements
4. Have regular investment plan into diversified investments
5. Have Will & Enduring Power of Attorney and valid nominations on your super & insurance
6. Have ongoing review

Free Financial Planning Consultation (valued over $660):
Call today on 03 9018 5534 or send an email to info@fortunewealth.com.au to book a free financial consultation and to find out your personal wealth creation and wealth protection plan using above 6 steps.

Fortune Wealth Creation Group
Ground Floor, 566 St. Kilda Road,
Melbourne VIC 3004

Join Free: Send email to info@fortunewealth.com.au to receive free updates, newsletter and exclusive invitations.