July is the financial year reset most doctors miss entirely.

Wealth adviser Abraham Aguilan and buyer's agent Felix Taing break down what the first 90 days really demands: reviewing income structures, super contribution strategies including a $100,000 catch up opportunity most practice owners never knew existed, insurance cover checks, and why your accountant and mortgage broker need to be in the same room before you chase the year's big acquisition.

The question they leave you with will change how you think about every July that follows.

• Align Finances with Fiscal Year: July marks an optimal time to set financial goals, enabling a proactive approach throughout the year.
• Understand Different Income Structures: Medical professionals often have complex income structures that need tailored tax strategies.
• Strategic Super Contributions: Taking advantage of concessional and catch-up contributions can significantly affect tax and retirement savings.
• Insurance Reviews are Vital: Regular reviews of income protection insurance ensure coverage aligns with income levels and professional risk.
• Team Alignment is Key: Having a robust financial team aligned on goals makes a tangible difference in achieving financial objectives.

1. "Why not have a revelation in July, rather than a resolution, to plan your finances well for success?" - Felix Taing
2. "The first 90 days in the start of the financial year is the most critical time to be planning." - Abraham Aguilan
3. "Review your income at the start, sitting with your accountant, your advisor, and your lender to make sure that we're all aligned on what those plans are." - Abraham Aguilan
4. "It's about every adviser having their own agenda and aligning those with your goals." - Abraham Aguilan

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The information shared on this podcast is general in nature and does not constitute personal financial, tax, legal, or investment advice. It has not been prepared with your individual objectives, financial situation, or needs in mind. Before acting on anything you hear, we recommend seeking advice from a qualified professional who can assess your specific circumstances. Affluens360 Wealth Management Pty Ltd is an authorised representative of Advisory Circle Pty Ltd (AFSL No. 513052). For more information, visit affluens360.com.au.