When discussing money in a relationship, it's not rare for arguments or disagreements to occur... We're only human. Being aware of the reasons why, however, can help with the communication process and understanding of one another.
We are currently in a time of global uncertainty; we are in the middle of the COVID-19 pandemic and a significant drop in the investment market that hasn’t been experienced for years.
So, what does this mean for us as a business?
There are a fair few strategies that we’ll be able to use immediately with most of our new clients to help achieve their retirement goals.
Most people have heard the saying ‘rent is dead money’. To some degree, it sort of is. Your cash will go in the pocket of someone else and you will not be getting any of it back.
However, there is more to consider.
There is a common belief that in retirement you should have moved all your super into cash and defensive assets (such as fixed interest), but it really depends on your current situation.
The week of 28 February 2020 the ASX200 had dropped by around 10%. This has taken many people by surprise. But should it?
You’ve spent what seems like a lifetime getting your dream home, and retirement is creeping up fast. You have put the absolute bare minimum contributions into your superannuation, but it doesn’t matter because you own your house and your house is your super. Right?
Most people come in to see us about 10 years from retirement and are usually very surprised on what can be achieved if they decide to switch on and focus.
There is common belief that you should move all your super into cash and defensive assets (such as fixed interest) when you retire. But it really depends on your current situation.
Making the leap to see a financial adviser can be a daunting process, especially knowing that you need to lay all your cards (regarding your financial situation) on the table.
You may feel as though you should have saved more or should be earning more income.
Dallas Davison, Michael Hogue and Ali Hogue.