I’ve just had my first child just before I turn 30.
My father was 30 when I was born and his father was 30 when he had him. Based on this anecdote let’s assume the average 50-year-old has 80-year-old parents and 20-year-old children.
Out of these three, I believe that the average 50-year-old is in the toughest spot.
It is important to understand what we, as financial advisers, are able and willing to do, and what we are not able to do for you.
My parents have always said to me, they plan to spend their last dollar on the day they die.
Before I was their financial adviser, I didn’t give this much thought.
I hate to be the bearer of bad news, but if you’re reading this article, on the website of a financial planning business that specialises in working with 55 year olds, I can probably assume something about you: You’re not 25 anymore.
Many people think of retirement planning in the same way as a preflight checklist. That is, as a rigid set of specific actions we take at certain points along a timeline. This is a great way to plan for how to get an aeroplane in the air, given that the rules of physics aren’t likely to change as we’re going down the runway.
Lighthouse Financial Advisers Townsville and Maria Pandalai from TravelManagers have teamed up to provide you with the information that you need to start planning for your dream holiday.
Whenever we meet with someone for the first time, our first appointment is predominantly spent discussing their goals, objectives, and priorities. While some people know their financial goals, many people don’t. In addition to this, we also find that sometimes people think they have clear financial planning goals, when in reality they have what could be more accurately called a ‘wish’ or a ‘dream’.
January tends to be an interesting month. The hangover of drinking, eating, and spending too much wears off, and we start to try to make changes that we would like to see happen throughout the year. Whether it’s a new years resolution, or the realisation that another year has come and gone and not much has changed, there are 2 major goals that people tend to focus on in the new year: health, and wealth.
One of the first questions a financial planner will usually ask is: what are your priorities? Now, this is one of those questions that is well meaning but ultimately useless… unless it’s followed up with a simple test. Let me explain.
Dallas Davison, Michael Hogue and Ali Hogue.