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.
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.
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.
Most people need a car, it is a necessity that gives us the freedom of getting from A to B.
Eventually, you’re going to want to buy a new one and that’s fine if you are being reasonable. However, there are a few myths you need to be cautious of that could push you into making an unnecessary purchase.
We charge a percentage-based fee of 1% of your retirement savings balance per year on an on-going basis. For the first 12 months ONLY this is increased to 2%.
Financial planning is a very intangible business, which can make it hard for members of the public to put a price on the value-add that comes from advisers.
Building a successful business doesn’t happen overnight.
A successful business is a product of dedication, sacrifice, humility and hard graft.
After years of investing a great deal of time and energy into your business it’s fair to assume it will be worth something when you decide to hang up your boots.
Or will it?
Dallas Davison, Michael Hogue and Ali Hogue.