 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.
 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.
 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?  This has always struck me as a question that doesn’t make sense.
In theory if a financial adviser asks their client this question, they would shoot back a defined time frame i.e. 3 years. In reality clients usually answer, “I don’t know”.  Tax. It’s an unavoidable aspect of working.
Most people pay a lot of tax in their working life and don’t receive much assistance from the government in return. So, when it comes time to collect the Age Pension it may feel like it’s your time to finally ‘get something back’.  The last article in this series covers the remaining major risks that can affect planning for retirement.
We have already covered market risk, purchasing power risk, business risk, and sequencing risk. Some of the other major risks include the following. |
