When you hear the word luxury, what do you think of? Maseratis, Ferraris, private jets?
Dream on – we are too – but that’s not what we mean by luxury today.
When running a few km's, the whole time you think about how far left you have to go until you're done. When you are doing a few short sprints, all you think about is the small distance you are running right at that moment.
Retirement sounds great, no more work, and the freedom to do whatever you want. But why do we sometimes fear what is yet to come?
When people discuss superannuation and/or retirement planning, the topic of risk is often brought up in conversation.
Providing hand outs to your adult children is not going to teach them the valuable lessons they need to stand on their own two feet. However, that’s not to say you can’t help them by providing a “hand up” alternative.
One of the key things involved with retirement planning is finding out what the clients retirement goals are. Usually, this would involve a time where they would move from full-time work straight to fully retired.
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?
Dallas Davison, Michael Hogue and Ali Hogue.