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.
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.
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.
An active fund manager selects the companies and sectors they believe are going to outperform a common index. For example, an active manager may benchmark their performance against the ASX 200. This index reflects the performance of the 200 hundred biggest companies in Australia.
Who wouldn’t people want all their investments going towards companies that outperform index management?
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?
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.
When meeting new clients one of the first questions we ask is what their goals are. We often hear that they want to ‘maximise Centrelink benefits in retirement’ or ‘minimise tax’. While these are important aspects of financial planning, these approaches are a means not an end.
When I tell people that I’m a financial adviser, one of the first questions they tend to ask is; ‘what super fund should I be in?’. My non-answer to this question is usually; there are many other far more important things to worry about.
Dallas Davison, Michael Hogue and Ali Hogue.