A practical retirement plan entails much more than a superannuation account or two and this article will take you through several important retirement planning considerations that go above and beyond accumulating superannuation.
Goals are the things that are important to us and what we strive for. When discussing goals in the context of finance, many people may wonder why do I need to worry about goals, isn’t making money the goal? This was the goal of traditional financial planning but for a variety of reasons this has been superseded by the concept of Goals Based Financial Planning. Goals may be thought of as the things that we strive to achieve in our working or personal lives. Sounds easy but identifying our goals may sometimes be not so straightforward, especially long-term goals, and the answer tends to change over time.
As a seasoned financial adviser, I have had the privilege of assisting numerous individuals in various property transactions throughout the years. While I wish I could pinpoint the ultimate retirement destination for each of you, the truth is that there’s no one-size-fits-all answer. In this article, I aim to provide you with valuable insights into the considerations and questions you should be pondering as you contemplate your retirement relocation. Drawing from shared experiences and lessons learned, we’ll explore the crucial factors that can help you make an informed decision.
Inflation, the persistent rise in prices of goods and services over time, can erode the purchasing power of money and negatively impact financial well-being. As inflation rates sit above cash rates, consumers and investors need to be proactive in protecting their finances and finding ways to outpace inflation. In this article, we’ll explore practical and effective strategies to help you manage your expenses.
The FIRE method, which stands for “Financial Independence, Retire Early”, is a personal finance and lifestyle movement that aims to achieve financial independence and retire at a relatively young age, often well before the traditional retirement age of 60-65. The goal of FIRE is to have enough savings and investments to support one’s desired lifestyle without the need for traditional employment.
As a financial adviser, I’m here to help you understand what a retirement plan is and why it’s important. Think of it as a roadmap for your future, ensuring that you have enough money to enjoy your golden years. A properly planned out retirement plan should help you answer how much money do I need to retire so let’s dive in and explore what a retirement plan looks like.
