How much super should you have in your 40’s?
Welcome to the exciting world of superannuation planning! As you reach your forties, it’s natural to ponder how much superannuation you’ll need for a comfortable retirement. Don’t fret; we’re here to guide you through this financial adventure.
How much super should you have in your 30’s?
Although retirement may seem distant when you’re in your 30s, taking proactive steps and being aware of your super balance during this stage can have a profound impact on your future financial security. In this article, we will discuss the recommended superannuation balance for individuals in their 30s. However, it is essential to consider that each person’s situation may vary, and these figures should be viewed as a general guideline.
How much do you need to retire comfortably in Australia?
There are many rules of thumb orbiting the world wide web like 10 to 15 times your annual salary, but my experience suggests that the more work you put into thinking about what you would like your retirement to look like, the more accurate your target retirement capital will be.
How do retirement plans work?
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.
What does goals based financial planning REALLY mean?
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 This was the goal of traditional financial planning but for a variety of reasons this has been superseded by the concept of Goals Based Financial Planning.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.
Six factors to consider when choosing your retirement location
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.
How to ease the cost of living pressure with rising inflation
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.
What is the FIRE Method for Retirement?
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.
What does a retirement plan look like?
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.
What Are The Six Essential Steps You Need To Take Before You Retire?
As retirement beckons, careful planning and preparation become paramount to ensure a fulfilling and financially secure future. Retirement is not just a few weeks of leisure; it is a new chapter in life that can last for decades. Here we will explore essential steps to take before you retire, helping you build a clear vision of your post-retirement life and ensure that you have the financial means to enjoy it to the fullest and embrace retirement with confidence. Whether you aspire to travel the world, indulge in hobbies, or simply relish quality time with loved ones, taking these proactive measures will lay the foundation for a rewarding and worry-free retirement journey.
Profile travel series: Welcome to the chronicles of America
By Rachael Arnold, Senior Financial Adviser Over the years the United States seems to have taken a backseat to European travel amongst my clients, friends and family. I have to admit I have been favouring Europe over the years but when I had the chance to visit a...
Profile travel series: Some of the sights and sounds of Greece that I have experienced
By Spiros Christoforatos, Head of Client and Adviser Growth With Greece's widespread influence and the world becoming more accessible, an increasing number of people are drawn to its origins, captivating landscapes, ancient ruins, vibrant culture, and beautiful...
How long will $2 million last in retirement in Australia?
We don’t like sacrificing. And with retirement, we don’t want to sacrifice when it comes to the dreams of travel and a comfy life, but we also don’t want to lose out on today – by just saving for tomorrow.
The Four Biggest Retirement Planning Mistakes
Read about four of the biggest retirement planning mistakes we find when working with Australians planning for retirement.
Meet the team: Kurt Ohlsen
Here at Profile Financial Services, we take the time to get to know each and every one of our clients. So we think it’s only fair to let you know a little bit about each and every one of us! Over the coming weeks we will introduce each of our team members as a way of...
Meet the team: Lena Ridley
Here at Profile Financial Services, we take the time to get to know each and every one of our clients. So we think it's only fair to let you know a little bit about each and every one of us! Over the coming weeks we will introduce each of our team members as a way of...
Heart to Heart: saving the lives of thousands of children
Heart to Heart is a Shanghai based charity which is a 100% volunteer organisation. It provides corrective surgery for Chinese children from all over China with congenital heart disease (CHD) whose parents are unable to afford the surgery. To date H2H has sponsored...
What does the recent review of the Reserve Bank of Australia mean for you?
Findings, and recommendations of a historic independent review of the Reserve Bank of Australia (RBA) have been released. A comprehensive look under the hood of Australia’s central bank, as well as the bank’s own internal governance and processes.
Managing Director and Senior Financial Adviser, Phil Win hosts Q&A session: Managing cash flow as we transition to ‘normal’
Hear his insights from a macro and micro viewpoint on things to consider for either yourself, family or friends.
Medical Money Podcast – Income protection, trauma, TPD & Life insurance explained with Sacha Loutkovsky
Super informative sessions are relevant for everyone, especially medical and health professionals.
