The key to retiring with a better quality of life

Do you know people in your circle of friends who need to support their parents in their old age? If you do, then you’ll know that it’s no picnic for those who need to watch every dollar they spend because the age pension just isn’t enough. Knowing what life could be like if you yourself only had the age pension to support you in your golden years, I bet that you would want to avoid that and you may ask … Read More

Protect your lifestyle while you make your money

You are hard at work making money, building your career or your business, and you’re building a lifestyle for your growing family. The kids love to have the latest gadgets… and if you don’t have children you are probably spoiling yourself with items you always wanted to have, and I’m talking big kids’ toys like boats and red fast cars here. This is all good, until such time as life takes a turn and throws you a curved ball from … Read More

5 Simple Steps to Take Control of Your Money

The key to your financial future When people tell me “If I just had more money, all my problems would go away,” I respond by saying “The truth is, more money will never be enough until you learn how to manage what you already have.” This may sound heretic in a world that’s ruled by money, and it may sound contradictory to many people’s beliefs about the power of money. Yet, by learning how to manage your money sensibly and putting a financial plan in place that will … Read More

How to secure your financial future without winning lotto

Every week many of us sink our hard earned cash into lotto tickets, dreaming of winning big, getting out of the rat race, living the high life and not having to worry about anything anymore. When the winning numbers are finally drawn on the day, it’s always the others who win. Sound familiar? So why do so many people keep doing it again and again, keeping that dream alive, that never comes true for the majority of lotto players? I … Read More

Get Ready for 7 Serious Life Transitions Ahead

Most baby boomers will face seven key events in their last stage of life that will color their finances and investments. Prepare for these events by thinking about them now. It can be dangerous to generalize about the baby boomer generation, but there are seven key events that nearly everyone will face as they move through the last third of their lives. Unlike earlier, happier events such as getting married, having children, and moving up the career ladder, some of … Read More

The Art of Managing Retirement Assumptions

A retirement plan is built on a set of assumptions that can’t be validated until it’s too late. One key to successful retirement planning is carefully setting assumptions and revising them often. Retirement calculators make it so easy. Pick a retirement date. Estimate your living expenses in retirement and choose an inflation rate. Figure out a rate of return for your investments. Guess how long you think you’ll live. Put these assumptions into the calculator, and it will tell you … Read More

Using Life- and Health-Expectancy Scenarios in Financial Planning

Scenario planning shouldn’t stop at retirement. It’s unpleasant, but necessary to imagine what your situation might look like after the death or incapacitation of a partner. An early dose of reality can help you build a financial foundation in case you survive your spouse. Two weeks ago, my neighbour died unexpectedly at the age of 76. Three weeks after beginning to feel sick, he was dead of lymphoma. Judging by his widow’s reaction, I am pretty sure they never contemplated … Read More

Life: Get it right with Estate Planning

When we’re 18 years old most of us generally think we are bullet proof and take risks which we might look back on in later years as being completely irresponsible. Every age group has distinctive “psychological markers” that are all part of the process of growing up or becoming older and wiser in life. The 20s can be a time of exhilaration and freedom when you step out into life and are forging your path. The 30s may be focused … Read More

Top 5 Goals for Estate Planning

Setting goals and writing them down to aim for what you want to achieve financially in your lifetime is a proven strategy. If you have family, then your goals will probably include and consider your loved ones. With Estate Planning, you can even do more than that. You can make sure that the goals you and your family have been striving for will also be supported in the event of an unexpected death of the head or breadwinner of the family. Every year during the holiday season in Australia … Read More

What would happen, IF…? Question Time about Estate Planning and Will Scenarios

Just like every individual’s asset situation is different, every family’s situation is equally different, especially when there are children, grandchildren and descendants of second marriages involved. Sometimes a person wants to make sure the “black sheep of the family” don’t get their hands on their legacy. Without knowing how to properly set up your asset structure by undertaking a proper Estate Planning process, chances are you might get caught out.  Check out the following questions and scenarios to see, if … Read More

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