Just Starting Out
Perhaps you have just started a family, are about to buy your first house or have made an important step in your career. Whatever the reason, understanding your finances, cash flow and having a plan for the future has just become very important to you. The earlier you start planning for financial security, the better.
Building Your Wealth
Whether you are trying to get ahead in your mortgage or the kids are about to start school, it is important to feel on top of your finances and stop living day to day. Creating a clear direction and working towards motivating lifestyle goals such as paying your home loan down sooner or an early retirement will help you to create financial security and less stress in your life, as well as more options for you and your family.
With retirement around ten years away and an empty nest at home, you may start dreaming of retirement. How much income will I need? When can I afford to retire? Can I start working less now and transition out of the workforce? A range of financial planning strategies can assist you to protect the lifestyle you have now while bridging any gap between the size of the nest egg you have and the one you will need in your retirement, whenever that might be.
You may be newly enjoying your retirement freedom, or perhaps in a few years and need to take stock to review the longevity of your finances. Your priorities have changed from building wealth to being smart about how you use it. You need a plan to give you the lifestyle you want and to create a legacy that is important to you. Your income and capital preservation strategies may incorporate income generation, age pension, and estate planning amongst other approaches.