Staying (Financially) well as the years go by Our financial priorities tend to change as we move through life The good news from AMP’s 2018 Financial Wellness Indexi is that only 7% of Australian retirees aged 65 or over report being stressed about money. So if you’re feeling the pinch earlier in life there is light at the end of the tunnel. Let’s take a closer look at how your financial wellness is likely to change …
7 steps to wealth and living well 1. Time is critically important When it comes to superannuation and savings it’s very important to remember that time waits for no one. So I’ll always encourage my clients to start saving right away, even if it’s just a modest amount. Compound interest is your best friend when it comes to saving but it needs time to work. Although starting to save early is the ideal, it’s never …
Living longer, living well A century ago few Australians lived long enough to enjoy a life after work.i These days, the average retiree can look forward to almost two decades of travelling, playing with the grandkids and generally enjoying life. In fact, a baby born today can expect to live to 91 if it is a boy and 93 if it is a girl. According to the latest government figures, the number of Australians aged …
