As with all stages in life, we experience change and growth. The way that we work with our money is different with each decade or each significant milestone. These changes impact our earning ability, budgeting behaviours and the way that we perceive and define value.

When we’re young, the value of a robust financial portfolio for our later years is less important as it feels so far off into the future. But with each passing period of time, we become increasingly aware of how much we still want to achieve, and how little time we may have left.

Many young people neglect to plan for retirement during their early working lives, thinking that they will take care of it later in life when they are earning a bigger salary. However, on the flip side of the coin, as people get older, they assume that they must rebalance their portfolios into more conservative investments. 

But as the goalposts for life and retirement move and adapt with the milieu, we are seeing an increasing number of people in their forties and fifties take positive action to reframe their financial perspectives and bolster their financial position.

We are helping our clients construct portfolios that have clear objectives that will meet the targeted returns for the next 15 to 30 years.

We ask questions that are both practical and personal: How much income do you need per month? How often will you want to buy a new car or fund travel? What are your retirement goals and aspirations?

Exploring these questions helps us establish an accurate framework to finance these goals and lifestyle choices. You need to be comfortable and knowledgeable about your financial future. You should know exactly how much money you can safely draw to enjoy your retirement without eroding your capital base.

One of the most important things to try and achieve is to be free of debt. You don’t want to be in the position where you have to settle a mortgage or other debt with investment capital.

Each new decade in life is a powerful opportunity to re-focus your sights on the pursuit of happiness. This is why our advice is focused on helping you thrive and live in the wealthspace.

If you need some help working out a retirement plan or would like to revise your current plan give me a call and we can work something out.