Advice for every stage in life
No two financial plans are the same, especially taking into account different stages of life.
A person in their 30s will need very different advice from a person in their 60s.
Young to mid-life
You are establishing and building your career and perhaps starting a family.
You may be looking at:
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getting married
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first home
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having children
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income protection
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debt management
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family healthcare
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business planning.
Mid-life
This is your consolidation stage – achieving a comfortable lifestyle and thinking about managing your long-term future.
You’re likely to focus on:
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protection of lifestyle
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healthcare
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investments
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tax management
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inheritance
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retirement planning
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long-term care planning.
Pre-retirement
With 20 or more years of retirement ahead of you, your priorities will depend on how well you’ve prepared.
Your main concerns may be:
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protection of assets
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debt elimination
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family healthcare
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helping your children
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retirement planning
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wills and trusts
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business exit strategy.
Retirement
This is the time to indulge in hobbies or travel, enjoy your family and prepare for transferring your wealth.
You may be thinking of:
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protection of assets
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healthcare
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aged care planning
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inheritance tax mitigation
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gifting to family
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preserving your capital
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estate planning.