Wealth Planning Across the Ages
For previous generations of Australians, retirement usually meant ceasing work and hoping to live long enough to qualify for the age pension.
Financial Planning for Generations
For previous generations of Australians, retirement usually meant ceasing work and hoping to live long enough to qualify for the age pension.
In the midst of the current market volatility we are experiencing, legendary investor Charlie Munger from Berkshire Hathaway sums it up best, “The big money isn’t in the buying and selling, but in the waiting.”
Easy steps to plan and manage how you spend your money. Having a budget helps you to feel in control of your money. You can put aside money for big bills when they arrive, and plan savings to achieve your money goals.
Exchange traded funds (ETFs) are a low-cost way to earn a return similar to an index or a commodity. They can also help to diversify your investments and you can buy and sell units in ETFs through a stockbroker, the ame way you buy and sell shares.
Not so long ago one of the most effective, low-risk wealth creation strategies was to use spare savings to pay down a mortgage, either directly or via the well-disciplined use of an offset account. If your mortgage interest rate was 8% per annum, that’s the effective, after tax investment return this strategy delivered, substantially reducing the term of the loan and delivering big savings on interest.