Planning a Future

Love Piggy Bank

Being Valentine’s Day, many ponder their future with loved ones and imagine life growing old together. On this special day, most people focus on flowers, champagne, and chocolates, but how many people consider their financial future together?

We all envision what we want our future to look like, whether it be travel, helping family, living a comfortable life once we retire; everyone’s True Wealth is different. However, with the stress of everyday life, it can be easy to let time go by without discussing how you plan to achieve your goals together.

Some important considerations when discussing your journey to True Wealth are:

  • What are our goals and what is most important?
  • Do we have surplus funds that could be working for us?
  • What do we do with our debt?
  • How much capital will we require to have the choice to work or not ?
  • What do we need to do to achieve our goals?

Seeking specialist financial planning advice will help you answer these questions and take you on the journey of planning your future to ensure you have the highest chance of achieving your most important goals. 

A recent Australian National University (ANU) survey found almost 6-in-10 (55.7%) Australians who aren’t yet retired are worried they won’t have enough savings to live comfortably when they stop working1.

Looking at these figures it is never too early to seek advice and put strategies in place, set goals and start your financial journey. If you would like to take steps towards planning your financial future speak with our financial advisers about how we can add value to your journey.

For those of you who already have a financial plan in place, Valentine’s Day could be a good time to revisit your goals and discuss what your priorities are (as well as flowers, chocolates, and a dinner date).

1 https://www.anu.edu.au/news/all-news/most-aussies-say-things-look-dire-for-when-they-retire#:~:text=According%20to%20the%20findings%2C%2038,of%20people%20said%20the%20same.

Caitlyn Kent (DipFP, BCom(Acc)) Associate Adviser of Alman Partners Pty Ltd.

Note: This material is provided for information only. No account has been taken of the objectives, financial situation or needs of any particular person or entity. Accordingly, to the extent that this material may constitute general financial product advice, investors should, before acting on the advice, consider the appropriateness of the advice, having regard to the investor’s objectives, financial situation and needs. This is not an offer or recommendation to buy or sell securities or other financial products, nor a solicitation for deposits or other business, whether directly or indirectly.

 

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