The purpose of personal financial planning
The “big picture”: Matching your lifetime financial assets and liabilities Most people don’t really grasp what we regard as the primary purpose of personal financial planning. As a result, they…
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At last, a “good news” financial planning story
Our clients respond to an online “Client experience” survey In late February-early March 2017, a representative group of our clients was asked to participate in a confidential on-line “Client Experience”…
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The trade-offs for financial independence
There are three levers of financial independence To increase the chances of achieving financial independence (i.e. having sufficient investment wealth to fund your desired lifestyle indefinitely, without the need to…
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How should I rebalance my growth portfolio?
The key decision is your defensive versus growth allocation It is a key element of our approach to investment risk management that you should select a target asset allocation that…
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The “retirement spending smile”
Retirement spending shown to decrease with age We have written a lot about the pattern of retirement spending, with “Will spending remain constant in retirement?”, from 2013, and “How much…
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Will share returns remain low?
Share and cash investment returns are unexciting It feels like the Australian share market has been going up and down in about the same spot for the past six or…
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How much do I need to retire, revisited?
The “Rule of 25” sets a daunting target, for many When we talk to prospective clients who are at or close to retirement, one of their inevitable questions is “Have…
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Should parents assist adult children to buy their first home?
Our Prime Minister and RBA Governor suggest parental support is required In November 2014, we published a Blog article titled “How do you give financial help to your adult children?”.…
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The power of compounding and deferred gratification
“Compound interest is the eighth wonder of the world” The following quotation is often, most likely incorrectly, attributed to Albert Einstein: “Compound interest is the eighth wonder of the world.…
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Is superannuation’s wealth accumulation role in jeopardy
The 2016-17 Budget proposed major changes to superannuation We have previously discussed our “Personal Financial Dashboard” that graphically captures where a client is on the road to their version of…
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