Facing Changes
Whether you're single or married, with or without kids, have a mortgage or not, it's quite common at this stage of life to feel pressure on your finances as you build on your objective to have a comfortable standard of living that goes beyond just financial security. You may also want to have some of the added benefits of life such as memberships in clubs, luxury vacations, a second home and perhaps even time from work to pursue other interest.
The choices you make and the habits you develop in the facing changes stage may impact how much financial freedom you have leading into your retirement years.
Your major focus at this stage should be wealth accumulation.
| The challenges you may be facing at this stage: |
- Managing costs of living
- Stabilising career path or business
- Funding increased consumption or improved lifestyle
- Changes to family structure, e.g. blended families, separation
- Continued support of dependants (e.g. education etc)
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| A Consultum Adviser can help you with strategies to better organise your finances: |
- Accelerated wealth accumulation and investment including gearing and tax effective strategies
- Superannuation strategies, such as salary sacrifice etc
- Insurance review in accordance with income and obligations
- Estate planning considerations
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