Practical Solutions for

Good Financial Planning

What the Objectives are

•The journey from A to B

•Establishing what and when B is

•Taking alternative routes

•Making sure everything’s working correctly

Understanding of why things happen 

•Cycles of the economy 

•Boom and bust 

•Why things happen

Concerns people have 

•Hill of life 

Concerns people have 

•Hill of life 

•The unexpected is a certainty 

Concerns people have 

•Hill of life 

•The unexpected is a certainty 

•Life changes

Early Accumulation (20’s and 30’s)

•You may continue your education

•You start working at your first full time job

•Your career is just getting under way

•You might set down roots, get married and even start a family

Mid accumulation (40’s and 50’s)

•Halfway to retirement and need to assess your success

•You continue to reach your peak in career and earning income

•Focus shifts from wealth accumulation to wealth management

Pre-retirement (50’s and 60’s)

•Retirement becomes more realistic

•Financial goals change dramatically

•More likely to become more conservative and cautious when investing

•You start shifting from thinking growth and accumulation to creating income from your investments

At retirement (65 +)

•That magic date has come

•You have prepared to replace your earned income with ‘retirement’ income

•You re-assess your lifestyle and determine what you want to do with your time

•You’ve worked hard to get here so you want to make the best of it

Post retirement (70’s and beyond)

•You’ll want to ensure that the capital you’ve accumulated lasts

•Making provision for your beneficiaries becomes important

•Your ‘house’ is in order

Practical solutions to work to 

•Assessing and understanding where you are now 

•Planning and taking action 

•Review and monitoring

The five steps of financial planning

•Arrange life, critical and illness protection

•Build a rainy day fund

•Pay off debt

•Set up medium/long term financial plans

•Review the position and re-plan regularly