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Future Financial Services Blog

by Alex McKenzie

Financial planning advice to guide you through your life stages. Financial advice for when you are looking to buy your first home, start a family or looking to retire. This blog aims to show the relevance of Superannuation, insurance and investment for everyday families.


Appropriate Investing

Life stage appropriate investing

The stage of life you are in will greatly affect you choosing the most appropriate investment for your needs. In many ways, matching the investment with your current life situation is the most important factor in deciding how you should invest.

When we are young, starting out in the workforce and yet to accumulate responsibilities, any investment that commits us to regular savings is not only going to get us on the front foot, but likely to form good, lifelong habits. At this stage of life, we encourage clients to pick one medium goal and one long-term goal and commit funds to achieve them. The medium-term goal is usually something like a car or an overseas holiday. We then have the client set up a separate account and consistently save into this account. For most clients, being rewarded by that goal establishes a lifelong habit of saving for things that are important to them.

Written by: Alex McKenzie Categories: Future Financial Services Blog


Throwing away money

We’re throwing away money

I’ve written about this previously, but I never cease to be amazed at how lackadaisical many people are about their financial products despite it costing them money. Most clients rarely review their superannuation, insurance and mortgages.

In the last 5 years or so, the cost of superannuation products has decreased substantially, especially for more sophisticated options such as platforms. Maintaining an old policy could really increase costs with little or no benefit. It is also possible that the policy you have has features you are paying for that you don’t require.  The reverse is also true; the policy may lack features that could be used to your benefit.

Written by: Alex McKenzie Categories: Future Financial Services Blog

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