Considering retirement and starting to plan the rest of your life, there are some important decisions you need to make. When you see a financial adviser, you might be surprised to find they’re not always financial. These are some questions you might need to consider to prepare for retirement.
Shane Oliver, Head of Investment Strategy and Chief Economist at AMP has written an article that looks at five great charts on investing. The key points are as follows:
- At its core, successful investing is simple, but we have a knack of making it look complex.
- These five great charts help illuminate key aspects of investing: the power of compound interest; the investment cycle; the roller coaster of investor emotion; the wall of worry; and time is on your side when investing.
When —and how —should I retire? The answer to this question is never simple. We approach retirement armed with a lifetime of experience but at the same time we have no idea what to expect. Making the transition with confidence requires careful attention to many interconnected issues.
Achieving any goal in life usually involves starting with a plan. Investing is no different. One of the most important things to understand before you embark on an investment plan is the relationship between risk and return.
Life in your 50’s is great. You don’t have a huge mortgage, the kids have grown up and are not as dependant on you, your career has progressed… So what is next financially?When you are in your 50’s you can see retirement on the horizon. Sure it might be 10-20 years off, but it is becoming more tangible. So if you haven’t already, you need to start some serious planning.
A sudden financial windfall can be a life altering event.
You may come to a sudden financial windfall through a lottery winning, divorce, by an inheritance or even as a gift. Whatever the reason and as good as it sounds, it comes with its share of problems and won’t always be easy to manage.