Retirement - the well deserved finishing line for most working people but also a time of massive re-adjustment.
The money stops coming in and financial advisors field a lot of calls. "Will I be ok, really?"
But don’t leave it until retirement, at which point there is only so much a financial advisor can do for you.
One of the most common questions I get is about retirement: “Will we be ok?”
Which is code for, “Will we have enough money?”
In simple terms it depends on so many personal circumstances. But the Australian Super Fund Association researches that a lot and here is their answer:
People love predictions. They distil the complex, messy world in which we live into simplistic soundbites. And provide a sense of reassurance.
If they chime with our own beliefs, then they become certainties.
People are scared of losses. It’s understandable.
“Humans are feeling machines that think.”
Risk, the potential for losses, is inherent in any investment.
Even cash at the bank is losing money at the moment because of inflation.
Investment returns are the reward for risk.
This website uses JavaScript to improve the user experience. The web browser you are use does not have JavaScript installed or is outdated. For the best browsing experience please open the website in a modern web browser with JavaScript installed, such as Google Chrome, Mozilla FireFox or Safari.