When it comes to managing your finances, the questions can be endless. Here are the most common questions we get asked:
– When can I retire?
– How long will my money last?
– What are the best investment options for me?
– What can I do now to make a difference?
Whether you are 25 or 65, our Wealth Projections Tool brings clarity, enabling you to visualize your financials with precision, allowing you to accurately plan for your future.
We have the most powerful way to start finding the answers to these pressing questions – our Wealth Projections Tool. We input your current financial situation and project your future income, assets and expenditure.
“Many people are often overwhelmed and confused when starting their financial journey. The projections tool is a great starting point.”
– Michelle Griffiths, Partner, TAG Financial Services
In the below example, the projection shows that this couple’s money will run out at the age of 79. This is not ideal. We then can look at different ‘what if’ scenarios to see how this impacts how long your money will last.
For example:
– What if I can reduce my expenditure by 15%
– What if I also retire at age 65 instead of 62
Clients have told us that this process is enlightening as they can easily see whether they are on track to obtain their financial goals, the options to get them there and if they need any help to make it happen.
What if I can reduce my expenditure by 15%?
In the below example (blue line), you can see that by the couple reducing their regular lifestyle expenditure by 15%, it means they can potentially pay off their home loan earlier, and the couple’s money would extend well into the 90s.
What if I retire at age 65 instead of 62?
In the below example (green line), you can see by working by even just 3 years more it is hugely beneficial towards your financial future.
Any questions?
If you have questions or need any assistance, please do not hesitate to contact us on 9886 0800 or via email.
Become Money Smart
Build your financial knowledge and join our online community where you will receive TAG updates and invites to our Information Sessions.
Meet with us
If you would like to discuss the future of your business further, contact us to arrange a time.
Disclaimer: The information contained is general in nature. Professional advice should be sought before acting on any aspect on this page. Financial planning services provided by TAG Financial Advisors Pty Ltd (ABN 77 154 205 017 AFSL 415632), a wholly owned subsidiary of TAG Financial Services Pty Ltd (ABN 67 075 374 686). Copyright 2024. Please do not reproduce without the expressed written consent of the author.