Your Financial Life Timeline
Wealth Starter
Aged 20-30 years old
Characteristics
- Looking to purchase a home or investment property
- No dependents or starting a family
- Looking to grow net worth and start investing
- Few financial commitments
- Starting to earn good money
- A sense of financial independence
An adviser can help you with
- Early retirement planning
- Setting short and long term financial goals
- Spend and save more efficiently
- Create a solid investment plan
- Get your Super settings right for maximum benefit
Wealth Accumulator
Aged 30-40 years old
Characteristics
- Marriage, house purchase and mortgage
- Financial dependents and demands of a young family
- Resort to one income family
- Professional career development
- Building and growing net worth
An adviser can help you with
- Wealth protection strategies
- Investing to help pay for private schooling
- Early retirement planning
- Setting short and long term financial goals
- Tax effective investments
Wealth Builder
Aged 40-55 years old
Characteristics
- Peak earning years, often both partners are working
- Greater stability as financial pressure is easing
- Reduce mortgage debt
- Children become less dependent
- Discretionary spending on luxury goods, entertainment and holidays
An adviser can help you with
- Growing and building wealth
- Preparing for retirement or reducing work hours
- Tax effective investments
- Wealth protection
Wealth Establisher
Aged 55-65 years old
Characteristics
- Looking to retire or work less
- Independent children
- Travelling
- High level of home equity with small to nil levels of debt
- Discretionary money available is at its highest
- Consolidating wealth
An adviser can help you with
- Preparing and planning your retirement
- Tax effective investments
- Preserving capital in retirement
- Aligning your investment strategy to your retirement goals
- Supplementing and generating income
Wealth Conserver
Aged 65 years plus
Characteristics
- Transitioning into full time retirement
- Working part time or no longer working
- Looking to downsize to a smaller home
- A continuing active phase of life and travelling
- Looking to maintain a quality and comfortable lifestyle
An adviser can help you with
- Being comfortable in retirement and meeting your income needs
- Aligning your investment strategy to your retirement goals
- Obtaining and maximising social security entitlements (e.g Age Pension)
- Estate planning and wealth transfer
- Preserving capital in retirement
