What stage you are at?
Your financial goals, needs, and aspirations are primarily determined by what stage you are at in your life. Whether you are just starting out, at the peak, preparing to retire, or retired, we believe that planning is essential at every stage of your life.
The following are some of the most common aspects of each stage.
Starting Stage
You are beginning and building your career and perhaps starting a family.
You may be looking at:
- Buying your first home
- Having children
- Budgeting
- Paying off your student loan
- Travelling
- Getting married
- Starting a business
Accumulation Stage
At this stage, you want to achieve a comfortable lifestyle and start thinking about your long-term future.
You may would like to focus on:
- Health
- Home renovations
- Debt management
- Retirement planning
- Income protection
- Building your KiwiSaver
- Investments
- Tax planning
- Inheritance
- Long-term care planning
- Kids future education
- Budgeting
Pre-Retirement Stage
Your priorities at this stage will decide how well you are prepared for 20 or maybe more years of retirement.
Your main concerns may be:
- Getting rid of debt
- Helping your kids
- Budgeting
- Estate planning (Wills and Trusts)
- Family health
- Retirement planning
- Business exit strategy
Retirement Stage
This is the time to indulge in those hobbies that you never had time for or organise those long trips for which you have not yet done planning.
Enjoy your family time and plan for transferring your wealth.
You may be thinking of:
- Preserving your capital
- Protecting your assets
- Gifting to family
- Healthcare
- Protecting your assets
- Aged care planning
- Buying a caravan
- Estate planning
- Travelling
- Budgeting
