Tag: financial advice

Who seeks financial advice and why?

A recent report by ASIC (Australian Securities & Investments Commission) has shed some light on what consumers think of financial advice and of the advisors who deliver it. The report explored the use of financial advisors, and attitudes towards them. Results reveal that people who have already sought advice, or intend to, are more likely […]

Financial Fuel Economy

I was never a mechanically-minded kid. At the start of year 9 in school, all students were required to choose from a list of elective classes.  The options were woodwork, metalwork or typing.  Every other boy in my year 9 class chose woodwork or metalwork. I chose typing. This wasn’t due to any foresight about […]

How Much Should You Save for Retirement?

INTRODUCTION Most people ask themselves this question at some point in their working life (hopefully, relatively early). With the continued shift toward defined contribution plans, future retirees are being asked to take on more responsibility for their retirement outcomes than in the past. So the question is of vital importance. But do we have a […]