Frequently Asked Questions
What is the best way to start with financial advice for retirement planning?
The best way to start with financial advice for retirement planning is to assess your current financial situation, including income, expenses, and savings. Consider consulting with a professional advisor at Massey Financial Advice to create a personalised retirement plan that aligns with your goals and lifestyle. They can help you understand investment options, tax implications, and strategies to maximise your savings. The first step is to book an initial call.
How can I ensure the financial advice I receive is trustworthy?
To ensure the financial advice you receive is trustworthy, look for advisors who are registered with ASIC and shown on the Financial Advisers Register and have a good reputation. Massey Financial Advice offers transparent services with no hidden fees, and our advisors are committed to providing unbiased advice tailored to your needs. Checking reviews and testimonials can also help you gauge the reliability of the advice. Adam Massey is also a Certified Financial Planner® with the FAAA, the highest globally recognised designation for financial advisers.
What are the typical fees associated with financial advice?
The fees for financial advice can vary depending on the services provided and strategies recommended. At Massey Financial Advice, we offer a clear fee structure with options for hourly rates, flat fees, or percentage-based fees on assets managed. It’s important to discuss and understand the fee arrangement upfront to ensure it fits within your budget. You will always be informed of, and agree to, any fee before you are required to pay. We offer an initial phone call at no cost to explore the option of working together and explain the process.
How can financial advice help me maintain my current lifestyle in retirement?
Financial advice can help you maintain your current lifestyle in retirement by creating a comprehensive plan that considers your income sources, expenses, and potential risks. Massey Financial Advice can assist in developing strategies to optimise your investments, manage debts, and ensure a steady income stream throughout your retirement years.
Is it worth paying for financial advice if I’m already saving for retirement?
Paying for financial advice can be worthwhile even if you’re already saving for retirement. A professional advisor from Massey Financial Advice can provide insights into optimising your savings, identifying tax-efficient strategies, and adjusting your plan as your circumstances or legislation change. This can help you achieve your retirement goals more effectively and with greater confidence.
What is the best financial advice for someone 10 years from retirement?
For those approaching retirement, it’s crucial to focus on maximising your superannuation contributions, reducing debt, and diversifying your investment portfolio. Massey Financial Advice can help tailor a plan that aligns with your retirement goals, ensuring a comfortable and secure future.
How can Massey Financial Advice help me plan for retirement?
Massey Financial Advice offers personalised retirement planning services that consider your current financial situation, future goals, and risk tolerance. Our experts will guide you through optimising your superannuation, investment strategies, and estate planning to ensure a smooth transition into retirement.
What are the benefits of consulting a financial advisor for retirement planning?
Consulting a financial advisor like Massey Financial Advice provides you with expert insights, tailored strategies, and peace of mind. Advisors help you navigate complex financial decisions, optimise your savings, and ensure your retirement plan is on track to meet your lifestyle needs.
How can I ensure my family is financially secure in retirement?
To ensure your family’s financial security in retirement, focus on building a diversified investment portfolio, maintaining adequate insurance coverage, and having a comprehensive estate plan. Massey Financial Advice can assist in creating a robust financial strategy that protects your family’s future.
What should homeowners consider when planning for retirement?
Homeowners should consider the role of their property in their retirement plan, such as downsizing or leveraging home equity. It’s also important to assess mortgage status and potential rental income. Massey Financial Advice can provide guidance on how to best utilise your home as part of your retirement strategy.
Are meetings held in person or online?
In the initial stages, we like to meet in person where possible as it can be easier to get a clear understanding and be confident you are dealing with a real person. We are able toconduct online meetings or phone calls as we do with clients as far afield as Sydney, Mackay and Canberra.