The total amount required to fund your retirement depends on a number of factors. These are: Annual dollar amount needed to cover desired living expenses; Make-up of your portfolio of investments and the long-term returns on that portfolio; Life expectancy; and Inflation rate (the amount drawn should keep pace with inflation). The following table takes all of […]
Following a plan will help you improve your financial situation. The process is as follows: Identify Goals Setting goals is a vital step in the process of financial well-being. After all, how can you get somewhere if you don’t know where you want to be? You should identify your short, medium and long-term goals. Assuming that […]
Planning your financial welfare? There is a wealth of free information available in every country. Most governments are interested in ensuring that their citizens are well advised in financial matters. Here are some links where free information is available as a start of your journey towards financial welfare: Australia Moneysmart website is operated […]