Strategic Advice

A strategy can be described as a process where an end goal is achieved with the available resources. The important aspect of a strategy is the available resources as these are often limited.

In financial terms, there are all sorts of strategies to help you in achieving your specific objectives. Household budgets, savings for big purchases, education expenses, building wealth, having sufficient funds for retirement are all examples of financial goals.

Another important aspect of strategic advice is once savings such as superannuation has been accumulating, what is the best way to invest these funds?

A big and important part of Galanis Financial Group’s offering is providing a road map for clients as they start looking to prepare for retirement.

Through our projection tables which looks at various scenarios, Chris Galanis can help show you if you have sufficient funds for retirement. If you don’t, what level of funds such as superannuation will you require to have the retirement you want?

These are the sort of questions that Chris will help answer and then look at ways to get you to your ideal retirement.

In retirement, there is the continued management of your wealth. How are your finances placed to ensure they are working to give you the income you want? Is the growth in your superannuation covering your annual income. Is it a comfortable level where you can draw down additional funds for big holidays without having to think if you should be spending these funds?

Chris will guide you throughout your retirement so that your funds are invested in a manner that suits you and your situation.

Prior to retirement, what other goals are you needing to meet? Education expenses is another big expense that people need to manage prior to setting themselves for retirement. It is important to manage this expenditure as it can delay people’s retirement.

Whilst some people can pay these expenses in a regular manner from their existing cash flows, others need to tap other resources to help cover education fees. Refinancing the home to tap into the equity has been one strategy. This however has pushed out paying off the mortgage which can have a follow-on effect in building for retirement.

In discussing these goals with Chris, we can consider various methods of meeting these expenses. In doing so, we will also map out all scenarios so that the method decided on doesn’t have a big impact later for your retirement.

Deciding on a strategy can almost be an art form. Planning on a big expenditure without impacting your retirement is important to consider. Planning for your retirement with the ability to have funds for spending without making you think about it is just as important. Chris Galanis will help you map out these goals to show where you are and what you need to get there.