Posted in Retirement

5 ways to know if you're at retirement age. What age can I retire? We are often asked this question at FinancePath. And, the answer is simple you can retire at any age you like. The real question is: are you ready to retire? But before we delve into what financial considerations you must make when preparing for retirement, you should first ensure you're mentally prepared to give up work. After all, it's no secret that our purpose in life is often entwined with our occup...

Top 4 questions to ask yourself when writing a will. We get it, making a will can be a confronting process, which is probably why seven out of 10 people who come through our doors don't have one. But, quite simply, the implications of not having a will can be detrimental to the future of your personal finance that you've worked so hard to build and your beneficiaries. Firstly, a will is a legal document which sets out who receives your property and possessions when ...

Are you ready to spend the kids inheritance? Don't worry, you're not the only parents having this conversation. And there are a few good reasons for having it. For example, 40 per cent of 20-24 year olds still live at home, according to the recent ABS Census. These so-called 'failure to launch' children are fast becoming "normal", according to researchers. Then there's the 'boomerang children', who return after leaving for a short stint overse...

Have you ever wondered why you manage money the way you do? Do you like to view your growing bank balance on your mobile app? Perhaps you are a compulsive shopaholic showing little attention to how you will survive in the future? You may think that your money behaviour comes from your parents, but research is proving our habits aren't just based on our money lessons learnt as kids. Experts are revealing that brain chemistry plays a big role in your finance habits. The J...