Show Notes
UPDATED: This episode was originally published with the wrong episode audio; it has been republished with the correct audio. Thanks for your patience!
You've spent decades working hard, saving and investing to build your wealth. But have you given as much thought to what you actually want to do with it?
For many Australians approaching retirement, the focus is on having enough money to live comfortably for the rest of their lives. But what happens when you've built more wealth than you're ever likely to need? Could you be missing opportunities to make a meaningful difference to your family, reduce future tax burdens or enjoy seeing your money put to good use?
In this episode, Paul Benson explores why building wealth is only part of the financial planning journey, and the important decisions that come next. From helping your children when they need it most to protecting what you've built for future generations, he looks at how thoughtful planning could help you make more of the wealth you've worked so hard to accumulate.
Inside this episode:
The important financial planning question that changes once you've accumulated enough wealth
How to work out whether you can afford to help your family without compromising your own retirement
Why the timing of passing on wealth could make a bigger difference than you realise
The tax considerations that could affect how much of your wealth ultimately reaches your loved ones
Why your existing Will might no longer provide the protection your family needs
How your wealth could make a meaningful difference during your lifetime and beyond
THINKING ABOUT RETIREMENT?
You've worked hard to build your wealth. Now it's time to make sure you have a plan for what comes next.
At Guidance Financial Services, we help Australians approaching retirement understand how much they'll need, what they can comfortably afford to spend and how to make informed decisions about the wealth they've built.
Explore our retirement planning services.
Visit our website here https://www.guidancefs.com.au/ and you can also find all our links here.
General advice disclaimer
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