“Retirement This is a topic that bamboozles many adults, with 13 per cent unsure of what their main sources of income would be in retirement, and another 30 per cent having no idea how much money they’d need to saved or invested to have a comfortable retirement.”
so we read from an online NZ Stuff article titled “Third of adults would fail school money course for teenagers”
and it continues with “About a third of adults would benefit from going back to school to do a new taxpayer-funded money management NCEA course designed for their children.
The Sorted for Schools NCEA course for children aged 14-17 was created by the Commission for Financial Capability (CFFC), but its research indicates many adults lack the money management, saving, debt, goal setting, insurance, investing, KiwiSaver and retirement skills it's designed to teach to secondary school children”.
The results in Australia are no different when 76% of retirees require some form of government support.
In 2020 this has been demonstrated with 2 million requesting funds for their super as they were not prepared for the inevitable “Rainy Day”.
Now is the time to take a 5 min financial check up & ‘Get Sorted’.
E.g. 1 Sydney rental yields at new low
Investors in Australia’s two largest residential property markets are getting the lowest rental yields in the country (Australian 3/1/2020)
it is a real fact or a real figure that even when a rental property is fully paid off the net return on average after 2% to 3% net expenses is a very average net 2%.
Yes you may achieve more net yield' in certain localities but generally that is due to much less anticipated 'growth'.
John Michael McAuliffe AFA, DipFp., BSc., DipTeach.
John is a Premier Wealth Coach & Financial Strategist. John McAuliffe Authorised Representative No.238629 of The Financial Link Group Pty Ltd
RISK and INVESTMENT ADVISORS AUSTRALIA PTY LTD.