Traditionally, the average life-stage began with finishing school in your teens, starting your first job in your 20’s, buying a house, getting married and having children throughout your late 20’s and 30’s, and enjoying a long career until we retire at 65. But times have changed.
During recent years, there has been a shift in social patterns. New trends have resulted in children staying at home longer and delaying marriage, career changes have become more common, and some people may never buy a residential property in favour of investing through global property trusts or managed funds.
Today, life-stages are more likely to be related to the challenges we face throughout our lives or when we achieve key milestones, which can happen at different times. Our financial strategies should reflect what’s going on in our lives, rather than your physical age. This is the essence of life-stage financial planning.
ASA Financial Advisers works with you to address the fluidity of life’s challenges and milestones to determine your specific financial needs.