Your biggest questions answered by a financial adviser: with Paul Benson
Your biggest questions answered by a financial adviser: with Paul Benson
We asked our community what they really wanted to know from a financial planner, ranked the most popular questions, and brought them to adviser Paul Benson to get all the answers!
This week's podcast is a must-listen! In this episode, I bring you answers to YOUR most frequently asked financial advice questions - from an adviser.
We reached out to The Epic Retirement Club Facebook Group to find out what questions you most wanted answered by a financial planner. After ranking the questions by popularity, we sat down with Certified Financial Planner Paul Benson from Guidance Financial Services to get his expert insights. Don't miss it!
LISTEN TO THIS EPISODE OF THE PODCAST HERE:
We discuss six massive questions and a whole lot of spinoff questions that flowed from each too!
What is considered a reasonable annual fee to see a reputable financial advisor? Can we see an adviser one-off or does it have to be an ongoing relationship? And, if I’m going to need an ongoing relationship, what should I expect from that each year?
Should I pay off my mortgage quicker or put that extra money into super instead? What are the factors that go into making that decision? What’s the risk of paying down your home versus putting the money in super?
How much do I need to retire early - and what are the financial pros and cons? How do you go about working out how much money you need? Are you sure you really want to retire early? What are our choices and when do they kick in?
How do you give your clients the confidence to front end load their spending on experiences, whilst they are still healthy and active, when there is a natural fear of running out of money in the long term? How can you use lifetime annuities to provide more certainty?
What are the pros and cons of leaving your super invested in its current balanced/growth option instead of getting financial advice on how to "invest" it? How will a financial adviser work through the process of reviewing your fund and considering staying with it or shifting to other options?
How do you plan for costs associated with ageing when you have no idea what they will be? How do you make projections for the future? What role can a debt-free home play in funding your ageing?
Just a quick reminder: The information discussed in this podcast is general in nature and not intended as specific or personal financial advice. I am not a financial adviser and I recommend consulting with a qualified financial advisor to discuss your individual circumstances.
From Bec’s Desk
Wasn’t last week’s episode with Dr Dan Blackmore a ripper?
If you missed it - have a listen. It’s called “New study reveals one specific type of exercise that can reduce dementia risk, improve cognitive power”. I loved digging around in the scientific lessons that could really change our reasons to exercise in years to come. I’ve even tried out getting to 85-90% on the walker at the gym - on an incline this week to see what it felt like too! Anyone else tried it?
If you know of any scientists, authors, or experts we should be speaking to, please point me in the right direction. I’m always on the lookout for amazing people worthy of your attention. You can always email me at bec@primetimers.net—I love hearing from you!
If you haven’t joined yet, I have to point out that the Epic Retirement Club is growing like a weed - and in all honesty, its actually full of Primetimers learning about retirement before they get there—and having a ball learning from each other. When we called out for questions for this podcast, we got more than 100 different questions and thousands of people upvoting their favourites - such is the passion for topics on financial advice in the community. Not joined yet? Pop on over and say hi! We’re almost at 60,000 members! 😳
My weeks just keep disappearing in the joy of educating people. This week we’ve closed our public early bird offer for the upcoming six week How to Have an Epic Retirement Flagship Course. I don’t really want our active readers and community members paying full price though because it makes such a big difference to peoples’ confidence — so I’ve set up a 20% off coupon for you: PRIMESPRING. If you didn’t get in by the deadline, you can still get in; it just won’t be quite as cheap (but almost!). Click here to book your spot. So many people have already registered. And, I’ve signed and posted hundreds of books this week—but there’s still time to get yours out to you.
As you hopefully saw last week, I’m currently writing my next book, Prime Time. It’s a new guidebook for modern midlife and the years leading up to full retirement. As I write all the lessons and how-tos, I’m eager to share some amazing real-life stories from people who have budgeted, planned, and started living a more purpose-filled or lifestyle-filled life before fully retiring. I know many of you are already doing this in various ways, and I want to feature your stories in the book. I’d love to interview you and capture the best parts. So, can I ask you to pitch me your Prime Time story for inclusion in the book? I’ve included a form here you can pitch to me on.
And finally, thanks for more awesome reviews this week on Apple Podcasts! We’re absolutely thrilled to read the feedback and feel your warmth. Please, keep on leaving nice reviews. And if you haven’t seen them, have a read of these doozies - all July gifts from wonderful listeners! ☺️ Thanks again!
Don’t forget you can now buy your copy of How to Have an Epic Retirement in Big W online and instore in all their stores nationwide, because it’s been BACKLISTED! It's exciting to be put on the backlist. Normally a book, after its first six to twelve months fades out of bookstores as new books take over. A backlist is a list of books that stores want to hold in stock at all times.
Anyway - enough of this. Go listen to the podcast!
Have a great tail end of the week, and until next week ‘Make your Prime Time count!’
Many thanks! Bec Wilson
Author, podcaster, guest speaker, retirement educator … Visit my website for more info about me, here.