Are your financial choices keeping you awake at night?
7 Oct 2016
There are plenty of choices to make when trying to secure your financial future.
Once I pay off the mortgage should I put more money into super… but what about renovations? When can I stop work? Should I send my kids to a private school?
We all know that the financial choices we make today affect our longer term financial outcomes. This probably explains why financial choices can be so stressful. Yet for most of us, it’s hard to commit the time to learn the ins and outs of personal finance. Fortunately, there is an easier way to make smart financial choices without having to become a personal finance expert – talking to a Bridges financial planner.
A Bridges financial planner can give you comfort and peace of mind around the choices you make. They may even help you avoid an expensive financial mistake - one you don’t even know you’re making! This can improve not only your financial outcome, but your wellbeing too.
Financial benefits of financial advice
Did you know people with a financial planner save an additional $1,590 each year compared to similar people without a planner? For a 30 year old, this would lead to an incredible $91,000 extra in accumulated savings by the time they reach 65 thanks to the power of compounding interest1.
Financial advice and overall wellbeing
Ultimately, while money is important, life is about the pursuit of happiness – whatever that means to you. Recent research looked at financial advice from this perspective, surveying over 500 people about the intangible, emotional benefits of receiving ongoing financial advice2.
The research revealed people who receive ongoing financial planning advice experience:
- 13 per cent greater levels of overall personal happiness
- 21 per cent overall increase in peace of mind
- 19 per cent reduction in the likelihood of arguing with loved ones
While those that don’t receive financial advice were:
- 22 per cent more likely to have their sleep disrupted due to money concerns
- 15 per cent more likely to feel stress and anxiety
Take the next step
To discuss the complex financial choices you’re facing, make an appointment with a Bridges financial planner.
We have an established alliance with Bridges, to provide our customers with financial advice. Bridges has been helping Australians prepare for their retirement for 30 years.
A Bridges financial planner will develop a plan specifically for you; one that’s tailored to your needs and circumstances, to help you achieve your goals, both in the lead up to retirement and during retirement.
To make an appointment with a Bridges financial planner, call Credit Union SA on (08) 8202 7777. The initial consultation is complimentary and obligation free.
Bridges and Credit Union SA are also running two free, pre-retirement seminars on the 20 and 27 October, find out more.
1Value Proposition of Financial Advisory Networks – 2011
2 The true value of advice - IOOF White Paper - December 2015
Bridges Financial Services Pty Ltd (Bridges). ABN 60 003 474 977. ASX Participant. AFSL 240837. This is general advice only and has been prepared without taking into account your particular objectives, financial situation and needs. Before making an investment decision based on this information, you should assess your own circumstances or consult a financial planner or a registered tax agent. . In referring customers to Bridges, Credit Union SA does not accept responsibility for any acts, omissions or advice of Bridges and its authorised representatives. Examples are illustrative only and are subject to the assumptions and qualifications disclosed. Part of the IOOF group.