Ascent Insights Edition 48

We all want to live a long and enjoyable life. And as we age, the importance of upcoming events becomes even more apparent: children’s weddings, grandchildren’s birthdays, or that big family holiday you had planned for years. But there are three important variables to consider:

  1. Your age
  2. The cost of these lifestyle goals
  3. The rate of return of your investments

It may sound like a paradox, but as you age, your expected lifespan increases. Let me explain: the average life span in Australia is 80 years for males and 84 years for females. However, an 84 year old has an expected life of about 90 years. And a 90 year old has a life expectancy of about 94 years. Therefore, you will continually need more money to fund your lifestyle. We all want to live a great, long life, but we need to be able to afford it.

This highlights the importance of quality planning; not just secure and smart investments, but practical lifestyle objectives, priorities and sound family-wealth management. The good news is, is that with Ascent Private Wealth, you’ve already come to the right place.

Do you want to share this peace of mind with a friend or family member? Ascent Private Wealth offer a free consultation and financial plan to the friends and family of all Ascent Private Wealth members.

In the world of investments, it’s been a bumpy couple of months as global stock markets are slowly finding their footing with looming trade tariffs, tech-company shake-ups and, more locally, banking royal commissions. But the underlying economy is looking good. Australian retail spending is increasing and employment levels are holding. Similarly, the USA is experiencing increasing employment and wage increases.

If you have you any questions from this month’s edition of Ascent Insights, please feel free to call 03 9672 5111 or email motoole@ascentpw.com.au

Kind Regards,

Mark O’Toole CFP

Founder/Managing Director