The role of financial modelling in planning for the future.
Our research shows ‘doing nothing’ is costing many Australians millions of dollars in retirement. And whether it’s confidence levels, cost, misplaced perceptions or procrastination stopping them from seeking financial advice, every year that finances are left unattended, many Australians are potentially losing six figures or more over their lifetime - regardless of demographic or gender.
Through financial modelling, we can show that whether you’re ten years away from retirement age or 30 years away, the gains of receiving financial advice can outweigh the fees.
If you could be better off by the time you retire through the benefits of professional, tailored advice suited to your own personal needs, why wouldn’t you take the plunge? That could be the difference between enjoying the freedom of a comfortable retirement or having to work a few years more and delaying your retirement until your late 60s or early 70s.
All projections are based on a series of scenarios and assumptions around income, lifestyle, superannuation and age, taken from ‘The cost of doing nothing when preparing for retirement’. Every individual’s circumstances are different and these projections do not guarantee similar results.
Financial modelling uses assumptions such as investment returns, inflation, and lifestyle expenses to help you understand the impact of your financial decisions over time. With these insights, you can make informed choices about how much money you spend, save, and invest to achieve your financial goals.
Financial modelling is a complex, technical process so working with a professional can be a good way to help you identify potential risks and opportunities and adjust your financial plan.
At Findex, we use the latest techniques and technology to create models reflective of real-world scenarios to help you visualise possible outcomes tailored to you.
Don’t shy away from the future. Unlock the value of financial modelling to help you live the life you deserve.