Based on the Fidelity International-CoreLogic 2019 research report, women in general identify with the following 5 financial goals:
1. Pay off the mortgage
Women over 35 want to finish paying off their mortgage. Women who have financial goals rated paying off the mortgage 8.7 out of 10 in importance.
2. Understand and contribute to superannuation
Many women are unaware of the amount of superannuation they will need to retire comfortably, but understand they need to contribute. Only one in three women are certain, or have a good idea, how much superannuation they will need.
3. Save for a comfortable retirement
When it comes time to downsizing property, most older women want to use this money for retirement rather than leaving an inheritance. When faced with the prospect of suddenly coming into a large windfall of money, women would largely invest the money or put it into their superannuation to fund their retirement.
4. Improve financial literacy
Women over 35 tended to undersell their financial literacy, whereas women under 35 are more confident in their financial knowledge and literacy.
5. Look after the family and build wealth
Women most often put family security at the top of their list of priorities but are also conscious of setting long-term investment goals. The number-one financial goal is to have enough money to provide for the family. Buying an investment property is also a common objective.
This research definitely corresponds with the financial issues our female doctor and dentist clients want help with:
– Buying a house or investment property and paying down the loan
– Putting in place insurance protection
– Optimising their superannuation
– Having multiple wealth creation strategies in place
– Being educated on their options
We specialise in working with dentists and doctors, and 80% of our new clients are female medical and dental professionals.
If you would like to discuss any of these financial goals please feel free to reach out via Yves@affluenceprivate.com.au or 0432 885 295.
As I understand your time is extremely valuable and scarce, I am able to offer flexible meetings times, including outside business hours and during the weekend. I can even come and meet you somewhere convenient, or talk via videoconference on Skype.
My first consultation is free. I allocate up to 90 minutes to discuss your personal circumstances and to establish how I may best assist you. Where you already have an existing adviser, I would be happy to offer a second opinion. I always quote a fixed dollar fee before we start working together.
Please contact me on firstname.lastname@example.org or call me direct on 0432 885 295. You can follow me on Twitter @YvesSchoof or connect with me on LinkedIn to receive new articles.
Yves Schoof and Affluence Private Wealth are Authorised Representatives of Synchron, AFS Licence No. 243313.
The information posted is intended to be general in nature and is not personal financial product advice. It does not take into account your objectives, financial situation or needs.
Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. In particular, you should seek independent financial advice and read the relevant product disclosure statement (PDS) or other offer document prior to making a decision.