Planning for the unexpected as well as the expected is vital fo success, but you don’t know what you don’t know.

For example, did you know the following?

• The ratio of debt to disposable income in Australian households has jumped from 64% to 185% over the last three decades. For our most indebted households, this means that a 2.5% interest rate rise would translate to their repayments going up from 42% of their household income to 58%. This would mean having to find an extra $16,615 per year just to cover their interest payments.
• Taking a career break to raise children can significantly impede efforts to accumulate sufficient funds for retirement, especially for women. Over 60% of Australian women take more than two years away from their career in order to have children and often return to the workforce in a reduced capacity.
• Over half of all Australians are concerned that they will not have sufficient savings to fund their retirement. The average Australian expects to retire with $471,000. Almost one in five Australians do not expect to retire until they are at least 70 years of age.
• Only 10% of Australians seriously consider the possibility of experiencing a major financial setback in the future. Whether that be due to health issues, issues with job security or the risks inherent in financial markets, 90% of Australians do not give due consideration to what would happen if something went wrong.

The primary role of a Strategic Advisor is to consider all of these things and more, removing the guesswork from your financial future. We will formulate appropriate financial strategies to ensure that wherever practically possible, your stated objectives are achieved, all the while reducing any risks as much as possible.

Here at 360Private, we have the distinctive ability to facilitate your strategic advice across the Six Pillars of our advice offering. This means we can provide you with the information and tools you’ll need to make informed decisions every step of the way.