Often people seek financial advice when there’s a major change in their life, such as getting married, buying a house, having a family or (preparing for) retirement. Here’s an overview of some of those life events.

CAREER BUILDING (AGES 20-39)

This is when you’re generally setting the foundations for your future financial security. Getting into good habits will help you throughout your life, such as reviewing your priorities and setting a budget. Some major life events that could trigger a review of your financial situation include:

• Starting a family

• Buying a house

• Getting a new job or promotion
  
  

MID-LIFE (AGES 40-49)

By now, most people are settled in their career. You may have a family and a mortgage and want to maintain your lifestyle while also investing for the future. An adviser can help with budgeting and building wealth with investment strategies (inside and outside of super), and ensure you have the right insurance cover for your needs. It might be a good idea to review your finances if:

• You’re getting a promotion

• Your role is being made redundant

• You’re going through a divorce or relationship breakdown

• You’re moving home

• You’ve paid off your mortgage and / or other debts
  
  

PRE-RETIREMENT (AGES 50-64)

At this stage in your life, you may want to focus on protecting your assets and work out when you could retire. An adviser can help with things like cash flow planning, taking out a pre-retirement pension and retirement planning. Consider reviewing your finances if you’re:

• Wanting to reduce your working hours

• Approaching retirement

• Receiving a financial windfall
  
  

RETIREMENT (AGE 65 AND OVER)

When you enter retirement, it’s time to enjoy your hard-earned super. Financial advisers can help you maintain a steady income in retirement and look into what government benefits you may be entitled to. Some triggers to review your financial situation include:

• Retiring from the workforce

• Preparing for extra care as you get older

• Planning your estate