Financial Planning For Doctors And Dentists – How interest rates affect your investments
Interest rates are an important financial lever for world economies. They affect the cost of borrowing and the return on savings, and it makes them an integral part of the return on many investments. It can also affect the value of the currency, which has a further trickle-down effect in other investments.
In this snapshot we try to simplify the impact of interest rate movements on various investment types and emphasise the benefits of diversification.
Click Here To Read Our Article On Interest Rates : EFS Interest Rates April 2023
At Experien Financial Services our objective is to help clients develop a strategy to convert their current income and assets into wealth in retirement. We use our bespoke actuarial modelling (running thousands of investment and longevity scenarios) to interactively refine a strategy with the client, aiming to give them the outcome with the highest likelihood of success. We help our clients solve the following issues and more:
- How much money do they need to retire?
- How should they invest their savings before retirement?
- Which superannuation fund provides the investment flexibility they need, in a cost-effective manner?
- Should they have an SMSF?
- How do they most effectively transition to retirement?
- How do they invest in retirement to ensure that their wealth lasts for as long as they live?
- How do they minimise tax on their investments?
- How do they maximise social security entitlements?
- How do they reduce investment risk while still achieving optimal investment returns?
- What should they do with their insurance payout or inheritance?
- Should they buy/sell a property?
- How do they balance their monthly budget?
- How do they minimise the tax my dependents pay if they die?
- How much is the optimal amount of insurance for their needs?
- What is the most cost-effective insurance solution?
Contact us to help you determine and meet your financial and insurance goals with confidence
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This information is current as at April 2023 and includes contributions from external sources. This article is intended to provide general information only and has been prepared without taking into account any particular person’s objectives, financial situation or needs (‘circumstances’). Before acting on such information, you should consider its appropriateness, taking into account your circumstances and obtain your own independent financial, legal or tax advice. You should read the relevant Product Disclosure Statement (PDS) before making any decision about a product.
Life insurance and Financial Advice services are provided by Experien Insurance Services Pty Ltd (EIS) ABN 99 128 678 937 and Experien Financial Services Pty Ltd (EFS) ABN 32 631 346 757. EIS and EFS are a Corporate Authorised Representative (No. 320626 and No. 1274354) of Affinia Financial Advisers Limited ABN 13 085 335 397 AFSL No. 237857.
