A good spending plan is essential for a good financial plan
Tim Farrelly | farrelly’s Investment Strategy | 03 May 2023 | 0.25 CE
One of the main goals of investing is to provide for income in retirement – spending! A critical part of any retirement plan is a spending plan (which is not the same as a budget!), that sets out how much money can be safely spent each year, and how this amount may vary depending on changing circumstances and changing market returns. Ultimately, a good spending plan helps keep clients’ investments on track.
Presentation (15 mins) | Slides
ABOUT THE FACULTY
Tim Farrelly is Principal at farrelly’s Investment Strategy (Sydney).
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