Australians are enjoying the highest level of financial well-being since the Financial Well-being Index was established by ING Direct in 2010.
More than thirty years ago in the early days of my financial planning career we were taught that an important factor in helping people plan for their retirement was the fact that financially secure people lived longer!!!
With this in mind it is encouraging to see the Financial Well-being Index rate household comfort levels at their highest in six key areas of personal financial well-being including credit card and mortgage debt, savings, investments, income and ability to pay bills since the index was established.
Why? Australians are focusing on taking control of their finances, working with a trusted Adviser to optimise their outcomes and achieve their aims and objectives for a comfortable retirement.
By working with an Adviser in a trusted relationship often a few simple strategies can ensure you enjoy more bang for your buck – cutting losses, reducing costs and minimising tax. It’s a strategy that will reap rewards in terms of improved financial and physical health and well-being.