One of my favourite pastimes each Saturday is reading the weekly column by Nikki Gemmell, in The Weekend Australian magazine. She writes about life and the lives of herself, her family and people she has known, and gently draws valuable lessons from them.
Last Saturday, she wrote about 2 people who had been high profile in their day, earning big money. However, their later years were nothing like their early years. The money ran out, their health deteriorated and they spent their last days in relative poverty.
That’s a story that we are likely to hear more of, as the population ages, but it is a problem that Financial Planners are well positioned to help you avoid.
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