[Ep #12] Take Control of Your Financial Future

Take Control of Your Financial Future According to ASIC a comfortable income for a couple is $59,971 and a modest income is $34,855. Now, without taking into consideration the age pension, you would need $1.2M if you wanted to have a comfortable lifestyle when you retired (or not including the aged pension $720,000 for a modest lifestyle), which assmes a life span until the age 85. Joining me today is Katie McDonald. Katie brings a unique experience to financial planning and Empire Financial Group with over 20 years of personal investment experience, 5 years as a business owner working specifically with women and financial literacy, in addition to working as a business adviser for The Chamber of Commerce. She is currently a financial adviser for Empire Financial Group, specialising in advising women on achieving and managing financial independence, Small business retirement planning, growing families and aspirant couples and individuals. On today’s show, Katie answer the questions: * Do you really need $1 million to retire? * If so, how do you get there? * The importance of getting good advice and what does good advice look like? We pay the bills, we balance the family cash flow, we are good at spotting bargains – We can take control of our financial future.  – Katie McDonald About our Guest:  Katie brings a unique experience to financial planning and Empire Financial Group with over 20 years of personal investment experience, 5 years as a business owner working specifically with women and financial literacy, in addition to working as a business adviser for The Chamber of Commerce. Katie is currently a financial adviser for Empire Financial Group, specialising in advising women on achieving and managing financial independence, Small business retirement planning, growing families and aspirant couples and individuals. Summary: * Bachelor of Business (Finance) and an Advanced Diploma in Financial Planning. * Practical and professional knowledge of financial planning and investing * Women's financial literacy specialist Connect with our Guest: * Website: www.efg.net.au * LinkedIn: katie-mcdonald-67577619 Connect with Business Women Australia: * Website:  www.BusinessWomenAustralia.com.au * Twitter: Business Women Australia * Linkedin: Business Women Australia Learn more about your ad choices. Visit megaphone.fm/adchoices