- November 20, 2023
- Posted by: legaleseblogger
- Category: Related News
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AI Legalese Decoder: Helping You Make Informed Financial Decisions
Current Situation: Significant Investments in Term Deposits
At present, I am in touch with a group of individuals who have wisely invested $1.3 million in various term deposits, with an average return of 5.5%. This has allowed them to accumulate a significant amount of savings while remaining debt-free. As they approach their preferred retirement age of 60, they are now considering whether to leave their funds in these term deposits or explore alternative investment options.
Considering Future Financial Goals
With retirement just three years away, it is crucial for them to carefully evaluate their financial strategy. They must decide whether to maintain their current investment approach or consider reallocating their funds into potentially higher-yielding opportunities. This is a crucial decision that could significantly impact their financial security and overall retirement plans.
Exploring Investment Options: Shares, ETFs, or Property
One potential investment avenue they are considering is the stock market, either by investing in individual shares or through exchange-traded funds (ETFs). However, they are also contemplating the prospect of venturing into the property market. Given their substantial equity and stable employment, purchasing a property while they can easily obtain a loan is an appealing option. Nonetheless, they are seeking guidance on the potential returns and risks associated with each investment avenue.
How AI Legalese Decoder Can Help
The AI Legalese Decoder offers valuable assistance in deciphering complex financial jargon and legal terminology, thereby empowering individuals to make informed investment decisions. By utilizing this tool, my acquaintances can gain a deeper understanding of the legal and financial implications of their investment choices. The AI Legalese Decoder provides precise and reliable information, enabling them to evaluate potential returns, risks, and legal considerations associated with various investment opportunities.
Ultimately, by leveraging the AI Legalese Decoder, my friends can confidently navigate the intricate landscape of financial and legal information, facilitating their decision-making process and aligning their investments with their long-term financial goals.
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Original:
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Rewritten:
The Benefits of Using AI Legalese Decoder for Legal Documents
Legal professionals and individuals often struggle to understand and translate complex legal documents filled with unfamiliar jargon and technical language. AI Legalese Decoder is a cutting-edge software tool that has been specifically designed to address this common challenge. By leveraging the power of artificial intelligence, this innovative software is able to effectively decode legal jargon and extract key information from contracts, agreements, and other legal documents.
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****** just grabbed a
With $1.3m liquid plus assets I suggest you go talk to a professional..
3 years and wanting some certainty on how much youÔÇÖll have?
Basic answer is TD seems right.
More complex answer is to budget out the next 5-7 years and keep that budgeted amount in TD. The rest can be staggered into more higher risk investments. They potentially have 20-30 years left, so thereÔÇÖs still some returns to be made, but it is absolutely best to have some certainty on the next 10 years funds and knowing that it wonÔÇÖt be eroded by a market slump
I’m entering retirement with a 80% stock 20% bond portfolio. Term deposits are not going to be survivable long therm.
– Average returns on residential are around 3% much less than a TD. This is if you bank on the value rising. (Current conditions)
– Commercial is around 5% but requires high equity. Not sure if thereÔÇÖs much worth while thatÔÇÖs under 2M
– possibly split 70% TD and 30% ETFs.
What terms are you choosing? I am in a similar situation and are locking mine all in at 5 years in the logic that TD rates will drop by more than I would make by taking the higher rate for a shorter time. If you follow me. Of course thatÔÇÖs pure guesswork. I am also looking at a private finance company called Generalfinance who offers TD about 40% higher than bank, although of course at more risk that a normal bank. IÔÇÖm going to put 10% into one of those. 7.55% for 5 years
Lock in as many long term 6%+ TD’s as you can.
Keeping it in term deposits will erode it due to current high inflation.
As you are close to retirement, you probably want a low risk option.
Investment property won’t give you much yield (around 4 to 6% gross) so with $1.3 mil that won’t really be much once you take expenses and tax.
Perhaps an index fund or ETF? Although if you take the 4% withdrawal rule, it will just be $52k before tax. But if you add superannuation, you may be ok? Depends on your expenses
Brah if folk have that kinda money they can afford pro advisor than going on this sub for pro bono advice lol ƒñú
Go talk to some professionals. I’ve spoken to a few in New Zealand and the only one I would recommend is the Private Office.
Cash is a great investment return right now especially so close to retirement Рif you only have a 3 yr horizon, stocks are a little risky in anything under 10 yrs in an ideal scenario maybe split this risk 50/50?
Personally it’s none of your business, it’s theirs.
Amazing how many people on this sub stick their nose into other peoples finances.
Whatever you do, make sure you enjoy some of that money. You’re literally about to retire, I don’t care if you live to 100. It’s time to start living and enjoying years of hard work
Echo the comments to talk to someone.
One key point is that asset allocation should get more conservative as you age. The suggestions that you should be practically all in on equities doesn’t align with a shortening time horizon in late life. You have one major drawdown at the wrong time and your asset base won’t recover
People tend to live much much longer than 60 years old these days. I would still want some growth assets in there to power the earnings for years to come, such as stocks or property.
Would you be prepared for volatility and see your funds disappear. Keep the money in the bank and sleep easy.