10 years our team set out to find a way to bring advice to the everyday Australian in a efficient way to reduce costs and reduce the conflicts found in the traditional financial planning landscape. We have used 10 years of data from our traditional financial planning practice to develop the algorithms within Advice cyborg , and still to this day we are modifying them to suit the never ending changes life , regulations and world brings.
We started working on our algorithm
We developed what is now advice cyborg and started the testing of our algorithms.
We opened the doors to beta testing.
We go live to market with the complete build.
We would recommend using our budgeting tool to give you some indication on ensuring you will have enough money for the day you retire. However, planning for your retirement is a complex process. Planning for retirement entails many non-monetary based decisions.
Answering the following questions would be a good place to start:
1. What type of lifestyle do I want to live in retirement?
2. How much will this lifestyle cost per year?
3. How much do I currently have in my superannuation fund, and how much am I likely to have by retirement age?
4. Do I have more than one superannuation fund and should I consolidate them?
5. Is it worth putting more into superannuation now, but still staying under the reasonable threshold?
6. Will I have any large debts outstanding? (i.e. mortgage, car etc.)
7. Will I be helping pay off someone else’s expenses? (i.e. daughter going through University etc.)
8. Do I want to go on holidays periodically?
9. What other income sources will I have and how much will I earn from them? (ie investment property, owner of a business, shares etc.)
Although it is possible to plan your retirement by yourself, we don’t recommend it. We suggest speaking to an adviser when it comes to something as important and complex as your retirement. An adviser will give you the clarity and peace of mind you need when making these critical life decisions.
You can be assured that your data is 100% safe with Advice Cyborg. We do not sell, distribute or share your data with any third-party.
It’s very simple - signing up only takes 5 minutes! If you are interested in our services, we will give you a questionnaire to understand more about you. We need to know things such as your current position, future goals and your risk tolerance – all of which will help us give you the right advice!
