The Myth of Retirement Spending
Conventional wisdom is that retirees spend a fixed amount per year in real terms (i.e. after adjusting for inflation), meaning that the amount they need,
Philip Wise
September 18, 2023
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The Four Horsemen of the retirement apocalypse
Inflation, Deflation, Confiscation and Devastation In his book “How History Informs Portfolio Design”, US financial advisor and historian William Bernstein offers an operational definition of
Philip Wise
July 18, 2022
Inflation is the question, what is the answer?
At the moment, inflation seems to be everywhere. On the news, in the shops, at the petrol station, in our energy bills. If I had
Philip Wise
May 25, 2022
Back to the 1970s?
In the last year or so, the biggest worry raised in our conversations with clients has been a return to higher inflation. It’s an economic
Philip Wise
March 22, 2022
Five Financial Planning Predictions for 2022
I’m a bit late with my financial predictions for 2022. I hope you’ll forgive me but COVID finally had its day in the Wise household
Philip Wise
January 5, 2022
The three stages of retirement
The Old Age Pension was introduced in 1908, and was paid to people over the age of 70. At the time, only in one in
Philip Wise
October 11, 2021
Investment Update
After a volatile 2020, when share prices fell sharply in February, then recovered very quickly for the rest of the year, 2021 has been less
Philip Wise
September 6, 2021
The Rule of 72 – How a simple rule can help you understand inflation
“If you take the number 72, and divide it by an inflation rate, that’s how long it takes for the price of something to double.”
Philip Wise
June 14, 2021
Will inflation spoil your retirement?
In the last few weeks, the financial press has become excited about inflation and it seems that markets have started to worry that inflation may
Philip Wise
June 7, 2021