Wade Matterson

#Actuary #FinTech #Retirement savings, #FinancialAdvice, #Superannuation, economics & snowboarding. Views are my own

[Wade Matterson @mattersonw]

“still want to preserve their capital, but also want to draw down on their superannuation benefits via a pension as a source of income.”

Does this imply living off of the returns? If so, lower risk portfolios could work if drawing down capital.

[SMS Magazine @smsmagazine]

Individuals on the cusp of retirement may need to take on significantly higher risk levels if they are to meet the return goals they set for the years they are no longer gainfully employed.
Read more: https://t.co/pd0VNg0NuG
#SMSF #financialplanning #financialservices #ausbiz #ac

[Vala Afshar @ValaAfshar]

The coolest people I know:

1 have great manners
2 remember and use people's names
3 show up on time
4 are lifelong students
5 listen with interest
6 do not respond to negativity
7 eat last
8 mentor and sponsor
9 give without expecting a get
10 talk less, but say more

[Neil Bage @neilbage]

Love it.

[Shane Parrish @shaneparrish]

One lesson that I learned from Micheal Jordan: the best in any field relish the worst conditions.

The harder the practice the better.

Rockefeller was the same. The more the panic around him, the better he was.

The best outperform even more when things are tough.

[Carl Richards @behaviorgap]

Nobody knows what their financial goals are, and asking them is painful for you and them...

The phrase "What are your goals?" should be outlawed.

https://t.co/Y9gEz0aUjj

[Jordan Deeb @Jordan_Deeb]

GameStop sitting amongst Tesla and Amazon after reddit users make it a Fortune 500 company

[Atin @ 27V.vc @batraatin]

Finally got around to reading @farnamstreet’s book “The Great Mental Models” - and already got more highlights than any other recently read book.

This piece is particular, haunts me:

[Wade Matterson @mattersonw]

@dcorford @OptimumPensions @AnnuityGator Worth noting that other expenses such as leisure and travel, decrease faster (in aggregate) than healthcare costs rise as we age.

[Eric Jorgenson 📚 ☀️ @EricJorgenson]

Too much attention to lifespan, not enough attention to healthspan.

[Shane Parrish @shaneparrish]

Your first thought is often a common one.

It's only by sticking with something long enough to let your brain make connections that you come up with uncommon ideas.

The most useful insights come after thinking about a topic for a long period of time.

[Cameron Passmore @CameronPassmore]

Solid definition of retirement from ⁦@naval⁩ —>

[Wade Matterson @mattersonw]

@HarryChemay @WillMcDougall @TMFScottP So can we agree when economies of scale are achieved and when diseconomies of scale begin?

$5bn, $20bn, $50bn, $100bn

[Wade Matterson @mattersonw]

#Leadership

[alex dunnin @AlexDunnin]

Given all the inept politicians, senior bureaucrats, boards and CEOs out there, what they get away with, it’s massively disproportionate that Christine Holgate fell on her sword over a few watches. That she forgoed a payout says a lot. Her career isn’t done by a long stretch.

[Wade Matterson @mattersonw]

@PatrickFlynnFP @julian_plummer @4greatadvice “GBA” highlights an industry flush with IQ but sometimes limited EQ. While well intentioned, you alienate potential advocates by suggesting their approach is wrong at the outset.

Same can be said for the endless retirement income debate.

[Wade Matterson @mattersonw]

@Cooperannuation @ConexusF

[Naval @naval]

You don’t need mentors, you need action.

[Wade Matterson @mattersonw]

More important will be people actually using it...

[Wade Matterson @mattersonw]

@HarryChemay Thanks for the kind words @HarryChemay @EricaHallAU & @annegrahamcfp

As many of us know, #retirement & #superannuation is ultimately about helping people achieve their dreams.

We’re proud to be a small part of this noble cause & community with you.

[Wade Matterson @mattersonw]

@julian_plummer Also, will advised clients actually understand any of this...