Your financial needs change as you move through life's stages, which is why a long-term relationship with your adviser pays off. In the accumulation stage (from starting work until your fifties) you're paying off a mortgage, raising a family and building wealth. In pre-retirement (roughly your fifties to 60 or 65) the focus shifts to clearing debt and growing your savings. In retirement, it's about making your money last and support the lifestyle you want.

In this short video, McKern financial adviser Shahin Tehrani explains how advice evolves with each stage and why the goal in retirement is the longevity of your investments.

General information only, not personal advice.