Make Sure Your Money Lasts
Retirement should be the most stress-free period of your life. Financial uncertainty can place an unnecessary dampener on your well-earned respite. Our Financial Planners are experts in Retirement Planning and can work with you to ensure that your retirement is financially smooth and hiccup free.
You have a 50/50 chance of living as long as your life expectancy. Will your assets last as long as you do?
We Can Help You To
- Choose appropriate investments
- Manage any existing investments you may already have
- Identify Centrelink opportunities
- Liaise with Centrelink on your behalf
- Formulate a comprehensive budget and figure out exactly how much money you will need throughout your retirement
- We can even help you with your estate planning
Our team of specialists can assist you to navigate the murky waters of legislation and help with your investments to maximise your retirement.
Case Study 1
Noel & Mary
Noel and Mary have recently retired and are in their mid-60’s.
They have received an inheritance and have a lump-sum to invest in addition to their accumulated retirement savings. They are not sure what the best way is to invest the money they have.
Throughout the first meeting, the following financial goals were identified:
- They need a regular income for a comfortable retirement
- Want to identify any Centrelink benefits they may be entitled to
- Good long term investment performance
- Provide an inheritance for their children and grandchildren
They have 3 adult children who are all financially independent and they have 5 grandchildren. Upon their passing, they wish for their remaining assets to be distributed to their children and grandchildren and the money be protected from their children’s spouses should their children pass away or divorce in the future.
After discussing their financial goals and concerns, they received advice on how to invest their assets and achieve their requirements (regular income and good long term investment performance).
A Financial Plan was provided to maximise tax-free lump-sum contributions to superannuation working with age based restrictions on how much money can be contributed.
Centrelink benefits were identified and by holding assets in the name of the younger spouse; they were able to receive the full age pension for 3 years longer than otherwise would be the case.
Advice was also provided around the establishment of appropriate estate plans to ensure a smooth transition of wealth to their children and grandchildren, while having that money protected from frivolous spending or future divorce.
Case Study 2
Jack the retiree started to worry when he returned home from his regular Tuesday golf game and couldn’t find Nancy in the house. He went searching and found Nancy lying in a garden bed. He called an ambulance, but there was nothing they could do for her. The autopsy later revealed Nancy had suffered from a heart attack. She had been in good health so this came as a huge shock to Jack and the family.
Thankfully, they hadn’t let their insurance lapse when they retired, because they were being cautious in regards to their retirement plans. Jack was the sole beneficiary of Nancy’s Term Life Insurance policy.
Jack wanted to stay in their beach house as it had been the dream they built together, so he used the Death Benefit to pay it off and hired someone to help him the maintain the home. This gave him great peace of mind, knowing that he could remain in their dream home and that in the future he may leave some money to his kids. This had always been Jack and Nancy’s hope.