Retirement Case Study
Client situation:
| Situation | Bob | Jane |
|---|---|---|
| Age | 60 | 65 |
| Salary | $0 | $0 |
| Apartment | $800,000 - unencumbered | |
| Shares | $0 | $0 |
| Super | $1,200,000 | $350,000 |
| Health | Good health | |
| Children | Chloe age 29, Isabel 25 and Oliver age 32 | |
| Insurance | Adequate general & personal insurance | |
Our Advice
- Ascertain desired spending requirements for retirement.
- Consider Superannuation Pensions such as account based pensions and converting lifetime complying pensions into market linked pensions.
- Ascertain whether Bob and Jane want to preserve capital during retirement (so that capital can be transferred to their children and/or grandchildren).
- Determine investments - including their capital and income characteristics - to analyse cash flows and tax planning opportunities.
- Ensure that there is no personal insurance.
- Estate planning, including superannuation assets which do not form part of a person’s estate,
- Enduring Powers of Attorneys, medical directives, etc.
" I have been very impressed with the service that Chris Humphrey has supplied. He was able to take my complicated tax and insurance situation and provide a clear and concise investment strategy. The personal service that Chris has given me has been greatly appreciated. "
Michael Oberhardt - Principal Geologist at Arrow Energy