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 contacted Humphrey Partners through a website enquiry seeking professional advice including a life insurance review. Chris took the time to fully understand my financial position, goals and needs to provide me with timely, relevant and easy to understand personal advice. This allowed me to make an informed decision about the types of insurance I really needed, my appropriate levels of cover and how to structure my cover to get the best value for my money."
Carmel White