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 minimisation 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.
