Client Success #12: A Roadmap for a Busy Family
Estimated costs saved: About $5,000 a year
We met a busy couple in their early forties, a plumber and an account manager with two children and an investment property. They wanted to manage their cashflow better and pay off the mortgage faster while still investing. We took the time to understand their goals, and they came away with a clear roadmap and about $5,000 a year in costs saved.
“Wow! We didn’t realize how much better we can improve our situation; a different professional perspective certainly puts us in a better position.”
Client Snapshot
- A married couple aged 40 to 45 with two children
- A plumber and an account manager
- A home loan and an investment property
Their Goals
- Manage their cashflow better
- Pay off the mortgage faster
- Keep investing along the way
The Challenges
- Two careers, two children and a property to look after
- No single view of their spending, saving, super and insurance
- Unclear how the investment property was tracking, including its tax position
Our Strategy
- Started with their goals and their spending and saving habits
- Improved their super investments and structure
- Put cover in place to help avoid selling assets if something happened
- Designed a retirement plan drawing on direct property as well as super
- Planned how their wealth could pass to their children, with their solicitor
The Outcome
They came away with clarity on their goals, a roadmap to reach them and a way of managing cashflow that took away the stress, with about $5,000 a year in costs saved. As with any policy, the insurer assesses the claim.
- Estimated costs saved
- About $5,000 a year
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