Client Success #41: A Stronger Run into Retirement
Projected combined super boost: Approx. $645,000
We met a couple with retirement coming into view and a home loan still running. We took the time to understand the deadlines they had set themselves, then brought their tax, insurance, investments and debt into one plan. Their home loan is now projected to be repaid within five to six years, and their combined super is projected to be approximately $645,000 higher by retirement.
Client Snapshot
- A couple approaching retirement
- A home loan still running
- Deadlines of their own to meet
Their Goals
- A stronger position for retirement
- Reach it within the deadlines they had set
The Challenges
- Their home loan was still running as retirement came closer
- Their tax, insurance and investments weren’t working together
Our Strategy
- Built a tax plan for both partners, with the figures to confirm with their accountant
- Put a tax-effective insurance strategy in place for both
- Designed a diversified investment strategy across property and shares
- Built a debt reduction plan for the home loan
The Outcome
Their home loan is projected to be repaid within five to six years, and their combined super is projected to be approximately $645,000 higher by retirement. As with any policy, the insurer assesses the claim.
- Projected combined super boost
- Approx. $645,000
- Home loan projected to be repaid within
- 5 to 6 years
- Estimated income tax saving
- Approx. $12,400 and $8,280
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