Client Success #14: Clearing the Way to the Next Property
Projected retirement uplift: $171k
We met a woman with an investment property who was keen to move towards her next one. We took the time to understand her plans, then lowered her super fees, put cover in place and mapped out the investment loan. She now has a plan to pay it down over 10 years, which brings her next property closer.
Client Snapshot
- Single
- An investment property
Their Goals
- Have her super reviewed
- Protect her income and assets
- Move towards her next investment property
The Challenges
- Her debts had increased with the investment property
- Her super didn’t seem to be growing
Our Strategy
- Moved her super to a lower-cost fund, more than halving her fees
- Put an insurance strategy in place, with premiums structured to be tax deductible
- Built a plan to pay down the investment loan over the next 10 years
The Outcome
She has a plan to pay down the investment loan over 10 years, which brings her next property closer, with $866 a year back now. She went on to refer her partner to us. As with any policy, the insurer assesses the claim.
- Immediate value
- $866 a year
- Super fees reduced
- $242 a year
- Estimated tax saving on premiums
- $624 a year
- Planned investment loan paydown
- 10 years
- Projected retirement uplift
- $171k
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