fbpx

Professional Family Case Study

By:

Professional Family Case Study

Tony & Mary goal – Retire early and not have to work until 65

  • Assets: Family home, Investment property, Super & Inheritance 
  • Employers: Recruitment & Marketing
  • Household Income: $375k plus bonus
  • Family: Married with 2 kids

 

Current Situation

  • Know they could be managing their cash flow better
  • Keen to upgrade family home and understand how much to spend
  • Potential renovations vs optimising their future lifestyle
  • Rising education costs
  • Paying significant tax as not enough good tax deductible debt
  • Underinsured and not sure of the best way to structure them
  • Keen to maximise superannuation contribution strategies for tax efficiency
  • No estate plan in place

 

10 year outlook

  • Have financial options
  • Maintain lifestyle and yearly holidays
  • Pay down mortgage 
  • Not having to stress and worry about affordability and not having to think about money
  • Would like to leave a legacy for the kids
  • Might need to look after ageing parents
  • Would like to be financially independent in 15 years with a retirement income of at least $120,000 per year

 

How We Helped

Developed a comprehensive financial model of their current situation, further modelling scenarios of different housing expenditure and investment strategies and the impact it would have on their retirement

By discussing their objectives in detail and modelling the future outcomes, Tony and Mary had a clearer understanding of the investment strategy they needed to undertake and a roadmap to get them there

We recommended a debt recycling strategy to accelerate the reduction of their debt on their family home whilst unlocking equity for further investments and tax deductions

Implemented a cash flow management system to reduce unnecessary spending and direct surplus cash flow towards retirement savings

Diversified their investment portfolio by reducing their exposure to a concentrated share portfolio they received from inheritance 

Took advantage of the 5 year rule for super contributions to boost their super and reduce their CGT bill from share sales

We analysed their situation, determined their risk needs and recommended a personal protection plan that would best suit their unique preferences

We also referred them to an estate planning specialist to get a testamentary trust in place which is essential for a young family

“When you’re caught up with a growing family, you don’t have time for anything else. But with the right advice, we finally felt like everything was going to be OK.”

Other Related Articles

See why others have chosen Delta Financial Group
Retirement Planning

Pre-Retiree Case Study

Tony & Emma’s goal – Retire in 6 years with $120k income per year Assets: Family home, SMSF & Commsec share portfolio Employer: CEO Medical Industry & Office Admin Household Income: $400k plus bonus Family: Married with 4 kids   Current Situation Have minimal debt on family home Need to review the performance of 3 […]

Read More

Retirement case study

Keeping the good times coming in retirement   Ed & Susan, both in their early seventies, sought ways to maximise their retirement savings. While having superannuation and some savings, the majority of their net wealth was tied up in the family home, which was up for sale. With their adult kids living independently with their […]

Read More

Technology Executive Case Study

Jeff & Sam’s goal – Retire in 10 years with $150k income per year Assets: Family home, Super & Tech stocks Employers: Global US Tech Company & Recruitment Household Income: $550k plus Company Shares / RSUs Family: Married with 2 kids   Current Situation Received a significant amount of company shares via share options and […]

Read More
Founder and Principal Financial Advisor

Let us contact you

Complete the form and we will schedule a chat at the most convenient time for you.