Brian is the Managing Director of a building company. He has managed fund investments, super and property. But he was unsure about whether he had enough for a comfortable retirement. He also knew he had too much money invested in property, but didn’t know how he could balance this with other investments to benefit from a diversified portfolio.
After review of his financial situation and his goals, his financial planner was able to provide him with a comprehensive, balanced investment strategy. His property exposure was reduced by restructuring his investments. And he now has a valid Will and Estate Plan so that his family is taken care of.
Jan’s husband died recently leaving Jan with (among other things) a big financial headache. On the advice of the family solicitor, Jan’s husband transferred control of his Estate to family members just prior to his death. Unfortunately, this left Jan in a difficult position. Without clear instructions, Jan and her family now have to determine how to distribute assets among several family members – all with competing priorities.
Jan called her financial planner, who helped her negotiate a better outcome with her family. He calculated how much money Jan would need to maintain her lifestyle and provided her with her own financial plan. Now Jan is a more confident person, despite the loss of her husband, with a firm idea of how to handle her financial future.
Janine had a large proportion of her retirement savings tied up in an investment property. She planned to sell this property just prior to her retirement, and use the proceeds to fund her retirement. What Janine didn’t know was that by making an ‘unsupported person’s’ contribution into superannuation, she could offset the capital gains tax payable on her property sale.
Janine talked to her financial planner about her intentions. Luckily, he was able to assist Janine with the details, saving her a considerable amount of tax.