Their Challenges
Mr and Mrs D contacted us as they felt like they needed some support to overhaul their finances and get on track for the future they wanted for themselves and their 3 kids.
They were on a good income and had some equity in their home but felt that they weren’t being proactive with their finances and investments and wanted to be able to work with someone who could keep them accountable to the financial goals that they set for themselves.
How We Helped
After fleshing out their goals we worked with them to:
Review their cashflow and set-up a simple and automatic structure that would allow them to live comfortably, pay off their home loan faster, make some extra contributions to super and invest for the future.
Review their super – they were previously in a default fund and “balanced” investments. We established their risk profile and updated their super to an option that wouldn’t just “tick along” but would make a real difference to their retirement savings.
Set the foundations with comprehensive life insurance – set them up with qualify, affordable Life and TPD cover to cover their debt and future school fees, made sure they had quality income protection. It was best for them to hold it in their own name to maximise their tax deduction and set up great Trauma cover while they were young and healthy
A simple but effective investment strategy – based on their goals, investment timeline and cashflow we set-up a simple but effective investment strategy that will help them support their children with university costs or a house deposit in the future.
This case study is illustrative only and is not an estimate of investment returns you will receive or fees and costs you will incur.
