CASE STUDY: Pre-Retirees

CASE STUDY: Pre-Retirees

Jennifer and Fred, age 50 and 53 were keen to retire but unsure on how to do so. After 30 years of working from 6 am, Jennifer had enough and simply wanted to be at leisure. To live life on her terms. They owned a lovely home which they had enhanced and renovated over time. Over the years, the property had appreciated nicely. Alongside this, they also own an investment property with an existing loan. Jennifer, being a teacher of the WA Education Department, held a GESB West State and Gold State Super. For this reason, we were able to take advantage of the $1.515mil untaxed lifetime cap and not being restricted to the concessional contributions cap. Employing this to the full, it has accelerated them to extinguish the loan in a much shorter time frame. After the investment property was sold, the balance of the loan was extinguished, and the balance of the proceeds was used to equalise their super balances. Working together, we ensured their affairs were simplified, understood and informed decisions made. Capital gains were also negated when the property was sold. More importantly, Jennifer and Fred are now comfortably retired with an income of $60,000 each year and receive a small part Centrelink age pension. Conservative cash flow projections show their retirement assets will continue to provide for their desired lifestyle well past their statistical life expectancy. From an estate perspective, their home was valued over $2 million giving them peace of mind to fund their aged care personally, if required. This has also allowed them to leave a legacy for their 2 daughters on their passing.

Testimonials

Alison
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Have been using Life Financial for 3 years now and Marijana has repeated provided us with the best possible strategies for our changing situations. We believe that the LFP team consider our financial security just as important as their other clients. Marijana, Mei and Donna have been very kind, easy to talk to and responsive to my calls and emails. We definitely recommend LFP without hesitation.
Lee-Anne
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We have been seeing LFP for about 10 years now! We are so appreciative of their service and reminders to look after our financial future. It is a relief to leave our superannuation investments and insurances in their very capable hands. Would recommend them to anyone who does not already have a financial advisor.
Miss Vae
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We have been clients of Marijana and team for a few years now and they have been nothing but professional, caring and informative. Marijana is always happy to answer all of our questions and kept the process worry-free for us. We always look forward to seeing the team every year for our review. Thank you for everything you do for us 😊
Alastair
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We always receive Marijana and Mei’s full care and attention when needed, and cannot recommend them highly enough!
Jude
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We are so incredibly grateful for the personal but very professional advice given by Marijana and Mei. After a lifetime of medical bills, transition to retirement was looking grim, but after meeting with the team at Life Financial Planners a few years ago, they really listened to our personal circumstances and we now have a clear, positive path.
Neil
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We have been clients of Marijana and the team since 2006. During this time I have retired from working - a daunting time for most of us. The transition to retirement was quite smooth, thanks to the very professional advice we received. We have no hesitation in recommending Life Financial Planners to anyone seeking assistance with their financial planning needs.
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