Personal Financial Planning is a broad subject. It may include managed investment, risk management, superannuation, estate planning etc.. However, we recommend you to share your retirement objectives with us regardless of your age as it is the number one concern most Australian have. We can help you to :
understand your retirement goals in financial terms;
estimate how much incoming generating assets you need to accumulate to support your desired retirement life-style;
formulate strategies to accumulate the required level of assets before retirement;
package tax effective income streams using the accumulated assets for retirement living;
advise you on the investment strategies in relation to your retirement fund in accordance with your risk profile;
review your financial position and strategies regularly against latest economic, legislative and personal circumstances changes to ensure your goals are on track.
Our objective is to form a close partnership relationship with you, acting like your personal Chief Financial Officer. Mentoring your retirement journey along the way to assist you to achieve a peace of mind retirement.
The following table shows how much incoming generating net assets (not counting your own home) a couple needs to accumulate to support their 30 years retirement lives assuming they need $63,500 (after tax) for living at their 1st year of retirement. Assumptions used in this example are conservative :
asset allocation (cash/fixed income 30%, shares 35%, properties/property trusts 35%)
asset return rates (average capital growth rates p.a. for assets except cash and fixed income : 3.2% and average income return p.a. :3.1%)
average tax rate (20%)
annual inflation rate ( 2.5%)
amount of inheritance they wish to leave to their descendants (Nil, apart from their own home)
It should be noted that the example below is only for general reference purpose only. It should not be used as a specific personal financial advice. You should consult your financial adviser or contact us should you need a specific calculations of your retirement requirements which should be in accordance with your personal circumstances and risk profile :
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