CASE STUDY – Ian & Jillian wanted control of their super investment and planning help as needed

CASE STUDY – Ian & Jillian wanted control of their super investment and planning help as needed

Ian & Jillian wanted control of their super investment and planning help as needed

WHERE they were at – Just starting retirement slowly by working part-time, Ian & Jillian wanted to have more control of their super investments as well as planning-help as they needed it. Ian wanted to follow the share market closely and learn how to invest for a good return. Jillian was happy to keep busy working part-time. But the complexities of understanding eligibility and applying for Centrelink benefits seemed daunting. They wanted to know who to turn to, and receive trusted recommendations

What they WANTED to have – They had paid their house off and had no car loans any more. The home was in good maintenance, but some small projects always waited, and some money would be required. The cars were maintained and were not too old, so no pressing need to upgrade yet, but maybe in 5-6 years. They wanted to have 1-2 trips to the sunny north states if possible per year, and be able to dine out once a week or fortnight, but not too expensive.

What it would COSTKnowing their weekly and monthly expenses, their retirement that they wanted was modest, and they calculated that $50,000 would be comfortable for the living standard they required.

What they would NEEDTo be safe, if a conservative investment return of 5% is used, (one 20th of 100%) this means one requires at least 20 times the income/return goal – that rounded to approx. $1,000,000 in assets that can generate a return. Having $300,000 in super combined they were short of being totally self-funding in full retirement.

What to do NOW Ian & Jillian spoke to their advisor. They found there were options and a Government Pension was possible, so there was no need to panic about low super. Ian liked the opportunity that he would be able to watch, learn and make decisions about what companies their super was invested in. He liked that the SuperBenefit Programme recommended broker supplied a list twice a year of companies with strong financial health that are likely to perform well.

We were instructed by the planner to set up the SMSF and applied to the super funds to roll-over to the new SMSF bank account. Then they spoke to the stock broker about the list he had created for SuperBenefit clients, of healthy Aust companies based on the 12 financial health criteria. Since 2010 they have made returns ranging from 8-18%.

They also had peace because any queries or compliance issues, could simply be directed to the administrator, who would  CONNECT them to the right advisors as required (SMSF Connector Service)

They now had the components in place –

Strategy to take control of the retirement plan, and

Structure an SMSF using SuperBenefit administration, alongside part-time work and later Government pension

Support with resources and all compliance taken care of by SuperBenefit, as well as a team of specialist professionals that the SMSF Connector service provides

Note This is a simplified summary of one client – we recommend asking for a FREE consultation and/or seeking further professional advice with our recommended advisors or your own.

Got questions? If you want experts who have years of helping others, without the hype – then call for a FREE strategy session today and also get your FREE Expert Guide – Self-Managed Super and Youtop right hand side above.

If you have any questions, why not give us a call – it’s FREE also!

No obligation. 0407 361 596, Paul.


About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit provides a wholistic SMSF assistance, education and administration service continuum - 1. “assistance” is help of whatsoever nature where our overall SMSF experience and knowledge enables us to provide assistance/help without any legal (or “license”) limitations. 2. “education” involves providing knowledge through teaching, coaching and mentoring about all matters SMSF, including (but not limited to) investment issues such as equities and property, 3. “administration” encompasses all admin aspects of legally required SMSF trustee and member record keeping including (but not limited to) audit and ATO matters. In keeping with our key point that SuperBenefit does not provide Financial Advice, where issues arise from 1, 2, and/or 3 above Indicate a need for a legally authorized provider (such as a Financial Adviser) and the client does not have their own service provider, the client can utilize SuperBenefit’s ‘Connect Assist’ … SuperBenefit, in itself, does not provide Financial Advice, but it does provide the wherewithal for great SMSF service. WE do not provide Financial Advice or any other service that requires a legally authorized provider. However, where such advice or service is required we have our ‘Connect Assist’, a SuperBenefit resource we use to connect clients to a Licensed Advisor or other legally authorised service provider. Call us 0407 361 596, no obligation FREE Connection call to see how we can help you!
This entry was posted in 2 Past Newsletter Topics, Case Studies of Clients, Retirement Planning, Superannuation General and tagged , , , . Bookmark the permalink.

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