Greg & Rebecca
Client since 2010
Planning for Retirement
Greg & Rebecca approached us to analyse their financial position and determine if they had accumulated adequate assets to fund their retirement. Greg suffers from a chronic medical condition and while he received an Income Protection benefit, they were conscious that it would cease when he reaches the age of 65. When they first came to us, they were in their late 50’s.
Greg & Rebecca’s Challenge
One of their main challenges was they had to allow for increasing medical costs over the coming years. Also, Greg was concerned that he would become a physical burden on Rebecca, he was determined to leave her with sufficient assets to enjoy the lifestyle that he had envisioned for her and also, to be in a financial position where they could assist their children.
Our Solution and Results
Greg & Rebecca’s Adviser helped them work out their financial priorities and also, define and quantify what retirement actually meant for them.
With a realistic understanding of their financial requirements in retirement, together we were able to determine the best way to fund them. Their plan focused on simplicity, tax-efficiency and flexibility enabling Rebecca to focus on her other priorities in life, including the ability to care for Greg.
With our help, Greg & Rebecca leveraged Super (‘Superannuation’) contribution opportunities for Greg in order to reduce his income tax, and a mix of Super pensions and Non-Super assets providing Rebecca with access to the income she needs.
Our ongoing services include managing their portfolio, safeguarding their investments. As a ‘low-risk’ client, we ensure their portfolio contains the right level of growth assets to deliver long-term growth, without excessive volatility.
Retired Registered Nurse
Client since 2012
Planning for Retirement & A Lump Sum of Money
Knowing that retirement was on the horizon, Jan was keen to plan for a successful transition and ensure that there was a lump sum of money available as a safety net
While Jan was clear about what she wanted, she lacked clarity in how she could achieve her financial goals.
Our Solution and Results
Talem Wealth invested the time up front to research and understand Jan’s personal situation and goals. Using our experience and expertise, we were able to recommend a range of excellent investment strategies within her Superannuation fund and personal investments to maximise her position and produce a solid income stream while transitioning into retirement.
According to Jan “my investments would not have done so well. I really appreciate and benefitted from the advice I have received over the past 5 years”.
We continue to work with Jan, managing her investments and providing advice, giving her the confidence that she can enjoy her retirement and continue to build wealth.