Your Wealth Fundamental financial planners are well positioned to assist those in the latter stages of their working life to implement financial strategies designed to bolster savings through superannuation and investments to generate income streams necessary for a retirement of choice.
For those in their fifties, retirement is no longer a far off dream but a reality travelling toward them at speed. During the years prior to exiting the workforce, we assist our clients by articulating the likely living expenses, cash flow requirements and the income streams, including any available Centrelink benefits, necessary for supporting their retired lifestyle of choice.
Our clients are commonly focused on debt reduction while simultaneously increasing their superannuation reserves and growing investments, all of which require strategies that are sustainable and appropriate for individual circumstances. Asset protection is equally important, and considerations need to be taken into account for achieving tax efficient structures which we coordinate in collaboration with your professional partners.
It’s also during these years that businesses are sold; ageing parents pass away leaving inheritances that can provide significant financial windfalls that could impact on your overall wealth and also upon your tax position.
While continued wealth accumulation is important, so too is maintaining appropriate insurances to provide financial safety nets in the event of accidents, serious illness, disability or death.
Then as your retirement draws nearer or your circumstances change, accessing your superannuation via the transition to retirement rules may provide other worthwhile benefits for additional income while you are still working.
Our services include:
Financial Planning: Cash flow management, tax effective strategies
Investments: Accumulating wealth
Debt management
Superannuation/SMSF
Personal Insurances: Income protection, life insurance, trauma insurances
Business insurances: Buy sell agreements, key man & business insurance
Transitioning to Retirement
TESTIMONIALS
“I have known both Chris and Matthew Lane for many years and have been very happy having them advise and take care of my finances. I have found them to be both very professional but in a casual and friendly manner that has instilled a level of trust and confidence that I consider essential in these matters. Their company and its broader staff have been similarly very friendly, approachable and responsive. I have recommended them to a number of my friends and colleagues who have been equally very satisfied with their service.”
“We run a science-based business and don’t have the time to deal with issues such as financial planning and superannuation. Thankfully, our friends at Wealth Fundamentals have been able to give us excellent advice. For the last 15 years, they have helped us cope with the ups and downs of the financial world and the ever-changing regulations associated with self-managed super funds.”
CASE STUDY
BACKGROUND
Married couple Tom and Philipa, aged in their mid-fifties, required financial mentoring as they planned for their imminent retirement. They were juggling a significant degree of financial complexity, given they had each been granted voluntary redundancies. Tom and Philipa hoped their payouts and superannuation would be sufficient to sustain an ongoing income stream throughout their retirement. They also wanted guidance around an appropriate strategy for a sea change. Additionally, they wanted to make appropriate provisions to eventually bequeath their wealth and assets to their adult children.