Ray, 47 and Linda, 45

  • Married
  • Total salary income of $215,000 per annum
  • Mortgage of $750,000 (inability to service this  debt)
  • No personal budget or plan
  • Multiple superannuation accounts
  • No risk management plan
  • Out of date wills

How did we help?

  • Debt management – a decision was made to downsize their home to relieve the debt burden.
  • Cashflow management – by constructing and implementing a detailed budget for Ray and Linda, we were able to create a 20% profit in their personal Profit & Loss statement.
  • Superannuation consolidation – we were able to find Ray and Linda new ‘low fee’ superannuation accounts, roll all of their superannuation funds into these accounts and then invest the funds according to their risk profile.
  • Risk management – an appropriate risk management plan was put in place and partly funded through their newly opened superannuation fund.
  • Estate planning – a review of their estate planning needs was completed by a legal professional and the appropriate documents, i.e. Will, Power of Attorney, etc. were updated accordingly.