Pre and post retirement (Age 50+)

Patrick (65) and Emily (63) are nearing retirement but are unsure of how to best utilize their savings and assets. Patrick has $850K in superannuation, and Emily has $400K. They also own a family home worth $1.5M and have $250K in additional savings. They are concerned about how to create a sustainable income from their savings, and whether downsizing their home would be a wise decision for their retirement plan.

Steve (59) and Laura (57) have worked diligently over the years, Steve earning $150K and Laura $85K. Their primary concern is making sure they can retire in five years while still supporting their two adult children as they finish university and start their careers. With $950K in combined super, a home valued at $1.7M, and $300K in savings, they are unsure how to balance their retirement plans with helping their children financially.

Julie, 60, has been a mid-level executive earning $115K per year but is now looking to reduce her work hours and transition into consulting. She’s concerned about how this career change will impact her retirement savings. With $550K in super and no major liabilities, Julie is looking for advice on how to maintain her lifestyle as her income decreases, while still preparing for a comfortable retirement at 65.

David and Margaret recently sold their successful business for $1.4 million. Historically, their investment strategy was limited to term deposits, providing them with safety but minimal growth. As they transitioned into retirement and semi-retirement, they sought to diversify their investments and secure a dependable income stream of $75,000
annually.

Marlene, a 66-year-old widow, inherited a superannuation balance of $750,000 following the passing of her spouse. She owns a family home valued at $1.1 million, which she is not willing to sell, and has $50,000 in the bank with no other significant assets. As she looks towards her future, Marlene is concerned about how to effectively invest her inheritance, ensure it lasts throughout her retirement, and manage her financial needs.

At age 60, Greg and Michelle received a significant inheritance from Michelle’s late mother. The inheritance, which included proceeds from the sale of the family home along with shares and cash, presented an opportunity to enhance their financial stability but also required careful planning. With their retirement approaching, they needed to invest the inheritance effectively while addressing their current and future financial needs.

Mark (60) and Diana (61) are just a year away from retirement, with a well-established portfolio including their family home valued at $2 million, Mark’s superannuation of $1.2 million, Diana’s superannuation of $700,000, a share portfolio worth $650,000, an investment property valued at $500,000 with $350,000 in debt, and $150,000 in cash. After years of hard work and diligent saving, they are concerned about how to efficiently draw income from their investments, plan for transferring their assets to their children, and support their grandchildren’s education.

Kevin (65) and Jillian (62) are a couple in their 60s with a steady income—Kevin earns $160,000 annually, and Jillian brings in $95,000. They own their home, which still has a $175,000 mortgage. With Kevin having $450,000 and Jillian $270,000 in superannuation, they are aiming to retire at ages 67 and 64, respectively. They have no children and are keen to ensure their finances are on track to meet their retirement goals. Their main concerns include paying off their mortgage, optimizing their superannuation and investments, and ensuring they have adequate personal insurance.

John and Suzie, both in their late 60s and enjoying retirement, were increasingly anxious about their financial future. With a combined super balance of $650,000 and drawing an $80,000 annual income, they worried that their savings would run out far too soon. They didn’t want to rely on the age pension, as it wouldn’t sustain their lifestyle, and were concerned about eroding their capital while still hoping to remain close to their children.

David (58) and Sarah (56), both earning $130,000 annually, had diligently saved for retirement, accumulating $625,000 in super and $338,000 in savings.

With no mortgage and a plan to retire in four years, they were concerned about ensuring their savings would last throughout retirement. Their goal was to make their money work effectively for them while avoiding unnecessary risks.

Martin (60) and Sandra (58) are looking forward to retiring within the next two years. With a home valued at $1.8M, an apartment worth $200K, and $1.2M in savings, they want to ensure their wealth is protected and can provide them with $1,500–$2,000 per week until they’re 90. However, they’re unsure if they have enough capital to last 30 years and are concerned about how to invest their savings while suppressing risk.

Shane, a 63-year-old truck driver with a robust annual income of $135,000, has diligently saved $450,000 in superannuation. As he plans for retirement in a few years, Shane is concerned that his super alone may not be sufficient. His home, valued at $1.2 million, is his most significant asset, but he knows relying on his super will leave him financially short. He needs guidance on when to downsize, how much he can spend on a new home, and how to invest the remaining funds to ensure a secure retirement income.