Patrick & Lauren engaged my services about twenty years ago. Their main concern was if they would have enough money to sustain a comfortable retirement.
My innovative advice P.A.S.S.P.O.R.T process involves deep strategic planning where I leave no stone unturned. I had an in-depth knowledge of my client’s financial situation. In the case of Patrick & Lauren I was able to assess their full financial situation and was able to detect that they were not maximising the use of their resources and fell short in some of the areas – in particular wealth protection and mortgage reduction.
In the last 20 years, Patrick & Lauren were able to build an additional asset, their SMSF which is now worth over $1 million. As they now enter retirement, Patrick & Lauren draw about $50,000 per year from their SMSF to augment their Commonwealth Super pensions.
Alongside this asset I helped them pay off their home loan several years sooner, pay for their daughter’s university education and set up personal insurances.
They were fortunate as Patrick received a trauma insurance payment of about $100,000 when he was diagnosed with prostate cancer. This lump sum was used to pay for medical expenses and protected their financial position a few years ago.
The client’s long-term commitment to their financial plan made all these successes possible.