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Book a FREE consultation
and receive your complimentary eBook

Get started with a free strategy consultation and receive a copy of the Good Fortune Guide – written by James McFall, Managing Director Yield FP and 2020 National Finalist Certified Financial Planner of the Year to help educate you on your Financial Plan.

Investment Strategies for Retirement

Investment Strategies for Retirement – Free cash-flow and realising property goals

Results

A professional couple in their early 50s sought property planning advice and investment strategies for retirement to improve their financial position. They wanted to either renovate their current home or purchase something of higher value in the next two or three years to eventually purchase a holiday home. They also wanted to create a regular investment strategy with their strong saving capacity. This resulted in

$2,577,374 est. value of net financial position at 65

3 years sooner than expected in buying their holiday house

30% more super at 65 than on current trajectory

Meets all of their stated goals and objectives

Overview – Property Investment Strategies for Retirement 

Our review analysed all options and illustrated the possibilities of their ability to purchase property. We found that simply renovating would put them in a position to buy the holiday house in 5 years, whilst purchasing a bigger property would push this out to 8 years.

  • Our in-depth review illustrated detailed financial projections on the couple’s options and the potential position they could be in now and in their retirement
  • We identified a variety of financial strategies that could substantially improve their position in retirement.
  • These were maximising concessional super contributions, co-contribution, spouse contributions, establishing a regular investment strategy for retirement and debt reduction advice.

Outcomes – Properties in retirement

Our advice indicated that when the couple are at age 89, they would have around $3.97 million in financial assets if they chose to renovate, and $2.48 million if they upsized. This improvement compared greatly with their original plan to only upsize which would have meant their financial assets would be completely depleted then, meaning they would have to downsize or sell their holiday house. This highlights the benefit of getting their money to work for them early with investment strategies for retirement, rather than holding these funds in cash.

The following graph illustrates the estimated net financial asset drawdown from the youngest client aged 60 to 90, contrasting the long term implications of the choice to renovate vs upsize their residence.

Produced with our client’s permission

Important Note 

Any information provided here is general advice only and does not consider your objectives, financial situation or needs. This information should not be taken as comprehensive and does not constitute legal or financial advice. You should seek legal, financial or other professional advice before relying on any content. Yield Financial Planning is not responsible to you or anyone else for any loss suffered in connection with the use of this information. Information is only current at the date initially published.

 

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