Meet Sam & Trish

Sam and Trish have been clients of Snelleman Tom for a number of years.  With retirement seeming closer than ever and still feeling the aftermath of the Global Financial Crisis, Sam came to the team with a couple of questions:

1. Are we still on track?
2. When will I be able to retire? 
3. How much will I need to have accumulated to be able to retire on the income I require?

Firstly, as Sam has been a client for a number of years, it is clear strategies such as Transition to Retirement and a Self Managed Super Fund have been put in place to ensure he will be on track to retire.

Secondly, when he will be able to retire totally depends on a couple of factors.  Sam could retire now if he wanted, but ensuring that he has the financial resources is only one of the reasons that he goes to work, it also depends on his enjoyment of the work, his health, leisure, relationships and his home.  Our assumptions indicate that if Sam worked for an extra few more years, this would considerably reduce the risks of whether he would have enough assets to retire comfortably.

Thirdly, the accumulation process began over time and includes a Unit Trust, a Family Trust, a growth portfolio, superannuation and personal contributions, investment properties and other investments.  One tool Snelleman Tom uses, is called a Wealth Track, that allows the team to view year on year how all assets and liabilities are tracking and shows that Sam and Trish are on track to retiring on the income that will satisfy their lifestyle. 

Snelleman Tom has assisted Sam and Trish prepare as best as possible in this ever changing world by:

• Having a solid, long term financial plan in place
• Yearly meetings to revisit and focus on their retirement goals
• Insurance cover to protect in case of uncertainty  

* Name has been changed for privacy

Contact Snelleman Tom to discuss your future today