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Young, hard-working, ready to plan for the future

Jannette is a 36-year-old engineer with a secure fly-in-fly-out career in the mining industry. She earns over $160,000 a year and had amassed nearly $200,000 in superannuation. She grew tired of traveling to her work site and so relocated to reduce the travel burden. Jannette kept her former home as an investment property and was directing surplus cash flow to her mortgage but wondered if it could be working harder for her.

Jannette knew she was in a strong financial position for her age. Recently, she started thinking more about the future. She hoped to retire early, purchase a property to live in, and have a plan to be debt-free within 15 years. Additionally, she wanted to review her existing insurance strategy to ensure it was appropriate and cost-effective.

Planning for an early retirement

To put Jannette on track to achieve her dream, we devised a comprehensive financial plan tailored to her needs and goals -

  • Superannuation overhaul
    Jannette’s existing super fund was expensive, had a bad reputation, and was not invested appropriately for her risk appetite. We recommended a new superannuation fund with investment options better suited to her risk tolerance and stage of life. Her super is on track to support the mid to later part of her retirement.
  • Investment strategy
    We created an investment plan to maximise her surplus cash flow. This plan was designed to optimise her long-term returns while minimising tax impacts today and, in the future, when drawing on that nest egg. Her investment strategy will be integral to funding her early retirement plans.
  • Debt repayment plan
    We provided advice on a debt repayment strategy to balance her immediate financial stability with her long-term goals.
  • Insurance review
    Her insurance premiums had been increasing significantly for years, but she didn’t have enough cover. We aligned her insurance strategy with her needs, reducing premiums while ensuring she had sufficient coverage. This plan guaranteed that her mortgage could be paid off, and her lifestyle maintained, even if illness or injury prevented her from working.

Excited about the future

By understanding Jannette’s unique situation and goals, we were able to provide solutions to optimise her super, maximise her surplus cash flow, and protect her from the unexpected. Her plan has been optimised to reduce the impact of tax now and in the future. Jannette’s story is a testament to the power of tailored financial advice. She is excited to have a clear path to an early retirement and extensive travel.