Primary content begins:
A solution for every situation.
We inspire our clients to identify the lifestyle they desire and take action to achieve it. We then form a detailed plan with a strategy that will see them reaching their goals. We continue to work with our clients to keep them on track and informed so they have peace of mind and the freedom to “live the life they want to live”.
- Cash flow management: Helping you balance your day-to-day obligations and responsibilities with your hopes and dreams of tomorrow through effective budgeting, accounting, and banking.
- Tax planning and debt advice: Ensuring that your financial plan and debt are efficiently structured to give you optimum outcomes.
- Investment strategy: Helping you to develop and focus on your specific lifestyle objectives and recommending investment strategies to deliver tailored solutions.
- Retirement and superannuation strategy: Developing an effective superannuation strategy to prepare you for a stress free retirement.
- Insurances: Planning for you and your family’s continued financial protection and comfort in the event of the unfortunate occurring.
- Estate planning: Ensuring that your estate plan will deliver the intended outcomes in a tax efficient and timely manner.
- Succession planning: Ensuring you and your business partners are financially secure throughout the different stages of your business.
- Social security planning: Ensuring that your finances are arranged to give you the best overall outcome with regards to any social security entitlements.
Case studies.
The following case studies demonstrate how a properly structured financial plan (coupled with ongoing advice) can be the difference between reaching your financial goals and falling well short.
Meet Diane and Ken “seniors”
Retirement could be just around the corner. The years of alarm clocks and deadlines are almost behind you, and it will soon be time to enjoy yourself. Naturally, you want to make the most of what you’ve worked so hard to achieve. Ken (aged 65) is about to retire, while Diane (aged 63) has already retired.
The solution:
Ken and Diane are both in good health and realise their investments will need to last a long time. So they decide to see a financial adviser to find out what they should do with their money. After 20 years, they also have investments worth a total of $459,678 after paying for their overseas holiday (in year one) and new car (in year five). After taking into account an inflation rate of 3% p.a., the value of Ken and Diane’s portfolio (in today’s dollars) is $254,512. Given their life expectancy is another 6.11 years for Ken and 8.27 years for Diane, they still have enough money to enjoy a comfortable retirement and provide an inheritance of $100,000 (in today’s dollars).
The outcome:
The first thing their adviser does is help them identify their lifestyle and financial goals. In addition to helping them define their goals, Ken and Diane’s adviser assesses their complete financial situation and recommends a range of clever strategies they hadn’t even considered. By following their adviser’s recommendations, Ken and Diane exceeded their after-tax income goal of $32,000 in the first year When we wind the clock forward, they continue to meet their income needs (i.e.$32,000 p.a. indexed at 3%). Download a detailed case study, courtesy of MLC.
Meet Amy and Scott “thirty–somethings”
When you’re busy with a career or a young family, you probably find you scarcely have time to think about what’s for dinner, let alone worry about securing your financial future. Scott is 39 and Amy 37. They’re married, have a young family and see themselves as “thirty somethings”.
The solution:
Scott and Amy have already built up some assets and decide to go to a financial adviser to see if their money could be working harder for them. However, the first thing their adviser does is to help them identify their lifestyle and financial goals. After much discussion, Scott and Amy agree their primary goal is to be financially independent by the time their children leave home. In other words, they’d like to be in a position where they can live comfortably without having to work. With guidance from their adviser, they decide they will need investments worth approximately $700,000 in 20 years time. Along the way, they will also have some major expenses that need to be met. In addition to helping them define their goals, Scott and Amy’s adviser reviews their budget and assesses their current financial situation and recommends a range of clever strategies they hadn’t even considered.
The outcome:
When we wind the clock forward 20 years, Scott and Amy have accumulated investments worth $1,539,018.This takes into account the money they required for their renovations and new car, as well as additional insurance cover. After taking into account an inflation rate of 3% p.a., the value of their portfolio in today’s dollars is actually $852,117. By following their adviser’s recommendations, Scott and Amy have comfortably achieved their goal of accumulating $700,000 (in today’s dollars) by the time their children leave home. In other words, not only are they financially independent, they have additional money to fund their lifestyle. Download a detailed case study, courtesy of MLC.
Meet Joanne and Tony “baby boomers”
While retirement may seem a little way off, chances are you’ll need to plan ahead to make the most of it. You may also need to think about your smaller goals along the way. Tony is 54 and Joanne 49. They’re married and their children have moved out of home. They both work full-time.
The solution:
The couple would like to retire in around 10 years, So they decide to seek financial advice to ensure they can live comfortably. With guidance from their financial adviser, they determine they’ll need investments worth approximately $700,000 (in today’s dollars) so they can achieve the retirement lifestyle they desire. However, their adviser also helps them identify the other major goals they want to achieve between now and when they finish working. In addition to helping define their goals, Tony and Joanne’s adviser reviews their budget and assesses their current financial situation. He also recommends a range of clever strategies they hadn’t even considered. Their adviser reviews their goals and financial situation at least once a year and makes several ongoing recommendations.
The outcome:
When we wind the clock forward 10 years, Tony and Joanne have accumulated assets worth $1,054,825. After taking into account an inflation rate of 3% p.a., the value of Tony and Joanne’s portfolio in today’s dollars is actually $784,889. By following their adviser’s recommendations, Tony and Joanne have comfortably achieved their goal of accumulating $700,000 (in today’s dollars) when they retire. Download a detailed case study, courtesy of MLC.
Supporting content begins:
The Income Path
- Step 1:
- Discovery Seminar
-
Outcome: The seminar will open your eyes to an exciting way of thinking about your financial future, motivating you to achieve more.
Description: You’ll attend a seminar presented in our state-of-the-art auditorium by one of our qualified financial advisers. Afterwards you’re invited to enjoy refreshments with the Income Solutions team and discuss any of the new ideas you have.
- Step 2:
- The Right Fit
-
Outcome: You will determine whether Income Solutions is the partner you need to achieve your goals.
Description: In a complementary face-to-face appointment we’ll discuss why Income Solutions could be right for you, what you can expect from us and what we expect from you as a client. We’ll also request more specific information to get a better understanding of your current situation.
- Step 3:
- Permission to Dream
-
Outcome: Now that we understand your lifestyle ambitions, we can begin to formulate suitable strategies to achieve your goals and dreams.
Description: By sharing your goals and dreams with us, we gain a clear picture of where you are now and where you want to be.
- Step 4:
- The Big Picture
-
Outcome: You’ll be inspired when we introduce you to a personalised strategy which has been specifically designed to reach your lifestyle goals.
Description: In a face-to-face meeting we present the most appropriate strategies using a range of technology and interactive tools. We will guide you to understand how these strategies will assist you.
- Step 5:
- The Nuts and Bolts
-
Outcome: Receive a formalised document of advice which contains all the information required to make your financial decision.
Description: You’ll be presented with your comprehensive plan.
- Step 6:
- Q&A
-
Outcome: At this stage you should feel relaxed, secure and ready to commit to your plan.
Description: In a one-on-one meeting with your adviser you’ll be given the opportunity to have any further questions you have answered before you sign a document authorising Income Solutions to proceed with our recommendations.
- Step 7:
- Making it Happen
-
Outcome: You’ll feel confident knowing that Income Solutions will provide the necessary support and expertise when implementing your solution.
Description: At this stage you’ll complete the necessary documentation to commence operation of your strategy.
- Step 8:
- The Future Starts Now
-
Outcome: Congratulations! Your future is now secure and you are on your way to enjoying the freedom to live the life you want to live.
Description: We will reconfirm what has been accomplished and discuss the next stages and what you can expect in the future.
- Step 9:
- Staying on Track
-
Outcome: You will feel relaxed and content knowing that together we are doing everything possible to maximise the long term success of your plan.
Description: With regular face-to-face meetings we will review your current situation and make any necessary recommendations to ensure that we keep you on track.
- Step 10:
- Keeping in Touch
-
Outcome: Enjoy the peace of mind that comes with being in-touch, informed and understood.
Description: You will be provided with a tailored ongoing education program through regular communication and special events.
Subscribe to our email newsletter:
Sign up to receive newsletters and other helpful updates from Income Solutions.