YOUR FINANCIAL JOURNEY
Financial Windfall Advice.
Financial Windfall Advice
I have recently inherited some money, how best do I manage this?
We have recently come into a lump sum from an inheritance and want to ensure we manage this effectively and really allow this to help improve our financial position. We would love some advice on these concerns:
- Are you better off paying off our mortgage or investing the surplus?
- What investments would be best suited for you?
- Should you contribute more to super? If so, how much?
- How will this positively impact your retirement plans? Does this money allow us to stop working sooner?
After arranging a meeting with our team, we have been able to provide clear advice and guidance around:
- The benefits of paying down a home loan versus the benefits of investing the inheritance.
- An overview of potential investment options based on their preferences, along with discussions around investment risk and returns.
- Understanding the contributions rules around superannuation.
- Projection of their future financial position and analysis of their retirement funding position.
- Understand if early retirement is possible
I’ve sold my business, what should my next steps be?
After a recent business sale and a large cash sum, our client is looking for advice around how best to manage this large amount, ensure the right decisions are made and ensure financial stability. A meeting with our adviser has identified the following queries:
- How do I best manage / utilise this money? Will I need to work in some capacity moving forward, in order to continue funding my current lifestyle?
- I’m not sure if I will work again, if I don’t, how can I ensure I have regular income that I previously received from my business?
- To avoid boredom, I’d like to give back and consider volunteer or mentoring work.
- I have ideas for a new business or investing in a business, can you help identify potential risks?
- How can I ensure that this money helps support my lifestyle and fund my retirement further down the track?
After a meeting with our team, our client now has clear direction around:
- A new business idea and how best to financially support this.
- Business start-up costs planning, and investment of the capital to help fund lifestyle and reduces the pressure on the new business.
- Funds required to support future and a comfortable retirement in the later years.
- Work life balance that allows for lifestyle activities and business support.
- Lifestyle spending v. investing in the new business to ensure adequate funds to support both.
