YOUR FINANCIAL JOURNEY
Financial Windfall Advice.
Managing an Inheritance
I have recently received an inheritance. How best do I manage this?
Receiving a lump sum of money from an inheritance presents an opportunity to improve your financial position. Here are some key decisions that we can help you address:
- Mortgage vs. Investing: Are you better off paying off your mortgage or investing the surplus?
- Investment Choices: What investments would be best suited for you?
- Superannuation Contributions: Should you contribute more to superannuation? If so, how much?
- Retirement Impact: How will this windfall positively impact your retirement plans? Can this money allow you to stop working sooner?
After arranging a meeting with our team, we provide clear advice and guidance on:
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The benefits of paying down a home loan versus investing the inheritance.
- An overview of potential investment options based on your preferences, including discussions on investment risks and returns.
- Understanding the contribution rules around superannuation and the associated tax benefits.
- Projections of your future financial position and analysis of your personal balance sheet over time.
- Determining if early retirement is possible, or desired!
