cash income growth cashincomegrowth what emergency funds do you need? retain emergency fund what...
TRANSCRIPT
Cash Income Growth
Cash Income Growth
What emergency funds do you need?
Retain emergency fund
What capital expense requirements do you
have?
- Renovation?- New car?- Holidays?
What are the income sources that fund your
cost of living?
Salary Rental home
Income stream
Dividends/distributions
Social security
How is this income managed?
- Cash reserve facility?- Mortgage account?
How will you achieve your income needs for
the future?
Cash?Fixed Interest?
Property? Shares?
Are your assets diversified?
Cash Income Growth – Retiree case study
Cash Reserve Income Growth
Macquarie Cash
Management Trust
(Joint)$25,000
NAB Term Deposit
(Joint)$50,000
Drawdown of $600 per week for living expenses
CBA Bank Account
(Joint)$5,000
ING OA Allocated Pension
(Client)
$150,000
Income of $7,500 per
annum
ING OA Allocated Pension
(Partner)
$200,000
Income of $10,000 per
annum
Centrelink - Aged
Pension
(Joint)
Income of $24,000 per
annum
ING OA Personal
Super Plan
(Partner)
$150,000
CFS FirstChoiceInvestment
(Joint)
$50,000
ING OA Allocated Pension
(Client)
$150,000
ING OA Allocated Pension
(Partner)
$200,000
Cash Reserve$80,000
Net income of $41,000 per annumafter tax liability of $0
Growth$550,000
$7,500 $10,000 $24,000
Cash Income Growth – Accumulator case study
Cash Reserve Income Growth
Salary
$150,000
Managed Funds
$5,000
Investment Property
$20,000
$170,000 assessable income $5,000 $20,000
Mortgage account (redraw/offset)
Super
$100,000
Managed Funds
$100,000
Investment Property
$500,000
Salary sacrifice $5,000 per annum
Debt recycling $15,000 per annum
Everyday account/
Emergency fund
$5,000
$1,000 weekly drawdown for living expenses
DebtOriginal $X Current $X
Salary CreditingDebt Recycling
Tax payable
$X
Income Protection
WealthOriginal $X Current $X
Non Preserved growth
for liquidity
Retirement Original $X Current $X
Preserved Growth for retirement
Life/TPD
Trauma