How did we help our very recent clients we have been asked twice this week?

How did we help our very recent clients we have been asked twice this week?

1.       ‘John’ we helped by consolidating his two supers & adding 1 m life cover as he has 4 young children to two different partners. As he is starting his own business he doesn’t have the cashflow to fund the premiums & hence his super equity will do so for some time.

2.       ‘Ann’ who is 57 we helped by  converting into a pension fund with a 15% taxx rebate  & allowing her to build capital in a zero taxx environment & constructing a portfolio for her from her lazy super which had been in cash since the GFC. Her new additional income is to be used to reduce debt on the rental property but it could be used to build up more retirement  capital in super.

3.       ‘Charles’  wanted to extend downstairs so that his 24 year old son had his own space. We have been building a portfolio from the equity so that Charles switches his debt into deductible debt. Charles who now has grandchildren wants to create an estate for his two children & currently 1 grandchild & we created an instant 500,000 estate with  level insurance to age 70.

4.       ‘Douglas’ who is also 57  used his portfolio dividends to reduce his margin loan by 70,000 & his now deductible mortgage. He has two supers which need to be optimised from a 15% taxx environment into a Zero tax pension with 15% taxx rebate. He needs  funds to support his daughter @ uni & fund his Merck.

5.       ‘Tyler’ wanted income protection as he had just finished his trade & wanted cover to provide an income to meet his mortgage & meals if he is disabled. He also contrary to our advice bought a brand new Ute as one does at that age of 21. How much did he lose when he drove it out of the yard?

6.       ‘William’ we have been counseling to complete his will & enduring power of attorney since he had a recent stroke whilst travelling overseas. We have reminded him of the 16.5% estate taxx that his estate might pay & these are not easy discussions.

7.       Let’s not forget ourselves. We were propositioned  by WOW to consider Life insurance from  their direct call centre. We asked for a quote for 500,00 & yes it was 578.75p.m. after their 10% discount. We immediately went to our own website www.johnmcauliffe.com.au  & which you can do also & mine was 412.83 through a major company. Yes a savings of 165.92p.m. or 1,9910 p.a. we could use that in many other areas. Rachel said it would take only 3 minutes to answer the questions. The major company needs a multi page application form & maybe blood tests & doctors reports. However they won’t debate the claim after they accept it as WOW or its insurer might.

8.       P.S all middle names.

 

We could continue but we trust this might help you to help yourself by contacting us now on 07 3848 1088 or email or our website

We simply do for you what we would do for ourselves if we were in your financial position.

You are different from everyone else & you need to discuss this over lunch with us.

 John McAuliffe

Have you planned your next trip?

What trip?


We have just returned from a very successful trip which started off with a four day conference. The conference was in itself very successful & would have achieved our dealer’s goals.


The planning included a great location Queenstown, speakers from various firms & meeting those with a similar calling of helping you plan & achieve your financial goals. The conference had as a major theme planning for our own businesses.


We recall from our introduction to our calling in the eighties ‘if you fail to plan ,you plan to fail’.


The conference was hugely successful due to the hard yards from Teresa in the planning stage. The conference planning would have started two years ago after the last very successful conference.


So to our trip. As Margaret yesterday said of her own different trip, a cruise, ‘the whole trip was great’.


We had as parameters a start point of a conference & an end point the school holidays. It may as well be spent travelling & touring & planning a necessary break from news & markets & silly details. It was great not watching the news or TV or reading emails & being oblivious to what was happening in ‘Wonderland’ & the Red Queen.


It worked & as cousin priest Geoff said it was ‘rejuvenating ‘. Although we had Planned & created a day by day itinerary there were surprises around every corner & most hours & we maximised the moment.

We do advocate trips away from the everyday to rejuvenate you.


Planning does that. It minimises the downside & forces ‘accountability ‘as Tony at the conference stated.

All businesses have a plan & if they want a loan or raise funds then they certainly do.
Business do a SWOT analysis. Strengths, Weakness, Opportunities & Threats.


Last night we played our usual weekly tennis doubles & the subject of proposed super changes came up. What was interesting was the other three who have retired were earning 100k from their supers & hence there were three of the suggested 16,000.

How did they get that sum of say $2,000,000 in their supers when they were also bring up families of four?


We suggest that they planned 40 years ago as Compound interest certainly helps. Yes their occupations & education also helped.


We were very pleased this week when Roger sent in his monthly cashflow HW that he asked what should his daughter do now that she is at uni & earning some income?

Yep in the 20’s is the time to do some self education & planning.

We don’t regret buying WBC @ 3.05 in 1979. When we went to the library in 79 to learn about shares there were no books on the subject back then. Yep true.


We spoke to Ann whose birthday is today. She is very excited about her trip to Alaska in 2 weeks. Why not when she has been planning it for a year.


We all have different destinations to go to & hence we all have different plans.


We just need to start or if we have we need to measure & benchmark our progress.

Where do you start?


‘If we were having this discussion in 3 years time & we looked back to today, then what do we need to do today that would make you feel you had made financial progress?


Simply ‘what is your Number 1 priority?


We travelled last week to visit ‘William’ who has spent the last 3 months on his back after a stroke. He had his insurances to enable his escorted flight from overseas & now in rehab. The next step in planning isn’t exciting but it is necessary.


E.g. lets complete the will & enduring power of attorney, & be very aware of the taxx on super to non dependants. Lets prepare for other ‘what ifs?’ Yes some details are hard to agree to.


As an email sent today said
‘Generally, aim to leave it to your spouse, your children, your grandchildren, and your extended family or to charity and not to the Australian Tax Office, your former spouse or to lawyers.


When we drove down the motorway we observed that all drive at the max 110k p.h. & there is now only a one second time gap between cars.

It only requires one blink. Claudia today mentioned her experiences on the motorway when a tyre blew out. She also mentioned what happens if you ‘collect’ 12 demerit points. How do you pay your mortgage then?


Is it only us who observe that many have a P plate. Do they want to go back and live with their parents?


If you have the mishap on the motor way then see us before the event. Ashley did from behind & he commented he could see it happening in the rear vision mirror but fortunately only the car need to be repaired.


If you don’t vote for the Black Duck then why are your funds in an industry fund & you see no one.


If you are over 55 then there is a strategy for Zero taxx within your super & maybe for debt reduction & building more capital.


Lets create a model portfolio for you with your goals & concerns in mind.


Peter this week described our lunch sushi as ‘beautiful’ & call us on 3848 1088 or email us or visit our website.


‘There is only one way and that is forward. It is how we go forward that needs to be discussed, debated and planned’. Jack the Insider.


Adam Scott has just won the Masters & we observe why.

His father is a golf professional, he thanked Greg Norman at his interview, he turned pro @ 19 which is 13 years ago & finally his NZL caddie has carried Tiger’s bag for 14 majors & the caddie’s father was also a professional caddie.


It doesn’t just happen.


Now could be the time to plan before June 30th the end of the financial year.