presented by Veschetti Crompton Financial Advisors
What’s the Cost of Retirement?
Many people walk into my office without knowing what a financial adviser does. The conversation typically
unfolds like this…
Client:
Adviser:
Client:
Adviser:
Client:
Adviser:
I’m 50 and I have $350,000 in super. I want to retire at 60. I don’t want to risk losing my super and I don’t
want to dip into it too much in retirement.
So you want to retire in 10 years. What income do you think you’ll need to live on?
I don’t know, I’ve never really thought about income when I retire.
Retirement’s all about income. How much do you spend now? What does your current budget look like?
Budget! Are you swearing at me?
Swearing at you, no! But I understand why that word makes you uncomfortable. But you won’t be happy
with retiring until you know what income you need. And you can’t know that without a budget.
Your Budget
Your budget is the critical component that allows me
to design a portfolio to meet your retirement income
needs. It is simply an honest record of your income &
expenses. Here’s a template to get you started:
Monthly Income
$
Monthly Expenses
Salary Tax
Bonuses Mortgage / Rent
Rental Income Car Repayments
Investment Other Loans
Other Income Rates
Your Plan
Your budget is the first step. Our plan to get you the
income you need to be comfortable in retirement also
includes the following elements:
$
Home & Contents
Phone
Internet
Electricity & Gas
Car Registration
Fuel
Total:
Savings
Car Insurance
$
Life/TPD/Income Insurance
Savings Account Private Health Insurance
Other Savings Entertainment
Subscriptions
Groceries
Sports
School
Gifts
Personal Care & Clothing
Other Expenses
Total:
Total:
What is Success for You?
HINT:
Cut out this budget & bring
it to your first meeting!
These days, our pace of life means people aren’t having the important conversations with their significant other/family
members to figure out what financial success looks like for them. The ruinous impact of credit cards on budgeting
and spending means it’s no surprise that most people don’t have a budget or any idea of where they want to be at
retirement. But that’s OK! Our conversation starts with your budget so we can develop your plan and coach you to
improve your probability of success.
So, when you come to see us, come armed with your budget! Follow the link on our website to get started.
CONTACT US
www.veschetti-crompton.com.au
Ph: 4091 4877
Suite 3, 154 Robert Street, Atherton
Veschetti-Crompton Financial Advisers Corporate Authorised Representative No. 464755
Consultum Financial Advisers Pty Ltd Australian Financial Services Licence No. 230323
May 2019 What’s On & Where To Go 15