After nearly three decades in a steady, community-focused careers, these clients found themselves facing an uncomfortable reality: despite their hard work and modest lifestyle, they were significantly short of what they needed to retire comfortably. Fast forward nine years, and their story has taken a remarkable turn. Today, they hold $2.6 million in assets and are on track for a retirement income well above their original goal.
WEALTH OBJECTIVES
In their mid 50’s and targeting a retirement income of $55,000 per year, the clients realised their financial position fell short by a daunting $783,000. They needed a new approach to close the gap quickly.
Strategy Inclusions
Financial Planning
Retirement Advice
Investment Lending
Property Services
Wills & Estate Planning
POSITION THEN (2014)
Total Assets: $317,000
POSITION NOW (2024)
Total Assets: $2,360,000
KEY MILESTONES AND STRATEGIES IMPLEMENTED
NOVEMBER 2014 – A STARK REALISATION
When the couple approached Future Assist, they had no investments in property or shares, relying solely on superannuation to fund their retirement. Future Assist’s Wealth Strategists devised a 10-year plan centred on low-risk, long-term growth. The strategy focused on investments combining strong rental yields with capital appreciation.
JANUARY 2015 – LAYING THE GROUNDWORK
The first step was to establish a self-managed super fund (SMSF) to take control of their retirement strategy. Through the SMSF, they purchased their first investment property in Direk, South Australia, for $320,000. Selected for its affordability and growth potential, the property has since appreciated to $585,000.
APRIL 2015 – EXPANDING THE PORTFOLIO
To complete the strategic plan and maximise their financial momentum, the couple worked with Future Assist’s property team to purchase a second property in Longford, Tasmania, for $235,000. With a strong rental yield and high capital growth potential, this property aligned perfectly with their strategy. Today, it is valued at $430,000.
MAY 2024 – TIME IN MARKET PAYS OFF
For nearly a decade, the clients adhered to their plan with discipline, knowing they didn’t need to worry about the details as Future Assist handled everything, including their annual tax returns. By mid-2024, both properties were fully paid off, delivering stronger-than-expected returns. Their total asset value had grown to $2.6 million, cementing their financial security.
NOVEMBER 2024 – READY FOR RETIREMENT
With retirement now just around the corner, Future Assist remains by their side, ensuring they maintain their strong financial position while fully enjoying the rewards of their hard work and smart decisions. The couple has begun working with Future Wealth Advisory to navigate this new phase of life and has also recently completed a review of their wills and estate planning.
THE OUTCOME
In just nine years, these clients completely turned their financial situation around, going from uncertainty to financial security. They needed $1.1 million in assets to retire with an income of $55,000 a year, but they now have $2.6 million, with a retirement income of $62,000 a year—$7,000 more than their original target, giving them extra funds to enjoy retirement.
Their story shows the power of patience, smart planning, and time in the market. With the right help and a clear plan, even those who start saving for retirement later in life can reach their goals and enjoy financial freedom
Names have been changed but all other details provided in this case study are based on actual client results. While every effort has been made to accurately represent the outcomes and results achieved in this case study, it’s important to note that individual results may vary based on a variety of factors including but not limited to the client’s unique circumstances, goals, and actions taken. This case study is not intended to serve as professional advice or guidance.
