We're looking for a good financial advisor to help sort our finances so it works best for us as we move into retirement. My husband is 60yrs (semi retired) and I'm 55yrs (working). We own our own home, have 4 investment properties (2 in NSW and 2 in SA) plus another property overseas. We have $650,000 in a savings acc earning minimum return and we need this to be properly invested. I have $160k super in a industry fund plus we have our own SMSF with $35k. Any recommendations?

Hi Tracey,

Sounds like you have a lot going on.

I’d me more than happy to help you sort out your finances to put you in the best position for retirement.

I am based in Melbourne but have clients right across the country. The beauty of the phone, internet, email & Skype means we are never really too far away.

Happy to have a chat with you over the phone initially to get an understanding of how I may be able to help.

You can request I contact you through here or email me at james.wrigley@firstfinancial.com.au phone 03 9909 5826.

Hope to be able to help.

Regards
James

Hello tracey,
you are financial planners dream come true!!!! Make sure you are super happy with the advice and the ADVISOR before you sign up to anything. I am sure the bank where your cash is tied up has been on your case trying to get you signed up with a statement of advice and all sorts of other stuff, sometimes planning advice offered by banks has not taken into account much more than an immediate investment strategy

You will be well advised to consider your whole situation, taking into account investment, retirement, income tax and other issues.

You also have a heap of other issues in addition to your immediate investment question: retirement planning, estate planning, even wills probably need looking at. The fact that you have a fleet of investment properties tells me that you have a massive capital gains tax headache waiting to hit you, so you need to plan on how to manage this and minimise the taxation headaches whilst allowing for the best and most flexible retirement strategy that allows you to enjoy your retirement.
happy to talk tax any time, bpc@bpcaccounting.com.au or 02 4399 1833.

regards

Brendan

Hi Tracey,
Well done on getting this far on your own!
I agree, you should switch your accounting to Brendan and get James to look at a 25 year plan for your finance needs.
I’m neither so this is just my opinion, I would invest a sizeable chunk of your cash in a handful of growing, dividend paying shares in the name of the lower income earner and utilise the Super contribution limits to add to your Super Balances with the rest.
Assuming you have some debt on the investment properties, you should look to make them cash flow positive before you retire as your Super isn’t going to provide much income given the current balances. This may mean selling one to clear debts in the financial year after you retire.
A really good long term strategy will see your wealth last you well in your twilight years and still leave something behind if you wish to.
Best of luck with everything
Cheers
Scott

Hi tracey,

give me a call 02 4399 1833. happy to chat:)
(if you have already done this, please have another crack!! I will keep my eyes open for an email from this site.)
cheers
BC