Financial Goals?
- Pay out the balance of their mortgage
- Increase their super contributions
- Holiday – Overseas Cruise for 3 weeks
Stephen and Nicole have been married for 15 years now and have 2 children aged 8 & 6.
They have almost paid off their mortgage (balance $20,000) and wanted to increase their super balances.
Both are quite conservative investors and have not invested any monies outside of their super, preferring to concentrate on paying down their mortgage on their current Melbourne home.
“Stephen & Nicole were able to have the 3 week cruise they wanted for their Anniversary”
What Did Centurion Financial Group Do To Help Them Achieve Their Goals?
- Provided a detailed analysis on their household spending & budget, this gave Stephen & Nicole additional monthly savings which they used to make extra repayments on their home loan.
- Stephen & Nicole compromised on taking a cruise in 6 months rather than straight away to take advantage of a discount cruise that a travel company had. This freed up additional monies to payout the loan.
- Streamlined their super funds which gave them a cheaper fee structure and saved a combined average of 30% in fees per annum and did not have a negative affect or compromise the ongoing service and advice from Centurion Financial Group. By doing this it will help accelerate the clients super balance.
- Reviewed Stephen & Nicole’s insurance needs. Centurion Financial Group ascertained that they were able to decrease their insurance cover; as such a high level of cover was not needed due to the reduction in their mortgage and their children becoming less financially dependent. By reducing these covers and saving money on premiums Stephen & Nicole were able to afford the trauma insurance that they couldn’t previously afford.
Knowing the clients cash flow, the insurance cost was able to be funded from the client’s superannuation fund which allowed them to allocate savings from income to be set aside for future education expenses.
What Can We Help You Achieve?
- Tax – Effective tax reduction structure
- Your risk profile – We find the best investment solutions to suit
- Mortgage and debt elimination – pay your mortgage off faster!
- Superannuation – Performance review of your current superannuation
- Investments – Tailored Specific Managed Funds
- Insurance – Finding the best insurance cover & protection
- Helping you to achieve your lifestyle and retirement objectives as quickly as possible