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Fundamentals of Personal Financial Planning Single Scenario 1 Suzie has come to see you to assess her overall financial situation and to ensure she is funded adequately for retirement. She wants to look at her current super funds to ensure they are working in an effective manner both from a tax and retirement income view. Clients' issues/objectives Client is coming up to retirement and they doesn't know if she has enough money to retire . on Client is thinking about selling her investment property and using the money to put towards retirement funds- she wants to know if this is a good idea Client needs to get her finances in order and feel in control before retirement Client would like to pay off personal loan to her friend. Client Profile Client 1 Client 2 Name Mrs Suzie Jones 19/12/1960 (Age-54) DOB Address 12 Boronia St Jones Hill NSW 2030 Phone Number 02 5566 5566 Employment Employee Position: Retail Buyer Target Salary $85,000 p.a. Dependants/children Jack (25 yrs old) Jill (18 years old) Will/Current Yes, Current Client 2 Client Profile Client 1 Yes, Enduring Power of Attorney&Type $20,000 Annual living expenses (BUDGET) $150,000 (AMP) Superannuation $45,000 (REST) Super Investment Option Balanced Fund Health Average Health Insurance No Smoker No Asset House Car Shares Investment property Description Purchase $450,000 $320,000 $20,000 $10,000 price Current $550,000 $12,000 $20,000 $400,000 value Date 1 Sept 2005 2002 2003 to 2010 Not sure purchased Owner Suzie Suzie Suzie Suzie Liabilities Values Details Home loan $250,000 Westpac Home Loan $250,000 7.5 % interest (P & I) $1800 per month n/a Credit Card $10,000 limit 16.5% interest $25 per month Suzie has a Personal loan to Car loan none Credit cards Citi Bank- $10,000 Other loans $2,500.00 a friend

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