Baby Boomers
My name is Lynette and I am a Relationship Manager with Premium Finance Services and started work with Premium in September 2005. My job is both challenging and varied and I would have to say I have never had a position that offers so much job satisfaction. I particularly enjoy assisting my contemporary’s, “Baby Boomers”, to increase their asset position and become self-funded retirees. We all know the predicament 90% of our parents are in today, and that is trying to exist on the aged pension with a soaring cost of living. Unfortunately Superannuation came in a bit late for a large portion of “Baby Boomers’ and so we are in a situation whereby we know our Superannuation.is not going to sustain us in retirement and it is likely that the Aged Pension could be phased out because we are an ageing population. So what do we do ? – bury out head in the sand or increase out Lotto contribution ? No we make a plan and invest to increase out asset position so that we can retire being self-funded and not dependant on the welfare system.
I urge all “Baby Boomers’ to take stock of their financial position TODAY. Is your mortgage the right structure for your needs ? Are you still in that mind-set whereby you think by paying more to the bank in repayments you will own your home quicker. Don’t you think the Banks are wealthy enough ? There IS a better way !! . Clients I had last week Maree & Mal, are planning to retire in 8 years, aged 65. Unfortunately they still had 13 years to go on their home loan, so they had a real problem. I refinanced them into a better loan facility and now they will own their home in 6 years and are actually paying less to the bank then their original payments, thus putting the saved part of the repayment into an investment strategy and making their money work harder for them. No, they didn’t have to change their current lifestyle !!
If you know your superannuation will run out after a few years in retirement – DO SOMETHING about it TODAY.
Tags: Brisbane, Melbourne, Premium Finance, Premium Finance Services