Are you cruising towards retirement or already enjoying it? Working with us can help you navigate those tricky pre-retirement and retirement waters. We are all about making your retirement dreams a reality, handling your cash and investments, and making sure the taxman doesn't get more than their fair share. We’ve got your back with Wills and insurance too. Say a ‘curveball’, like a sudden market drop hits, or the sudden loss of a parent occurs, we'll be there to adjust your plan making sure you remain on track. That way, you can relax and enjoy retirement, knowing your finances are in good hands.
Our specialisation in pre-retirement and retirement stages offers an invaluable service by guiding clients toward realising their income-based goals for a secure retirement. We meticulously analyse each client's unique situation to develop a customised plan that encompasses investment management, tax planning and estate planning, all with a keen focus on creating reliable income streams.
The service extends to navigating the complexities of superannuation, ensuring clients optimise their benefits and can strategically withdraw funds when required in a tax-efficient manner. We also advise on diversifying investments to mitigate risks and maintain consistent income levels. As clients transition into retirement, the ongoing advice adjusts strategies to adapt to life's unknowns — such as health concerns or family obligations; while keeping sight of long-term income objectives.
By fostering a collaborative relationship with our clients, Luka Financial ensures that every aspect of your financial plan is aligned with achieving and sustaining your desired retirement income. This comprehensive approach not only aims to meet immediate financial needs but also secures a stable and prosperous future for retirees.
What’s Involved - Onboarding
The name says it all, this is for those turning the corner on 50 and retirement is a niggle in the back of your mind or retirement is 2 years away and you are not too sure what is next and how to plan for it and everyone in between.
Fees: Starting from $4,400 for singles and $6,600 for couples
Goals Planning: the goal is retirement but there are things sometimes before this and during retirement that are specific to you and your family. We will help put pen to paper and detail those goals into a timeline that we can start to work towards. This can be simple but deserves to be personalised to you.
Superannuation/Pension account and strategy review: we will make sure your superannuation/pension and the underlying investments are the right ones for you. Then make the most of what you have with a straightforward contribution and/or pension account strategy.
Insurance product and strategy review: for some, insurance is no longer require and for others, it is most imperative in the later years. With a detailed analysis of your needs, we advise on the right product and strategy mix while keeping premium costs in mind.
Cashflow Plan: the kitchen table is at the core of anyone’s cashflow plan. We get to know the ins and outs of the ‘kitchen table’ and help tweak it with a simple to follow plan to make sure a dollar isn’t being wasted and you maintain a comfortable emergency buffer.
Retirement Income and Asset Projections: this works in conjunction with your goals planning and the initial advice and strategies. We provide detailed projections to show you what your expected level of income in retirement can be at certain ages and estate value at life expectancy.
Detailed Estate Plan: thinking about what happens after you pass or become incapacitated can be a bit scary. Starting with a clear family tree so we know where everyone sits, we work with you to ensure your current arrangements are up to date and align with your and your family’s circumstances. We can provide these details to your solicitor or help arrange one to get the right documentation in place.
Our Advice Process
Engagement
It all starts with the first meeting, you can book this via our website and pick a time and date that suits you. You will receive a confirmation email with some important documents to read over and a link to our initial questionnaire for you to complete before our meeting. This will gives us a brief overview of your circumstances so we can prepare and get into the nuts and bolts of it with you.
4. Research and Development - 2-4 Weeks
Our initial plan begins by evaluating possible alternative strategies to determine which is appropriate to your needs and financial goals. From there, we deep dive into the products and strategy mix, working towards your goals as our guiding post; and wrap it all together in a Statement of Advice that details all the ins and outs, benefits, implications, fees and steps involved.
2. Initial Meeting - 2 Weeks
As a formal ‘Hello’, during this 1 hour meeting we will have an in-depth discussion about your financial goals and circumstances. We will have prepared some initial projections and strategy ideas to discuss, and will answer any of your questions. After this, we will confirm the scope and fees for the year. You will have the option to engage or think more on it. When you engage us, the fees will be charged monthly and commence the following month.
5. Advice Presentation
Depending on the complexity, we may deliver the advice in stages, focusing on the most important area first and then moving to the next.
Together we go through each recommendation in detail, explaining each of the benefits and the implications of the advice. We aim to provide you with information and educate you about the strategies and products recommended, so you not only know but understand the ‘What’ and ‘Why’. Because at the end of the day, it is your money and retirement and we are advising on how to manage it.
3. Goals. Super and Everything else
After the initial meeting, we will begin getting a rundown of your existing products which may take a few weeks to complete. We then organise a follow-up meeting to talk through the particulars of your circumstances, plan out your goals, review your investment risk tolerance, and any other details we need to get started on a plan for you.
6. Implementation
Once you are happy with our recommendations, we put it to work. We will pull together the paperwork and complete the implementation for you. There may be a few things for you to do but we will take care of the heavy lifting.
Luka Financial Pty Limited is a Corporate Authorised Representative (No.441690) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. Australian Financial Services Licence No. 223135.
Capstone Financial Planning Pty Ltd
Level 1, 607 Bourke St, Melbourne VIC 3000 Ph: 1300 306 900 Email: info@capstonefp.com.au www.capstonefp.com.au