Case Study 4: Advice on Transition to Retirement
John and Judy are a married couple in their mid to late fifties who live a comfortable lifestyle and have accumulated assets, including their home, of over $2.5 million.
John is a well paid economist and wants to ensure that their arrangements are set up to maximise their retirement income and assets into the future.
Your savings
- IFFP financial plan fee: $2620
- IFFP annual review fee: $880
- Fees charged by IFFP over 5 years (initial plan plus reviews): $7,020
- Fees charged by retail commission remunerated adviser: $49,882
- IFFP saved $42,862 in fees compared to advice from a retail commission remunerated adviser
- Net value delivered by IFFP: $220,641
- Net value delivered by retail adviser: $118,728
The difference in net value over 6 years delivered by IFFP is $101,913 more than the value delivered by a retail commission remunerated adviser.