Superannuation and Retirement Planning

Running head: SUPERANNUATION AND RETIREMENT PLANNING
Superannuation and Retirement Planning
Name of the Student:
Name of the University:
Author’s Note:

1
SUPERANNUATION AND RETIREMENT PLANNING
Table of Contents
Section 1..........................................................................................................................................2
Section 2..........................................................................................................................................3
Section 3..........................................................................................................................................9
Section 4........................................................................................................................................10

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SUPERANNUATION AND RETIREMENT PLANNING
Section 1
Me: Hi Mr. Nathan. It has been a while that we last met.
Nathan: Yes
Me: In our last meeting you said that you had certain queries.
Nathan: I as well as my wife have been having certain issues regarding the advices that have
been given and therefore wanted to meet you in person.
You: I am aware of the same and therefore have come to meet you. I know that you have to
travel a lot for your profession and therefore you have a hectic schedule.
Nathan: Yes, that I have to but due to my friendly nature I don’t get tired much.
You: Being a sales representative, you are well aware of the cost benefit trade-offs and therefore
you are well aware of the uncertainties that are present in the market.
Nathan: Yes I am aware of that.
You: Well, then let’s not wait further and commence with the issues that are existent so that we
can discuss over the same and resolve the queries. It has to be noted that all the advices that have
been given has been in relation to your family and your retirement planning. Therefore, I would
make sure that the plans and policies are constructed in such a manner so that all your future
strategies are fulfilled. We shall even have a discussion about your wife and her future income
and plans as well so that a safe and comfortable future life will be achievable.

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SUPERANNUATION AND RETIREMENT PLANNING
Section 2
You: Initially it is essential to have an understanding of you and your family so that all the
aspects can be covered in a precise manner. It is known that there has been a rise in the cost of
living all over the world and therefore maintaining the lifestyle and the standard of living has
become essential. I would therefore like to know your aims and objectives so that I can record
them down and accordingly it would be better for me to construct plans and policies with the
help of which I can provide you with effective consultations.
Nathan: I love your attitude and therefore I have fixed this meeting so that all these issues can be
fixed. I would primarily would like to let you know that I work in a private organization and we
have a small child. My wife and I have the main aim of establishing our child and therefore we
are planning to save so that we have sufficient money with the help of which we can educate our
child. The other issue that we have in mind has been to save sufficient assets and money with the
help of which we can have a stable life even after retirement. We are well aware that expenses
will rise as we grow old as our medical expenses would rise. It is due to this fact that we want a
savings plan with the help of which we can incur all the expenses and even have some money in
hand with the help of which we can live a happy life.
You: This is the common goal for most of the middle aged couple. We can plan for the same.
However, for that to happen I need to know the costs and the income which you face along with
your health and certain personal information. I even need to know the current savings that you
have and what other investments have you made so that accordingly suitable plans can be
constructed.
Nathan: I would like to share all the details. However, it is of primary importance that all my
information remains confidential.