October 03, 2022

#173: Property Planning Case Study #6 – Listener scenario on the property planning platform! Can we retire in 8 years & live off our portfol

45 minutes

Got a question for the trio? - https://zfrmz.com/uLtjhyBskV96PY6eJfaI https://propertyplanning.com.au/propertyplannerbuyerprofessor/ In this week's episode Dave, Cate and Pete take you through: 1. The conundrum – can we stop work and live off our portfolio before we reach preservation age? This case study follows the journey of Craig and Jane, podcast listeners in their mid-forties who submitted their scenario to the team to unpeel via the Property Planning platform. They have already made some fantastic decisions on their investment journey, such as almost fully paying off their home, and purchasing three investment properties. They were wondering whether they would be able to scale back work or stop completely in 8 years time, which is 7 years before reaching preservation age and live off their passive rental income before they can access their superannuation. Or would they need to sell a property to live comfortably? 2. Their portfolio and goals The property trio discuss Craig and Jane’s goals and their investment portfolio that they’ve worked hard to build - consisting of 4 properties, super and shares. Ideally they would like to be earning $100,000 passive income from their investment properties, to have enough room in the budget for annual family holidays with their two (currently teenage) kids. 3. Modelling the scenarios Four scenarios were modelled for Craig and Jane which is how many each Property Planning platform allows per user, to illustrate their varying options and provide contrasting pathways forward. The trio sink their teeth into the financial outcomes, how scaling back at different ages, working less hours, selling or holding and other factors impact the ultimate financial outcomes in to their retirement years. 4. The power of mortgage strategy The trio highlight the importance of mortgage strategy, as demonstrated in the modelling. A simple change shaves 7 years off of reaching passive income of $100,000 from property. Tune in to find out how. 5. Should I work longer, scale back sooner but work more days, or just stop all together and everything in between? The trio discuss how various pathways for the couples timeframe and amount of working hours can make a significant difference to your bottom line, retirement age, or flexibility age for when you start to scale back your working hours. Learn how these tweaks inside of the Property Planning software can help inform and educate your decisions rather than flying blindly! The surprise twist to make a significant positive change to this exciting, real life case study might surprise our listeners. Visit the show notes - https://propertyplanning.com.au/property-planning-case-study-6-listener-scenario-on-the-property-planning-platform-can-we-retire-in-8-years-live-off-our-portfolio-until-we-hit-preservation-age-ep-173/

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