$80,000 passive income portfolio for retirement (full case study) | [3/4] Selfwealth LIVE

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Selfwealth LIVE is back for episode 3 of our Passive Income mini-series featuring Wattle Partners Financial Planning's Drew Meredith and Jamie Nemtsas.
Joining your Selfwealth LIVE host, Owen Rask, Drew & Jamie will dive into a full case study, explaining how to generate $80,000 of passive income from a portfolio for retirement.
Say G'day to Wattle Partners 👋
This month, Selfwealth LIVE is brought to you by Wattle Partners Financial Planning. Servicing clients all over Australia, Wattle Partners are leaders in advice for retirees -- whether you're nearing retirement or already in it.
The Wattle Partners team, led by Drew Meredith and Jamie Nemtsas, have decades of experience in passive retirement income, professional investment management, tax optimisation, Superannuation and estate planning. Click here to get in contact with Drew, Jamie and the team at Wattle Partners: bit.ly/3Zbthe3
FULL CASE STUDY
Cathie (57) and Wood (61) live in Ashmore, Queensland in a 4-bedroom, 2-bathroom house. Wood is a Physiotherapist, earning $120,000. He loves the Brisbane Lions in the AFL and spends his weekends watching their two boys play sports. Cathie is a software engineer who works 7 days of night shift every fortnight as overnight support for a global technology company. She earns $135,000.
Financial picture
Assets 📈:
Wood’s Superannuation: $350,000
Cathie’s Superannuation: $460,000
House in Ashmore: $1.5 million
Investment portfolio of $210,000:
LICs - $50,000
Magellan ETF - $25,000
BHP - $25,000
CBA - $25,000
ETFs - $85,000
Cash & TDs: $65,000
Offset account: $20,000
Liabilities 📉:
Mortgage: $350,000
Credit card: $18,000
Two boys (17 & 19) - both living at home, for 1-2 more years
Car loan: $55,000
Other 🚗:
Current expenses are ~$6,000 per month ($72,000 per year)
Adequate insurance is held inside Super
Wood is an only child and could be expected to inherit $300,000 in 5 years
Goals 🏆:
They’ve heard they could retire and earn a passive income of around 4% per year, after inflation.
They’re hoping to earn between $70,000 - $80,000 in income (today’s dollars)
Both want to retire between 64 and 67, debt-free (that’s ~5-10 years)
They don’t want to move or sell their house, but would be open to downsizing after retirement or once the kids have moved out
Wood is growth-focused so he is less concerned about capital loss than Cathie - she is a lower risk investor
Cathie & Wood would like to spend 4 weeks per year on a holiday, locally and internationally after 60 (i.e. every other year they go to Europe, NZ, etc. - not lavish, but comfortable)
Cathie would like to build wealth outside of Super and the house, Wood likes the tax-advantaged status of Super
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RESOURCES:
Email Drew or Jamie at Wattle: bit.ly/3Zbthe3
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Find Owen on Twitter: / owenrask
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Important Disclaimer: The views expressed in this livestream are solely those of the presenters and expert guests, and do not necessarily reflect the views or opinions of Selfwealth.
Important disclaimer: This video contains contains general financial advice only. That means the information has not taken into account your needs, goals or objectives, so you should not act on the information until you have spoken to a licensed and trusted financial planner. Owen is the Founder and Director of The Rask Group Pty Ltd (ACN: 622 810 995), which is a Corporate Authorised Representative of No. 1280930 of Wattle Partners AFSL: 383 169. Please refer to The Rask Group's financial services guide (FSG) for more information at www.rask.com.au/fsg
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