8/8/2019 Walter Gannon

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WALTER GANNON(36)

Dependents: Larissa (6), Chloe (8)

Income $42000pa + 9% Super Part-time for 7 years(until Larissa (6) is 13)

Then probably $63,000pa + 9% Super Full-time for 22 years

(From age 43 to 65)

Retirement Age: 65, requires $40,000pa for retirement life.

HOME: $520,000, outstanding: $220,000

Monthly payment: $1438 (interest 6.15% Variable over 25 years)

CAR: $32,000 outstanding: $22,000

Monthly payment: $540

Account Balance: $412,000 (including payment from Patricias super)

+ Patricias CAR: $10,000 (Current Market Value)

Blue Chip Share: $40,000 (Current Value)

Fixed Term Deposit: $5,000 (matures next week)

University Cost: $80,000 (For both Daughters)

Secondary Education: $35,000 ($3,500 per student per years for 5 years) LocalIndependent School

Currently in public school

Living Expenses: $23,400pa ($450 pw)

Bills: $4,000 (including insurance, registration)

Annual Holidays: $1,500pa (North Stradbroke Island)

Superannuation

Current balance: $110,000

Life and total permanent disability insurance cover: $300,000

Income protection:75% of his monthly income