RETIREMENT & LIFESTYLE PLANNING      Baby boomers need to plan their transition into retirement for  Financial Security     Active Health Management  Emotional Wellbeing  Maximum Self Esteem ISSUE - 21 - Summer 2005/2006

Table 1: Current income and expenditure

ANNUAL INCOME
ITEM	You	Your Partner
Net Salary/Wages
Centrelink/DVA Income
Pensions
*Other (interest, dividends and distributions)
Reportable FringE Benefits
TOTAL	A	B
C ANNUAL EXPENDITURE (Joint total A+B))
Item	Amount	Item	Amount
PERSONAL/FAMILY EXPENSES		TRANSPORT
Food		Registration/Licensing
Clothing		Insurance
Gas, Water & Electricity		Petrol & Maintenance
Medical		Car Loan/Lease
Entertainment		Other
Phone, Post, Internet		F Subtotal
Education		GENERAL
Furnishings		Superannuation
Holidays		Life Insurance
Other		Trauma/Disability Insurance
D Sub total		Personal Loan(s)
HOUSING		Credit/Store Cards
Rates & Taxes		Gifts
Insurances		G Sub total
Repairs & Maintenance
Garden		H Total Expenses (ADD D+E+F+G)
Rent/mortgage		I Possible Savings (Subtract H from C)
Other
E Sub-total

Table 2: Assets and liabilities

VALUE OF ASSETS	You	Your Partner	Joint Ownership
Family Home
Contents
Motor Vehicle 1
Motor Vehicle 2
Boat/Caravan
Other
Other
Total (A)
VALUE OF EXISTING INVESTMENTS
Investment Property
Superannuation Funds
Annuities or Pensions
Term Deposit(s)
Shares
Managed Investments
Cash at Bank
Other
Total (B)
TOTAL ASSETS (C) = (A) + (B)
VALUE OF LIABILITIES
Current Home Loan Balance
Current Investment Loan Balance
Current Personal Loan Balance
Current Credit Card Balance
Lease/Hire Purchase Balance
Other
Other
Total (D)
TOTAL VALUE OF ASSETS = (C) – (D)

Table 3: Projecting your income needs

	Current	Future	Five years
A Annual income (joint)		(@ %)
Annual expenses (joint)
B Personal/family
C Housing
D Transport
E General
F Total (Add B+C+D+E)
Possible savings/shortfall (Deduct F from A)
G Total superannuation
H Total other savings
I Potential retirement income sources (Add F+G)

 

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