Part 2: A case study Assume: You are a financial adviser and are approached by a married couple, Keith and Patti Richard

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Part 2: A case study
Assume: You are a financial adviser and are approached by a married
couple, Keith
and Patti Richards. Both are 70 years old and Australian citizens.
The following
information is an extract of data you gathered as part of the
fact-finding exercise
during an initial client consultation with them:
The couple has approached you for an understanding of their age
pension eligibility.
They have the following assets. Calculate their entitlement for the
age pension.

Assets Amounts
Home $600,000.00
Home Contents and cars $65,000.00
Investment property — net rental income of $10 000
$320,000.00
Bank account —interest rate of 2% $110,000.00
Term deposit — interest rate of 3.5% $270,000.00

Calculate their entitlement to the age pension. Part 2: A case
study
Assume: You are a financial adviser and are approached by a married
couple, Keith
and Patti Richards. Both are 70 years old and Australian citizens.
The following
information is an extract of data you gathered as part of the
fact-finding exercise
during an initial client consultation with them:
The couple has approached you for an understanding of their age
pension eligibility.
They have the following assets. Calculate their entitlement for the
age pension.

Assets Amounts
Home $600,000.00
Home Contents and cars $65,000.00
Investment property — net rental income of $10 000
$320,000.00
Bank account —interest rate of 2% $110,000.00
Term deposit — interest rate of 3.5% $270,000.00

Calculate their entitlement to the age pension. Part 2: A case
study
Assume: You are a financial adviser and are approached by a married
couple, Keith
and Patti Richards. Both are 70 years old and Australian citizens.
The following
information is an extract of data you gathered as part of the
fact-finding exercise
during an initial client consultation with them:
The couple has approached you for an understanding of their age
pension eligibility.
They have the following assets. Calculate their entitlement for the
age pension.

Assets Amounts
Home $600,000.00
Home Contents and cars $65,000.00
Investment property — net rental income of $10 000
$320,000.00
Bank account —interest rate of 2% $110,000.00
Term deposit — interest rate of 3.5% $270,000.00

Calculate their entitlement to the age pension. Part 2: A case
study
Assume: You are a financial adviser and are approached by a married
couple, Keith
and Patti Richards. Both are 70 years old and Australian citizens.
The following
information is an extract of data you gathered as part of the
fact-finding exercise
during an initial client consultation with them:
The couple has approached you for an understanding of their age
pension eligibility.
They have the following assets. Calculate their entitlement for the
age pension.

Assets Amounts
Home $600,000.00
Home Contents and cars $65,000.00
Investment property — net rental income of $10 000
$320,000.00
Bank account —interest rate of 2% $110,000.00
Term deposit — interest rate of 3.5% $270,000.00

Calculate their entitlement to the age pension. Part 2: A case
study
Assume: You are a financial adviser and are approached by a married
couple, Keith
and Patti Richards. Both are 70 years old and Australian citizens.
The following
information is an extract of data you gathered as part of the
fact-finding exercise
during an initial client consultation with them:
The couple has approached you for an understanding of their age
pension eligibility.
They have the following assets. Calculate their entitlement for the
age pension.

Assets Amounts
Home $600,000.00
Home Contents and cars $65,000.00
Investment property — net rental income of $10 000
$320,000.00
Bank account —interest rate of 2% $110,000.00
Term deposit — interest rate of 3.5% $270,000.00

Calculate their entitlement to the age pension. Part 2: A case
study
Assume: You are a financial adviser and are approached by a married
couple, Keith
and Patti Richards. Both are 70 years old and Australian citizens.
The following
information is an extract of data you gathered as part of the
fact-finding exercise
during an initial client consultation with them:
The couple has approached you for an understanding of their age
pension eligibility.
They have the following assets. Calculate their entitlement for the
age pension.

Assets Amounts
Home $600,000.00
Home Contents and cars $65,000.00
Investment property — net rental income of $10 000
$320,000.00
Bank account —interest rate of 2% $110,000.00
Term deposit — interest rate of 3.5% $270,000.00

Calculate their entitlement to the age pension.