Scenario: James, 45, earns $380K, has $620K super & 2 investment properties. What’s his strategy?

What should your strategy look like if you’re earning a high income and approaching retirement? Let’s look at James as an example. At 45, James earns $380,000 per year, has $620,000 in superannuation, and owns two investment properties. While property can be a valuable part of a wealth-building strategy, having a large portion of your wealth tied to one asset class can create concentration risk. The key question is whether his current investments are aligned with his long-term goals, such as achieving financial independence or retiring early. If James wants to keep his properties, it’s important to understand whether the rental income will be enough to support his lifestyle before he can access his superannuation. If early retirement is the goal, he may need to consider building other investments that can provide income and flexibility before reaching preservation age. It’s also worth reviewing whether there are opportunities to diversify, make additional superannuation contributions, and structure asset sales in a tax-effective way if he chooses to reduce his property exposure. The years leading up to retirement can be some of the most important for building wealth, as superannuation can provide one of the most tax-effective environments for retirement savings once accessed correctly. A strong financial strategy isn’t just about accumulating assets, it’s about ensuring those assets are structured to support the lifestyle and goals you want in the future. Always seek personalised financial advice based on your individual circumstances. General advice only. Amy Lehmann is an Authorised Representative (No. 1292710) of Consortium Private Wealth Pty Ltd (AFS Licence 495401).

Disclaimer || The information provided in this post is general in nature only and does not constitute personal financial advice. Amy Lehmann is an Authorised Representative(No. 1292710) of AFSL 495401.