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.