Susan is 39 years old and works as a senior operations manager. Michael, 41 , is an IT project manager. They have approached you to provide advice on their financial position, specifically in the creation of wealth over the long term. They have provided the following income and expense details: Susan's salary: $120,000 (plus SG) Michael's salary: $180,000 (plus SG) Michael's bonus: usually $50,000 p.a. Michael has an investment unit at Camperdown, in inner-city Sydney, valued at $650,000 (market value) with rental income of 3% net of associated management expenses. The unit is in Michael's name with an investment loan of $500,000 with interest-only repayments of 7.70% p.a. Their home is jointly owned and valued at $700,000. They repaid their mortgage last year and plan to spend $45,000 to renovate the kitchen and bathroom next year. They have an Australian share portfolio of $120,000 which is owned jointly. They estimate their living expenses to be approximately $80,000 p.a. Their combined annual cash flow would be constructed as follows: To visualise the client's net worth, develop a pie chart of the current asset allocation. This can be used as a basis for discussion about the client's risk tolerance and asset allocation requirements. In constructing this initial asset allocation pie chart, you must remember to: - exclude all lifestyle assets - exclude cash lump sums awaiting investment - include existing savings and investment assets. Review the pie chart and list 4 issues that may exist with their current asset allocation