Meet our clients living the ‘healthy wealthy happy’ life today

Transitioning to retirement
by Melody Edwards | 19 February 2018

What were their challenges?

Preparing for retirement, they were considering whether to keep their investment property or sell? They were concerned about having enough retirement income and running out of money with plans to do regular overseas trips to visit their kids who live in Canada.

What did they overcome?

There was a lack of confidence that they could actually afford to have Dave stop work, and adjusting to life after work finished. A detailed exit strategy for their investment property, having never thought as to what they both would like from this investment. All coming together in a cohesive plan for retirement, bringing their individual goals together and compromising where needed.

How did I help?

It was an education, facilitating discussions around what retirement means to each of them, what they hoped to achieve and what would make them happy. Putting together a comprehensive financial plan that detailed their assets and income to build confidence around stopping work and meeting goals. I provided guidance around minimising tax especially for the investment property and their super transitioning to retirement. I was available to adjust their plan when their needs and goals changed along the way.

What did they learn that I can share?

You need to have open conversations about what is important to you and what concerns you have. Retirement is a very big life change, especially a mental one; for some a big leap/cold turkey works for them, for others a gradual staged approach to retiring works best. Decide what your ideal approach is.


Provided an Evalesco Health Check on their finances
Educated Dave and Lauren around their retirement strategy
Created a financial plan


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“How do I know how much money I will need to retire?”

The amount of super you’ll need when you retire depends on your big costs in retirement and the lifestyle you want. The Associate of Superannuation Funds of Australia (ASFA) estimates for a single $44,224 a year and for couples $62,562 a year is how much you may need. This is only an indicator and our advisers assess everyone’s individual circumstances.

“Why should I pay for financial advice?”

The fees we charge for financial advice is only a fraction of the value we derive for our clients, meaning our clients are always better off after seeing us. Rarely do we encounter a new client invested appropriately for their needs, with adequate risk protection, structuring and estate planning provisions in place. Even small tweaks to a financial plan over a long period of time can result in drastically better outcomes for our clients which eclipses the fees of the financial advice. Additionally, you can opt-out of an ongoing fee arrangement at any time.

“How do you charge for your services?”

In our discovery meeting with you our advisers discuss the initial advice fee and the ongoing fees associated with our services.

“What is the process for getting our own personal financial plan?”

After our initial phone call to discuss why you are seeking a financial adviser, we arrange a discovery meeting that outlines what is important to you, your current position, our areas of advice, our approach. We then present a Statement of Advice (SoA) to discuss your goals and our recommendations and go through the steps of how to proceed to the implementation stage. After signing the SoA, we discuss your questions, get you to sign the authority to proceed and complete any application forms before implementing the recommendations detailed in the SoA.

“Should I pay more off my mortgage or put more money into super?”

One thing to consider is the interest rate on your home loan in comparison to the rate of return on your super fund. Before making a decision, it’s also important to weigh up your stage in life, particularly your age and your appetite for risk. Whatever strategy you choose you’ll need to regularly review your options if you’re making regular voluntary super contributions or extra mortgage repayments. As bank interest rates move and markets fluctuate, the strategy you choose today may be different from the one that is right for you in the future

“How do I know Evalesco is the right fit for me?”

We know the impact of good holistic financial advice can make and we have the life experience, technical capability and quality support team that can make that difference for you. We’ve empowered over 1000 families through the delivery of great financial advice, to be healthy, wealthy and happy.

“How will I measure the value or success of receiving financial advice?”

We believe the true value of financial advice isn’t found in dollars and cents (although this is important too!) but in the peace of mind a financial plan can provide. It’s knowing where you want to go and how to get there, with a dedicated team behind you every step of the way.

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Evalesco Financial Services Level 17, 20 Bond Street Sydney NSW 2000
Phone: (02) 9232 6800

Evalesco Financial Services Pty Ltd is a Corporate Authorised Representative (325313) of Australian Advice Network Pty Ltd.

ABN: 13 602 917 297 AFSL: 472901