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

SUCCESS STORY

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.

HOW WE HELPED IN PARTICULAR

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

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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