She was a single mum since her child was a few years old. Her husband was unsupportive and grew more and more distant and uncaring and then left them. Now in her late 60’s, what she needed was more than small talk, she needed a strategy, and goal. Our financial planner had assisted her over most of her life – from insurance to Centrelink assistance and retirement preparation.
Feeling a sense of being a small player in the hands of big companies, and finding that reading their reports was a task beyond her understanding, she was delighted to see how learning and understanding investing was not as hard as it seemed, and wanted to know more. But there was a limit! Knowing some basics was great, but the detail she would rather leave to the financial planner and our broker to spend hours on! And she could, because she can learn and participate as little or as much as she wanted, which is the way we run things for YOU.
She saw the logic in having Strategy, Structure and Support –
Strategy – to take control of her last years to leave time to enjoy family and friends in her neighbourhood and local club.
Structure – a Self-Managed Super Fund allowed bringing her two pensions, and accumulation super account, and the money from selling shares in a company that had not seen share price increase for years all together in one place
Support – she had full support from a team with decades of administration, planning, insurance, investment and super expertise
And that meant she could see how her investments were going and just ask occasionally about particular companies were going, and why understand that Return on Equity as one example, required a track record or several years of return above 8% to truly demonstrate management ability that was worth backing.
She decided that our workshops were more than she needed other than the regular discussions and updates she had with our broker,and emails with summarized results of the companies that passed our 12 criteria for healthy companies.
Where are you with YOUR retirement planning? Start a conversation here!