How MoneyLink helped Sandra retire comfortably after her retirement plans and dreams drastically changed.

retirement plans

How MoneyLink helped Sandra retire comfortably after her retirement plans and dreams drastically changed.

Sandra and husband Bill were like most other couples in their mid 50’s… excited about the future, and planning their retirement.

And then that future came crashing down.

At age 59, Bill had his first stroke, which left him unable to care for himself, and having to re-learn basic skills like speaking and writing.

Financial Planning

Changes and challenges

The next 16 years proved both challenging and life changing for the couple. Bill suffered a series of strokes and other debilitating health conditions. He’d always looked after the finances. He was the business brain in the relationship. Mary had always worked full time as a school teacher, a job she loved.

“My husband had always been an articulate man, he managed several businesses, but with the stroke he lost the ability to write and understand figures. I taught him to write again…

“The second stroke took it away again and he wasn’t prepared to put the effort in to do it again. So the full responsibility of balancing the books, budgeting and anything financial I had to do which was a pretty steep learning curve and that’s where Russell helped me out…”

MoneyLink Financial Planning

Money was tight

Sandra first went to see MoneyLink 10 years ago. She and her daughter were running a small taxi business, which was quite intensive.

Money was tight as they hadn’t paid off the taxi, and hadn’t quite finished final payments on the house. And Sandra’s work circumstances changed when she had to look after Bill.

“I had no income because I had to retire to look after my sick husband. We did receive a disability pension, which was what we managed on.”

investment strategy

But she knew MoneyLink could help

“I was nervous because I hadn’t had any experience with investing… I had no spare money to invest and I knew that I wouldn’t be able to work again because he needed me. I had to trust someone… I’d heard MoneyLink’s reputation as being solid local people who could help. Everything I’d heard about them was positive.”

“From the moment I went into the office, everyone was lovely. Cheery and comforting. It was what I needed. That, and a solid investment strategy that would see them through.”

Financial Planning

She was right.

“Russell’s quite an engaging fellow… I’m fairly out there personality wise, but I was very good at saying ‘I’m okay, there’s nothing wrong’. Russell could see that I needed help. He was very, very good. He looked, and listened, rolled over our super and put a financial plan in place.

“It was futile to think about working so when I retired I handed over the small amount of super I had to Russell and Scott. They rolled it over, and cared for it until I was able to take a pension.”

It was a plan that needed some time, and some nurturing.…

“Russell helped me to reevaluate and relearn. It was an overwhelming task, caring for Bill, and it became progressively more difficult.”

security and comfort

Income and pension = security and comfort

“When my husband passed away, I sold the farm, and handed the proceeds over to Russell and Scott….and they organised an income on top of an aged pension.

“They were incredible at working through all the logistics so I could maximise my pension, and have enough money to last, and keep me going for quite a long time.

“And I’ve learned a lot. I now ask fairly sensible questions like ‘why are we investing in this?’ They explain what, why and where which I greatly appreciate.

Sandra is always welcome in the MoneyLink office.

In fact, she’s so much at home there, that when she gets there the first thing she does is make herself a cup of coffee. The doors are always open, and she feels like she is well supported. “If I’m unhappy with any investments, I can go to Russell and say ‘we can do better than this’. He is always willing to listen.”

investment planning

Debt free and proud

Being solvent in retirement is dramatically important to Sandra.

‘Being debt-free is the key to success for any retiree.”

Sandra has no debt, owns her own car and own home and has cash in the bank. She’s comfortable, has a pension and income from investments generated by Russell and the team at Moneylink.

And if she wanted to take an overseas holiday she could.

It’s certainly not the retirement she’d dreamed of… but then life rarely plays out the way we hope it will.