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Steph’s Story

I did have a previous financial planner a long time ago, probably about, you know, more than 25 years ago. Nothing compared to Michael. So I’m forever grateful that we have met Michael and we have gone through this journey together to get to where we are today.

We knew Ben Kingsley before he put together Empower Wealth.  So we continued on our journey with him at the point in time where we bought an investment property with him. Probably about, I’d say at least 15 years, if not more.

And then we met Michael Savvy who started the process with us around transitioning to retirement and ensuring that we are in a capable position to do that, which we have successfully done.

If I go back to the early days when we were building a portfolio and increasing our investments, they were very good at helping us from the start to the end of the process, from banking to getting the loans and all the rest of it. That was really good and clean and easy. We didn’t have to go to multiple places. They did it all for us.

And then from the perspective of transitioning to retirement again, the whole process was simple. There’s stuff in there that you can follow up after you’ve retired around Centrelink and all the rest of it that they help you with as well.

We’ve always done our insurances and policies through Michael and he’s always reviewed them and always provided, you know… “When you get to your retirement, you don’t need X amount, you don’t need this, we reduce this.”

So it was the understanding of saving money, understanding what cover you needed or how much insurance you needed.

You’ve got your death benefit and other stuff within your super, but you don’t know really what it does until you get to this point.

So do I need a million dollars in life insurance at this point in time? No, and that’s the type of stuff that he explained to us and why we didn’t need X amount or why we needed to reduce it or increase it or whatever it may have been. So for me, I think it was an eye-opener, understanding those steps and setting ourselves up for retirement.

Honestly, I think you know, 5 to 15 years ago, retirement wasn’t even on the cards but throughout the process with Mike, he’s given us a different perspective around [retirement] … I suppose if I go back to his comment around…

“You’ll be getting paid, but you won’t be working.”

I had a full-time job where my hours were anywhere between 10 and 14 hours a day. Early morning rises and the traffic. So for me, that mindset of [leaving work] when I’d worked my whole life, it was a bit scary. I must say I kept procrastinating. I kept putting it off. I was supposed to leave two years ago due to COVID, but I continued and I just bit the bullet and did it because there was never a good time to quit.

It was just… I guess I was just scared of the unknown of not working anymore.

But now that it’s been five months [since I retired], I’m loving it and I ask myself, “How did I do it? How did I do it all?” But yeah. Would I go back? No.

For me, it was around that. Simply changing that mentality around, “I can’t retire yet. I can’t retire. I need to work.” It wasn’t that. It was actually just changing that whole mindset around what that meant for us.

We had a conversation with some of our similar-aged friends where we discussed what people are doing. And they were like, “Oh, you’re retired. You’re so young to retire! How did you do it?”

And I said…

I have a great Financial Planner.

Cause without him, I don’t think we’d be in this position. And there’s a lot of people that I’ve put onto him that have been able to successfully retire as well cause they had no idea about finances and no idea about their planning. So we’ve helped multiple people along the way, colleagues of mine and that’s been a good win for them as well.

If anyone is thinking about investments planning and an early transition to retirement, go to Empower Wealth, they have all the tools and all the skill sets to help everyone achieve what they want.

They’re the one-stop shop for everything.

 

Note: Find this success story helpful? If you’d like to meet with one of our Financial Planners to discuss about your unique circumstances, book your free initial consultation with us today here.

 

 

 

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