Kaye Fallick

Kaye is a retirement commentator and coach, with 25 years’ experience writing about retirement income. She has authored two books on life stage changes – Get a New Life and What Next? – and enjoys regular radio and podcast appearances. Her favourite mission is to offer plain English explanations of complex rules so that all retirees can benefit. She is based in Melbourne but enjoys escaping to Italy whenever possible.
Will Carol be okay? Or will she need to work ‘til she’s 80?

Will Carol be okay? Or will she need to work ‘til she’s 80?

It’s always fun catching up with Retirement Essentials’ adviser, Nicole Bell. She’s a great example of someone who loves what they do, probably because most days she helps people to achieve their retirement wish lists. Nicole is an avid swimmer, the mother of a 15-year-old, and has a husband wants to live on the mid-north coast of New South Wales. Meanwhile she spends her working hours helping people like Carol to get the financial monkey off their backs. When asked why she enjoys her role so much, after 22 years in financial services, she replies:

‘The favourite part of my job is the end of an appointment when the client is so relieved, smiling and telling me that no one has ever explained it that way before. They walk away confident with their own decisions and with a clear path forward. And I get to reassure them and say, at least you now know what to do.

‘Every day I get to meet really lovely people – and so many of these people come back for further meetings; they trust us. We’re not trying to sell them anything or get them to change their super fund. We’re here to explain, guide and support them in their quest for information, strategy options and reassurance. That’s why I felt so happy about being able to help Carol who is a single woman who’s suffered a from a few financial setbacks in recent years.’

Are you feeling stressed in retirement?

Are you feeling stressed in retirement?

A recent report claims Australian retirees are stressed and that a government product would solve this problem. That’s a big statement, so today we are digging a bit deeper to see what the claimed problem is – and whether the suggested solution would be helpful.

The report Simpler Super: Taking the stress out of retirement was published by the Grattan Institute on 19 January. Authored by Brendan Coates, Joey Moloney and Esther Suckling it starts with the rather compelling statement that:

“Australia makes superannuation too complex for retirees”. It then builds a case that most Australians are hands-off about building super, but when it comes to drawing an income from these savings they struggle to understand how to combine it with an Age Pension, how long they will live, how investments might perform and how to ‘get value from their super fund’.