At a money expo we ran in 2018, I met many Australians who had never previously sought financial advice. I was struck by how these everyday mums and dads weren’t asking about complex tax issues or transition-to-retirement superannuation strategies. For many their most pressing question was ‘Will I have enough to stop work one day?’ They were genuinely worried about whether they could afford to retire.
The numbers in the accompanying chart show clearly that the concerns of the people I was speaking with are real. Too many people have insufficient savings at retirement age. This is not how it is meant to be and, more importantly, it doesn’t need to be this way. However, not enough has been done to help people retire comfortably. Not by governments, employers nor even my profession.
This is a cause I feel strongly about, and it inspired my book, The Money Sandwich. Through the book and this accompanying website (and as a coach and speaker), I provide answers to many common questions on both the basics of financial management in your 40s, 50s and 60s and on more complicated retirement planning. It also covers simple strategies you might implement on your own or with the help of your own adviser.