Client Story 2: Andrea

Living Well in Retirement with Confidence and Care

Background

Andrea, a highly educated and dedicated educator, first connected with EWK Private Wealth after a presentation at her workplace two decades ago.

A lifelong academic and independent thinker, Andrea approached retirement as a single woman with no immediate family support, seeking clarity, comfort, and a solid plan for the years ahead.

Summary of Client Issues

As Andrea considered retirement, several needs became clear:

• She wanted to consolidate her financial assets, including multiple superannuation accounts and shares, into a manageable structure.
• Living alone in a large home had become isolating and increasingly difficult to maintain.
• She was concerned about who would act on her behalf if she became incapacitated and had no close family to step in.

Risks and Concerns

Andrea’s key concerns were both practical and emotional:

• Financially, she needed to ensure she could support her lifestyle, hobbies, and interests well into retirement.
• Emotionally, she sought a living arrangement that would offer social interaction and support while preserving her independence.
• Legally, she wanted the peace-of-mind that her affairs would be handled professionally and in accordance with her wishes should her health decline.

The Reason to Take Action

With retirement approaching and her personal support network limited, Andrea recognised the importance of professional guidance to manage her assets, relocate to a more suitable living environment, and establish a clear legal framework for her care and estate.

EWK Role

Working with EWK Private Wealth, Andrea implemented a plan that provided clarity and control:

• Financially, her superannuation and investments were consolidated and optimised, with automated systems for managing income and expenses. She now receives regular tax refunds and pays no income tax.
• Lifestyle-wise, Andrea sold her Canterbury home (with the help of a trusted property advocate) and moved into Hester, an independent living community. Her new home was styled with the assistance of an interior designer, helping her settle comfortably and joyfully.
• Legally, Enduring Powers of Attorney were established with Andreyev Lawyers to ensure her affairs would be managed by professionals she trusts.

Outcomes

Andrea now enjoys a secure, well-managed retirement with the freedom to pursue her passions; bridge, book clubs, and crossword puzzles, in a supportive, social environment.

With her financial and legal affairs professionally structured and overseen, she has peace-of-mind knowing that her future needs are taken care of.