Making the most of your retirement income stream
You’ve spent years working and building up your super for retirement. Now that you’re winding down or retired, learn how to make the most of your income stream.
Originally from Fiji, Govindamma moved to Australia in the late 1980s. After having children, she returned to work as a registered and clinical nurse in 1993, exploring different areas in the nursing field.
“I loved bedside nursing,” Govindamma says.
“It wasn’t my chosen profession, but I’ve never looked back.
HESTA member, Govindamma
In March 2020, Govindamma had been working with a student nurse to help get a patient out of bed when part of the hospital bed fell on her feet, leaving her in great pain and unstable on her feet.
After three years, Govindamma received a WorkCover payment, and she contacted HESTA for Mercy to enquire about adding these funds to her super account.
She spoke with Superannuation Adviser Aman Singh who identified that Govindamma held total and permanent disability (TPD) insurance as part of her super membership.
Aman helped Govindamma make a TPD claim and worked with a HESTA for Mercy insurance representative to backdate this claim. This resulted in almost double the payment.
Govindamma says Aman was a godsend.
“He has become like family,” she says.
“He explained everything to me very clearly and walked me through it step by step.
Aman says it was a privilege to help Govindamma.
“It was a bit emotional for me,” Aman says.
“I was able to help someone who really needed it, which is pretty special.”
After two surgeries and years of painful recovery, Govindamma is now hoping to enjoy her retirement surrounded by her husband, two sons and extended family.
The 65-year-old is looking forward to a trip to India later this year.
“I’ve been twice before and loved it,” Govindamma says.
“This time I’m going down south to Pondicherry and Auroville for meditation and yoga. I haven’t been able to balance since the accident, so I’ll need to relearn.
“It’s something I have to do for myself.”
You’ve spent years working and building up your super for retirement. Now that you’re winding down or retired, learn how to make the most of your income stream.
After a lifetime of working, retirement is the time to enjoy yourself. How will you spend it?
It could be your biggest asset one day. Your online account lets you check your super balance, keep your account up to date and much more, 24/7.