Retire with purpose with Kim & Prue Watty

Obviously, Tribeca, you support a lot of women, right, through all kinds of financial moments.

What I think is really interesting is that women, like a lot of things, especially, you know, financial things, when we think about retirement, I think we're still often putting a masculine focus on it.

Yeah, absolutely.

You know, and that's, we've worked long enough together, I'm used to this podcast, Steph, where, you know, for us, it's far more about the qualitative.

It's, and that's where we see alliance, the partnership, and, you know, working with these guys around this, because it's really important in terms of the mindset and the way that people structure around it.

We've talked before about particularly retirement being so finite.

Our job in some sense is to help people understand if they can financially retire and then what next, what's really important.

And that's why talking today about purpose being really important.

For us too as well at Tribeca, we really embrace our value of empathy.

So to put yourself in someone else's shoes and allow yourself to be affected by it, I think that's really important.

The quant is the X's and O's and we'll minimise tax, strong returns, right structure.

But it doesn't give people that sense of security and freedom of choice, the sleep at night factor.

And that's where for us, it's the qualitative values, then it's the quantitative side as well.

The thing we talk about a lot on this show as well is that women are not often as educated on their finances as men are.

And it's something that can be sort of farmed off to the partner, the male partner, like you're the money person and I'll do the other stuff when you're just sort of conquering and dividing.

And so I feel like sometimes women are actually left out of the retirement discussion because that's something that usually we think about, you know, men as the money people and men as retirement.

But the loss of identity that women can have, we don't really talk about that much.

Yeah, absolutely.

I think, and you know, we deal with people who are partnered.

We also work with lots of women who are solo.

And I think that, you know, people think almost exclusively financially about retirement.

So then they get to this point and there is this big moment of like, what is next? And I think we have quite a lot of women who come into the program and have this profound moment of realisation at the start of the eight weeks that if they are lucky, they've got a third of their life to go.

Yeah.

You know, that's a lot of time.

That's a lot of time.