Daniel Callaghan is a Financial Planner in Queensland.
Daniel has worked in finance for most of his life, but it wasn’t until returning from overseas 10 years ago that he wanted a career where he could have a direct positive impact on peoples’ lives. “I wanted to make a meaningful difference to the lives of ordinary people,” says Daniel. “Financial planning merged my desire for more professional significance with the education and skills that I had gained working within the finance industry during the prior decade.”
To end up working at a member focused fund like HESTA has felt like the ultimate achievement,” says Daniel. “My work is extremely fulfilling. I get to spend time working together with HESTA members and their families to plan for generally positive outcomes – like a comfortable retirement, affording that once in a lifetime holiday or assisting members’ children to buy their first home.
“A lot of our members are scared of the unknown, like whether they’ll have enough super, when they might be able to retire and understanding Centrelink. These unknowns can lead to inaction and negative outcomes,” says Daniel. “By demystifying and providing a road map to navigate these complex issues, I empower HESTA members to take control of their financial situation and work towards their personal financial goals.”
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A good day’s work for Daniel is when he’s able to help a member achieve their dream. “A few years ago, a member in her late 50s who’d had a cancer scare decided (quite rightly) that life is too short. So, she and her husband resolved that they wanted to spend the next couple of years traveling around Australia.
“While it was complex to set up, I was able to structure their finances to make this happen without adversely impacting their long-term retirement situation. The gratitude they showed was very humbling and I still receive regular updates of their travels and the occasional photo,” says Daniel.
“I find that over 90% of our members underestimate the position they are in for retirement and that their goals are much closer than they realise. Being able to say the words ‘Yes, you can retire tomorrow if you want’ is something that never gets old”.