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Carole Herriman, Retired Management Consultant: Client Q&A

Long-term PSZ client Carole Herriman has retired from her management consultancy but is more engaged with the community than ever.

What did you do during your working life?
I was an early recruit to computer programming and worked in Australia, Canada and the US, mostly in universities. On returning to Australia, I moved into senior roles in IT. This was followed by years in my own company undertaking strategic management consulting where most assignments had an IT component.

How did you know it was time to retire?
When I moved to the east coast more than 10 years ago, I decided the time had come. Having worked all my adult life, I was in an acceptable financial position.

As a career high achiever, has retirement had its challenges?
One tends to define oneself in terms of career, so retirement does have its challenges. After moving to Sydney, the settling in and renovating processes took about a year. Subsequently, some of the need to achieve was sublimated into coaching for executive women in information and communication technology.

You’ve moved from Perth to Sydney, yet you’re still with PSZ. Please explain.
Internet, telephone and Australia Post mean that, aside from the time difference, it makes no difference where you live.

What services has PSZ provided for you apart from the obvious tax returns?
Through PSZ I have set up an SMSF and a family trust. In addition, a business of which I am a co-director uses PSZ as our registered office and for all our accounting needs. The financial planning arm of PSZ Partners has also very efficiently reorganised my super fund shareholdings.

How do you spend your days?
My family is spread widely and I spend quite a bit of time visiting nationally and internationally. I am a member of two Sydney art galleries and often attend courses at the Art Gallery of New South Wales as well as philosophy and Spanish language courses. From time to time, I copy-edit academic papers and theses.

How have you become part of your local community?
I am a member of the Glebe Society and have undertaken a number of different roles such as organising their community talks. Locally we have a wonderful bookshop, Gleebooks, which has interesting talks and book launches.

Favourite travel destination?
For family reasons, our most frequent destination is Edinburgh. My partner and I have also taken some educational tours to Europe. Sicily won our hearts, and London and Paris are wonderful cities for a visitor.

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