Retirement can feel like a single scary number, but the real work is more practical: knowing what you own, how it earns (or doesn’t), and how you will turn it into income you can actually live on. We walk through the “review phase” of a Transition to Retirement plan and why superannuation is only part of the picture. Alongside your super balance, we look at investment assets like shares, cash, term deposits and property, then stress-test them for liquidity, costs, and whether they make sense once pay slips stop.

We also zoom out to the structures that quietly shape your financial life in Australia. If you have a trust, a company, or an SMSF, we talk about when those structures are still useful and when they are just extra complexity you may want to wind down before retirement. From there, the conversation turns to estate planning: wills, powers of attorney, and super beneficiary nominations. We explain the difference between binding and non-binding nominations, and why super and trusts can sit outside your estate unless the paperwork is set up properly.

Listener questions take us into the rules people trip over most: when you can access super (including the preservation age around 60 and the “magic” of 65), how a TTR pension works with its 10% annual draw limit, and why the ATO doesn’t want TTR used like an ATM. We also tackle the uncomfortable but important topic of adult children inheriting super, the taxable component, and how a recontribution strategy can reduce potential tax over time. If you want clearer retirement planning, fewer surprises, and smarter super decisions, hit play, then subscribe, share with a mate, and leave us a review. What part of retirement planning are you reviewing first?

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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