Bec Wilson's Blog, page 4
February 1, 2025
Superannuation cap to rise: what it means for your retirement
Feature: Superannuation cap to rise: what it means for your retirement
Course: Kicks off on the 13th Feb
From Bec’s Desk: Back in the hot seat
SMH/TheAge: Retirees reap the rewards after another year of sky-high super returns
Prime Time: Knowing when to retire
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Super cap to rise: what it means for your retirement
The latest CPI figures landed this week, confirming that from 1 July 2025, the transfer balance cap (TBC) will increase from $1.9 million to $2 million. This means Australians can shift more of their super into the tax-free retirement phase.
Super contribution caps are tied to a different benchmark (AWOTE), which hasn’t increased enough to trigger a change. So for now, the limits on Non-Concessional Contributions (NCC) and Concessional Contributions (CC) are staying the same.
If you’re already in retirement phase or approaching it, this increase could give you a better opportunity to maximise tax-free super earnings. The transfer balance cap sets the limit on how much you can transfer into a retirement-phase pension account, where earnings are not subject to tax. Any amount over this cap remains in an accumulation account, where earnings are taxed at 15%.
The increase is triggered by the latest CPI figures released this week, confirming that indexation targets have been met, pushing the cap up to $2 million from July 2025.
How does this affect someone planning for retirement?If you haven’t yet started a retirement-phase pension and you have in excess of $1.9M to consider, the new $2 million cap applies in full after it kicks in in July 2025. If you’ve already used part of your cap, your remaining cap will increase in proportion to the unused amount. For example, if you haven’t yet moved any super into retirement phase, you can now transfer up to $2 million tax-free from July 2025. If you’ve previously used $1.4 million of your cap, your personal cap will increase proportionally, meaning you’ll have more room to transfer additional super into the tax-free phase.
With more of your super eligible for the tax-free retirement phase, your investment earnings won’t be subject to the 15% accumulation tax, helping to stretch your retirement savings further. This is particularly beneficial in a rising market, where compounding tax-free returns can significantly boost long-term income.
What should you do?For those nearing retirement, now is the time to review your super strategy to make the most of the increased cap – if you are someone with close to $2M in super to manage. Checking your super balance to see how much you can transfer, reviewing your fund’s performance to ensure it aligns with your income needs, and speaking to a financial adviser to optimise your transition to retirement phase are all key steps.
While the increase happens automatically, a little planning can help you make the most of the higher limit. If your balance is just over the $1.9 million cap, you might consider keeping contributions in accumulation mode until the change kicks in. Not many will be at this level, but it’s still useful to know. As always, chat with an adviser for personalised advice on how this fits into your strategy.
It’s been a bit of a whirlwind week—half spent freezing in Canada on the most wonderful family break, then flying home, only to be hit with Queensland’s intense heat. In between sweating it out, I’ve been deep in prep mode—getting the course ready, writing newsletters, and pulling together fresh articles. Now that the year is kicking into gear, I can’t wait to share what’s ahead… but for now, you’ll have to watch this space.
I’m well and truly back at my desk, signing books and packing welcome packs like a demon for our biggest-ever cohort of the How to Have an Epic Retirement Flagship Course—hundreds and hundreds are already in! If you haven’t locked in your spot yet and missed the early bird deal, don’t panic—you can still use LASTMINUTE15 for 15% off the full-priced program. But don’t wait too long—I need time to get your welcome pack in the mail! The course kicks off on the 13th February - and runs for six weeks. There’s more information on our website here.
Welcome packs underway — hundreds of signed books and workbooks ready to go out!This week’s podcast was an absolute delight to record! If you're thinking about retiring, you won’t want to miss my conversation with Terri Bradford. She brings a fantastic mix of personal experience and professional insight—it’s a must-listen. Be sure to tune in!
Last week, so many of you jumped into the comments on the newsletter, and I was thrilled to see such lively discussions around the topics raised. Now, we’re taking it a step further—some of your questions will be answered in an upcoming podcast! So, keep the comments and questions coming—your input helps me help you.
Lastly, I’m loving getting your questions, ideas and letters. I love hearing from you and being guided by you on what really matters as you approach retirement. Please, send your letters to me simply by pressing reply to this email.
Many thanks! Bec Wilson
Author, podcast host, columnist, retirement educator, and guest speaker
Retirees reap the rewards after another year of sky-high super returns
Extract of article published in print in The Age, The Sydney Morning Herald, Brisbane Times, WA Today on Sunday 26th January 2025.
The official data is in, and 2024 was a ripper of a year for super. But the real winners? Retirees in pension-phase funds, who locked in even better returns than their accumulation-phase counterparts.
That’s not surprising – tax-free earnings give them a natural edge. But what’s worth paying attention to is just how much better some funds performed.
This raises a key question: Are you making the most of the upside retirement phase funds are achieving? If you’re already in pension phase, is your fund delivering top-tier returns over the long and the short term?
And if you’re still in accumulation, are you planning your transition into the retirement phase wisely to maximise the benefits? The gap between an average fund and a high-performing one adds up significantly over the long term – and in retirement, every dollar counts.
For most Aussies still in accumulation, growth funds (those with 61-80 per cent in growth assets) delivered a solid 11.4 per cent over the calendar year according to data sourced this week from Chantwest. But if you were in pension phase? Even better – an average return of 12.2 per cent.
That’s a clear win over the S&P/ASX 200’s 11.2 per cent gain (dividends included). Not bad at all, especially when you remember that every cent of those pension-phase returns is tax-free.
Leading the pack in both phases was Unisuper’s Growth Fund, which returned 16 per cent in retirement phase against 14.7 per cent in accumulation, followed closely by CFS FirstChoice at 15.1 per cent in retirement and 13.6 per cent in accumulation; and Mine Super with returns of 14.5 per cent in retirement phase and 13.4 per cent in accumulation.
This article continues — Read on, in The Age, The Sydney Morning Herald, Brisbane Times and WA Today.
Knowing when to retireToday’s episode is all about navigating one of the biggest transitions we face in midlife: knowing when and how to step back from full-time work—or even retire. I’m joined by the inspiring Terri Bradford, former Head of Wealth Management at Morgans Financial, who spent 25 years as a leader in the finance industry. With her extensive expertise, Terri made the bold decision to transition into a flexible, part-time pre-retirement phase—what I like to call her Prime Time. And she joins us today to help everyone better understand how to know when the time is right.
Terri’s story is both relatable and a testament to her deep understanding of this space. She shares how her decision was shaped by health challenges, demanding travel schedules, and a desire to prioritise her relationships and well-being. From her unique vantage point as a financial expert, she offers us actionable insights into recognising the signs it’s time to step back, planning for financial and emotional readiness, and avoiding the pitfalls many people face when making this transition.
But Terri’s journey isn’t just about stepping back—it’s also about staying connected to meaningful work, rediscovering hobbies, and embracing reinvention. I’m quite sure her thoughtful perspective and expert advice will resonate with you — whether you’re actively planning your next phase or just starting to explore what your life might look like in five or ten years and when time might be right for you to explore the ‘R’ word. Let’s dive in!
LISTEN TO THIS EPISODE OF THE PODCAST HERE:
Last of all, if you haven’t read the book, you can order your copy from Amazon online and Big W online too. Or pick up a copy at your local Big W, or QBD stores.
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
January 25, 2025
Think you need $1 million+ to retire? These new benchmarks might surprise you
Feature: How much do you really need in savings to retire? New benchmarks
Course: Last call on earlybird spots
From Bec’s Desk: A quick break
SMH/TheAge: Could mandatory annuities solve our retirement woes?
Prime Time: Everything you need to know about weight loss drugs
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
The Autumn Flagship Course now 25% off - last weekendTime is running out! Our 25% off Earlybird deal on the Autumn Edition of the How to Have an Epic Retirement Flagship Course ends this Sunday.
The program begins on 13th February, with kickoff packs being sent out next week. Don’t miss your chance to secure your spot at this discounted rate—book now before prices go up!
This six-week program is the only high-quality, live, and interactive retirement education experience available, designed to give you the tools, confidence, and clarity to create the retirement you deserve.
Get in now while there’s still time to save! Want to learn more or download our brochure? ➡️ visit the website here
Think you need $1 million to retire? These new benchmarks might surprise youSome new and different benchmarks to consider.
If there’s one question that keeps pre-retirees awake at night, it’s this: How much is enough to retire? For years, we’ve been bombarded with figures like $1 million or more, making many people feel like they’re running an unwinnable race. In the book, How to Have an Epic Retirement, I explain in detail how to calculate your own number—which is the best way to go about predicting how much you need.
But this week, some benchmarks I don’t normally report on were released: the Super Consumers Australia benchmarks. They’ve created a really helpful table to guide people who are in pre-retirement today, both singles and couples, about how much they might need to retire based on their current fortnightly cost of living expectations. It’s a refreshingly practical way to approach retirement planning because it ties your savings target to how you actually live, instead of throwing generic figures at you and hoping for the best.
The numbers take into account the age pension and help you contemplate what portion of your retirement income will be subsidised by it over time too. Interestingly, these benchmarks come in much lower than the widely used Retirement Standard provided by the Association of Superannuation Funds of Australia (ASFA), making them a valuable tool for evaluating your planning — especially if you’re planning for retirement without ‘a lot’ of money.
Now that you’ve had a look, let’s explore some of the conclusions you might be able to draw, depending on your circumstances.
A modest lifestyle and the age pension can work if you own your own homeLet’s start with the surprising reality: if you’re planning to spend $37,000 per year in retirement (a "low" cost lifestyle in today’s dollars) and you own your home outright, you might only need $130,000 in savings according to these benchmarks. Why? Because the Age Pension could cover up to 91% of your retirement income needs in this situation. The key is to focus before retirement on owning a home you can afford. If you haven’t already taken the time to understand it, take time to learn about ‘the sweet spot’. You can read more about it here.
Retiring as a couple makes a huge difference to the cost of retirementThere’s no doubt about it: retiring as part of a couple makes a big difference to how much you can afford. Let’s say you and your partner want to spend $72,000 a year (a "medium" cost lifestyle today by these benchmarks). You’d need $548,000 in combined savings by age 65 to make it work. Compare that to a single person aiming to spend $49,000 a year, who would need $395,000. The difference between the two really highlights the power of sharing costs like utilities, groceries, and even travel expenses.
The age pension: a significant contributor to a comfortable retirement for manyOne of the most interesting insights from these numbers is just how much the Age Pension is doing the heavy lifting in Australia today. For medium spenders, it’s covering 67% of a single person’s retirement needs and 70% for couples. That’s massive. And more than 62% of retirees today draw on the age pension in some form or another. So you’re expected to consider it in your planning.
What about big-spending retirements?For those dreaming of a higher-spending lifestyle—let’s say $91,000 a year as a couple or above—the target for superannuation savings when you retire at 65 (the average age of retirement in Australia) jumps to $1.17 million or above. That’s a big number for some to contemplate saving, but it’s important to remember that it can come from multiple sources. Many retirees contemplate downsizing, tapping into investments outside super, or even working part-time during the early years of retirement to allow them to build up their superannuation nest egg to higher levels.
If these numbers raise questions — leave them for me in the comments and I’ll answer them in future newsletters.
With the new year still in its early weeks, the second edit for Prime Time (the book) underway, and the first draft of International Epic Retirement off to the publishers, I took a bit of a break — taking off for a quick visit to see my daughter in Canada before the year hits full swing. It’s been a lovely end to the Christmas and New Year holidays and a great reward for finishing my book. Hopefully - you didn’t even notice I was gone as I really can do a lot of what I do while I’m on the road.
This week will see me back on Aussie soil and firmly in the thick of 2025 with the kickoff of the How to Have an Epic Retirement Flagship Course now just two weeks away. I have books to sign and mailbags to pack — lots and lots of mailbags — an exciting prospect as we gear up for the largest Epic Course cohort ever for this program.
I’m also diving into proactive action for the year ahead — preparing speeches, programs and podcasts to make navigating pre-retirement and retirement easier. If you’re organising retirement planning events this year and are looking for a speaker/educator, do keep me in mind. I love educating people on how to have an epic retirement — whether it’s for corporate groups or individual consumers.
And finally, don’t hesitate to reach out with your questions, ideas and letters. I love hearing from you and being guided by you on what really matters as you approach retirement. Please, send your letters to bec@epicretirement.com.au.
Many thanks! Bec Wilson
Author, podcast host, columnist, retirement educator, and guest speaker
Could mandatory annuities solve our retirement woes?
Extract of article published in print in The Age, The Sydney Morning Herald, Brisbane Times, WA Today on Sunday 26th January 2025.
The Grattan Institute has dropped a report this week that’s got everyone talking. It tackles a familiar issue: Australians are nervous about spending their retirement savings.
Most retirees live off the income their super generates, leaving the capital untouched to pass on as a legacy. The problem? Many are living far below the standard they could comfortably afford, simply because they’re too cautious to dip into their savings. And the real purpose of superannuation – to fund our retirements is being neglected.
In today’s The Age, The Sydney Morning Herald, Brisbane Times and WA Today. The report also points out what we’ve all been saying for years: the superannuation system is far too complex, and there’s virtually no support to help people figure out how to navigate retirement once they stop working.
The proposed solution? The Grattan Institute suggests the government step in and start offering lifetime annuities – products that already exist that are designed to provide retirees with a secure, steady income stream for life.
It even floated the idea of making these annuities mandatory, so everyone has some peace of mind in retirement and no one has to worry about running out of money.
It’s a bold suggestion, and for me, it raised some big questions about whether lifetime annuities could be the key to giving Australians the confidence to spend their super and live more comfortably. Whether it’s the shake-up we need or just another idea that will spark a lot of debate, one thing is clear: the way we think about funding our retirement needs to change.
I’m going to set aside the controversial calls of the Grattan Institute for now and instead focus on the big lessons we can take from this report. And there are three...
This article continues — Read on, in The Age, The Sydney Morning Herald, Brisbane Times and WA Today.
Everything you need to know about weight loss drugsMetabolism, weight loss, and the science behind midlife health with Professor Michael Cowley from Monash University.
It's that time of year again—the gyms are packed, everyone's talking about their new diet, and we’re all vowing to be our best selves in 2025. But let’s face it, for those of us in midlife, weight loss can feel like an uphill battle, no matter how many resolutions we make. So, what’s really going on with our bodies? And could the buzzworthy weight-loss drugs like Ozempic, Mounjaro and Wegovy be the game-changer they’re hyped up to be?
In this episode, I sit down with Professor Michael Cowley, a leading physiologist and weight loss expert from Monash University, to separate the myths from the facts. We dive into what actually happens to your metabolism as you age, how these drugs work, and what they’re really doing to your body. Whether you’re curious about the science, considering your options, or just want a deeper understanding of how to tackle weight gain in midlife, this conversation is a must-listen.
LISTEN TO THIS EPISODE OF THE PODCAST HERE:
Last of all, if you haven’t read the book, you can order your copy from Amazon online and Big W online too. Or pick up a copy at your local Big W, or QBD stores.
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
January 18, 2025
Wealth versus financial confidence: Which is more important?
In this edition
Feature: Wealth versus Financial Confidence - which is more important?
Course: Earlybird spots still available
From Bec’s Desk: Winding the crank back up
SMH/TheAge: We need to change how we talk about retirement at work
Prime Time: A New Year financial checklist for Prime Timers with Paul Benson
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
Romance never retires: Could you be Australia’s first Golden Bachelor?
Are you ready for a fresh start, the love of your life, or another chance at romance? We’re helping over-60s find love! The Golden Bachelor is coming to Australian TV, reimagining the dating scene for singles in their sixties—and we’re thrilled to be part of the journey. It’s time to celebrate love, connection, and new beginnings—because romance has no age limit!
Warner Bros is on the hunt for inspirational men in their sixties to take centre stage as Australia’s very first Golden Bachelor. If you—or someone you know—are ready to prove that it’s never too late to find your happily-ever-after, this is your moment.
Don’t delay — Apply now or nominate someone below and show the world that life—and love—truly begins at 60.
Wealth versus financial confidence: Which is more important? When people hear about “having an epic retirement,” a lot of them immediately think it’s all about building wealth. But it’s not. It’s about creating a life you actually want to live—and one you can afford to aspire to.
The truth is, you can have an epic retirement without being rich. It comes down to three things: your attitude, your way of living, and your financial confidence. So, let’s take a closer look at each, because all of them are important when preparing for this next phase of your life.
Your attitude: building curiosity
Retirement isn’t just about coasting. The best retirements come from curiosity and a willingness to keep learning and growing.
Ask yourself: Do I already think I know everything, or am I curious about new things? I believe wholeheartedly that an epic retirement comes from wanting to know more—about the world, about yourself, and about the things that interest you. But to explore that, you need to stop and think: What am I curious about?
It’s something many people don’t give much thought to until midlife, or even until they stop working and wonder, What’s important to me now? The best way to work on it is to start thinking about what you’d like to learn or dive into. Maybe it’s a hobby, a skill, or a topic you’ve always been curious about. Then, take action:
Read books.
Take courses.
Follow experts on YouTube or
Subscribe to newsletters.
Curiosity creates energy, purpose, and momentum—three things that can make retirement epic.
Your way of living: proactive not passive
Do you wait for opportunities to appear in front of you, or do you go looking for them? This is a big question when it comes to how you live your life.
An epic retirement is rarely passive. It comes from actively seeking out what fulfills you. Maybe that’s self-improvement, trying something new, or putting yourself out there in ways you didn’t before. Waiting around rarely leads to satisfaction.
If you’re unsure where to start, try this: Pick one small, meaningful thing you’ve been putting off and just go for it. It might be as simple as joining a local group, taking a fitness class, or committing to one day a week for something you love.
Your financial confidence: knowing what’s possible
Financial confidence isn’t about being wealthy; it’s about knowing how to use what you’ve got to live the life you want.
Here’s the thing: When you know how much you have, what that money can do, and what your limits are, you can stop stressing and start planning. Confidence comes from clarity.
How do you build it?
Get clear on your budget. Know what you spend, where you can save, and what’s realistic for your lifestyle.
Understand your investments. Know how your money is working for you, what kind of return you can expect, and what the risks are if markets underperform.
Learn your pension system. Find out if you’re eligible, and if so, whether it’s for a full pension, part pension, or just a seniors card.
Test it out. Practise living on your retirement budget for a month. You’ll quickly see what works and what needs tweaking.
When you’re clear on your financial situation, you can make decisions that align with your goals—whether that’s travelling, downsizing, or just enjoying the little things that make life special.
Ultimately, an epic retirement isn’t about being rich—it’s about living a live you’re happy living. It’s about having the confidence to know you’re in control, the curiosity to keep growing, and the proactive mindset to build the life you want.
You don’t need millions to retire happily. You just need to start thinking, planning, and taking small steps to prepare. Make it epic!
The Autumn Flagship Course now 25% off - but not for longOur Autumn Edition of the How to Have an Epic Retirement Flagship Course has had a facelift and an update — and it’s all ready for 2025. And, the program is booking up nicely, giving you plenty of peers to learn alongside. There’s a 25% early bird discount for a few days more - so make sure you get your bookings in.
Want to learn more or download our brochure? ➡️ visit the website here
The year is underway, the next course is selling (like 🥞) and my book Prime Time is now in the second round of editing. Rather exciting start to the year eh. I’m really enjoying being back amongst it.
This year I’ve vowed to do more on social — making regular little educational videos for Facebook and Instagram. So if you don’t follow me already — please do so my efforts are worthwhile 😆.
Facebook: facebook.com/becwilsonepic
Instagram: instagram.com/epicretirement
It’s been simply a week of winding the crank back up to full pace.
The Epic Retirement Club is back on Facebook after a couple of weeks off (yes you can pause a giant Facebook group). It’s full of vigor, with some new international moderators joining the team (welcome guys).
I’m setting my intentions into action this year. I promised myself that after the holidays I would find a new team/group sport to get involved in. Something I could learn and build skills in. Top on my shortlist is pickleball - so I’ve found a club and am headed off to try it out in two weeks. I’ll report back. What are you promising yourself you’re going to try this year?
Tell me in the comments.
Now - don’t forget to send me your letters - I need ideas, topics and feedback all the time! I love them. Please, send them to bec@epicretirement.com.au.
Many thanks! Bec Wilson
Author, podcast host, columnist, retirement educator, and guest speaker
We need to change how we talk about retirement at workExtract of article published in print in The Age, The Sydney Morning Herald, Brisbane Times, WA Today on Sunday 19th January 2025.
For some, retirement is a milestone to celebrate openly with their workplace peers – a confidently shared countdown bubbling over with ideas for travel, family time, or long-awaited hobbies. For others, it’s a secret closely guarded until the very last moment.
Why is retirement such a taboo topic in so many workplaces? And, more importantly, what are the financial and professional consequences of staying silent – for you and your boss?
In my Facebook Group, the Epic Retirement Club, members often ask to post anonymously, afraid their colleagues might uncover their plans or even associate them with the “retirement genre,” like it’s a dirty word.
This hesitancy is rooted in fear – of being sidelined or treated differently before they’re ready, and fear that their workplace doesn’t have their back at all.
With only 31 per cent of Australians retiring by choice in 2024, it’s clear many feel they have no control over when or how they leave work unless they stay silent. Staying silent, however, often makes things worse and it certainly perpetuates the cycle.
Why workplaces should evolveWorkplaces would be more appealing if they tried harder to combat ageism and created cultures where workers feel they can discuss their future.
Workplaces are evolving rapidly, and the signs are clear: AI and automation are driving significant changes across industries. Entire roles are being redefined or phased out in some sectors, while others are grappling with labour shortages that hinder growth.
At the same time, the concept of retirement is shifting. Gone are the days when employees worked until December 20, clocked off, and never returned to the workforce.
Increasingly, research shows that a gradual transition – working less overtime or exploring part-time phases and taking sabbaticals before full retirement – can provide significant benefits for both employees and employers.
Many other older workers also choose to access their super while continuing to work, maintaining their engagement with the workforce. Thanks to remarkable improvements in health spans, so many people have both the energy and expertise to contribute meaningfully, albeit in new and different ways.
Employers who ignore these trends really do risk losing invaluable experience and missing out on effective succession planning opportunities that might have helped them better embed responsible work practices in younger employees.
This article continues — Read on, in The Age, The Sydney Morning Herald, Brisbane Times and WA Today.
A New Year financial checklist for Prime TimersWe're getting our financial house in order for 2025 with Financial Planner and Columnist, Paul Benson. Learn the things he does and teaches people to do every new year.
Welcome to 2025, Prime Timers! It’s our first show back. And we’re kicking off the year the way we plan to continue—by getting our financial house in order. This week, I’m thrilled to welcome back one of our favourite guests, Financial Planner Paul Benson from Guidance Financial Services. Paul’s here to guide us through a New Year’s checklist of must-do financial actions for midlifers.
We’re diving into the steps we should be taking right now to set ourselves up for a smooth and successful year ahead. Paul’s bringing us five key priorities, each packed with practical advice and a few timeless lessons that will make navigating your finances in 2025 that little bit easier.
Let’s get into it!
LISTEN TO THIS EPISODE OF THE PODCAST HERE:
Last of all, if you haven’t read the book, you can order your copy from Amazon online and Big W online too. Or pick up a copy at your local Big W, or QBD stores.
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
January 11, 2025
The holidays are over: let’s get serious about 2025
Feature: The holidays are over: let’s get serious about 2025
From Bec’s Desk: A quick update
SMH/TheAge: How to retire early
Prime Time: Our top six podcasts by listens… have a listen to these.
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
The Autumn Flagship Course now 25% off - but not for longOur Autumn Edition of the How to Have an Epic Retirement Flagship Course has had a facelift and an update — and it’s all ready for 2025. And, the program is booking up nicely, giving you plenty of peers to learn alongside. There’s a 25% early bird discount for a few days more - so make sure you get your bookings in.
Want to learn more or download our brochure? ➡️ visit the website here
Here’s a smart idea - Why not ask your boss to pay for it?! Quite a few of our recent attendees had asked their companies to support them doing the course. And increasingly, I’m getting asked about whether companies can offer it to their staff as a workplace benefit. Yes - they can! So can super funds!
And, if you’re part of a couple — you can do it together on the one ticket, simply by purchasing an extra workbook during the sign up.
Here’s what some of the nearly 1000 people who’ve completed the course in 2024 already say about it.
I would recommend the course to anyone who has ever wondered whether they really know what a truly fulfilling retirement looks like, or could be. Thanks to what I learned over the six weeks I'm now looking forward to my own retirement with confidence and a sense of excitement that simply wasn't there pre-course.” -- Eve
Great course. Great content. I found it very helpful to think about the various facets of retirement that have been raised.” -- Tom
So glad I took the plunge to do this course. I has given me greater confidence about how I would like to approach my own epic retirement. The content was practical and very informative. I will be recommending to my friends." -- Jack
This course has changed the way I think about the next twenty years. I am so excited by the potential of what I want to achieve in the future - as if I was a twenty-year-old again. Thank you Bec - your course has provided me with so much to think about and the resources to find all the answers to my queries. What a difference your course has made to my confidence and future happiness." -- Gail
There’s lots more testimonials in the brochure.
The holidays are over: let’s get serious about 2025
Let’s get some rubber on the road for 2025. Source: CanvaThe holidays are winding down, and for most of us, Monday marks the return to normal life. But instead of just reflecting on New Year’s resolutions, I want to challenge you to take practical steps to improve your money game this year.
This is when intentions meet reality. Let’s make 2025 the year we stop flying blind with our finances and start taking meaningful action toward building the life we want.
Set clear goals for your prime timeIf you’re in your 40s, 50s, or 60s, this is the time to focus on achievable financial goals that prepare you for your prime time and retirement years. Retirement isn’t about giving up work completely—it’s about shifting to a life where passive income takes the lead, and you have more control over how you spend your time. Setting incremental goals can help you boost your financial confidence and create a solid foundation for the years ahead.
Step up your budgeting gameIf you don’t have an up-to-date budget, now’s the time to create one. Flying blind in today’s high-inflation world is risky, so revisit your spending habits and build a 2025 cost-of-living budget that reflects current realities. Be intentional with your spending—ditch what’s unnecessary, and redirect those savings toward meaningful goals like paying off your mortgage, making extra super contributions, or growing your investment portfolio.
Audit your subscriptions and direct debitsThe start of the year is perfect for a deep dive into recurring expenses. Look at your credit card and bank statements—are you paying for services you no longer use or can bundle more effectively? Last week, I found three unnecessary subscriptions and consolidated others into better plans, saving us hundreds annually. It’s worth the effort, and those savings can fund your future goals.
Get proactive with investmentsYour superannuation and other investments are key to your financial future. Log into your accounts, monitor your returns, and check the fees you’re paying. Are you taking the right level of risk to meet your goals? Understand the power of compounding—it’s the gift that keeps on giving if you manage it well.
Learn how super worksIf you’re in your 40s, 50s, or 60s, superannuation is a cornerstone of your financial future. Use its tax advantages wisely: contribute extra, understand investment strategies, and maximise your returns and get a grip on the retirement phase of super. The system rewards informed decision-makers, so make 2025 the year you get smart about super.
Once you’ve nailed the foundations, treat yourself! Set lifestyle goals that fit your budget and give you something to look forward to. It’s fine to aim for the fun stuff—but only after you’ve built the financial base to support it. Let’s make 2025 the year we take charge and build a life we love.
We’re baack! Wasn’t that a lovely break! This week marks the return of my newspaper columns, the Prime Time podcast and this newsletter. I hope you enjoyed the time off as much as I did.
Over the Christmas break I was still pretty busy on other things that needed to get done. I finished the first edit of Prime Time (the book), so the publisher now has a fully edited manuscript headed into layout design. It’s a great experience the second time around. They hardly chopped any words in the edit either.
We’ve been busy updating the course with all the latest stats and figures, giving it a fresh facelift to kick off the new year in style - with even more functionality. And while we were at it, we gave the whole Epic brand a little glow-up too! This is because we’re building up the Epic Retirement Institute this year as a serious provider of retirement education. Watch this space.
And then it was all about family time. And that was magic.
I’m back at my desk - and the epic retirement course is booking fast. I can’t wait to get your letters when you’re back too. I love them. Please, send them to bec@epicretirement.com.au. or, so I know you’re out there - leave me a comment!
Many thanks! Bec Wilson
Author, podcast host, columnist, retirement educator, and guest speaker
So you want to retire early? Here’s how to do it.Extract of article published in print in The Age, The Sydney Morning Herald, Brisbane Times, WA Today on Sunday 12th Jan 2025.
As we ease back into work after a few indulgent weeks off, it’s natural for the thought to creep in: could I retire early?
Early retirement – or even just stepping away from work you don’t enjoy – is one of those big, aspirational goals that crosses everyone’s mind at some point. The reasons are as varied as they are compelling.
For some, it’s the grind of a stressful job that leaves them feeling burnt out; for others, it’s a growing sense of boredom and a longing for life beyond the daily routine. Then there are those who simply crave more time with their family or a chance to pursue passions put on hold.
Whatever the motivation, the idea of stepping back early, whether into part-time work or full retirement, before traditional retirement age has a strong pull for many in their 50s – especially at this time of year.
But let’s get real: early retirement takes serious planning. It’s not just about leaving work behind – it’s about building a life where financial security and flexibility go hand in hand.
And it comes with its own set of challenges, like funding more years in retirement, having less time to grow your savings through contributions and compounding, and navigating the reality that you can’t access your super until you’re 60 or later.
But if the idea of retiring early has taken hold and won’t let go, it’s time to talk about how to make it happen – because successful planning follows a clear and deliberate process.
How can you get yourself retirement ready? Read on, in The Age, The Sydney Morning Herald, Brisbane Times and WA Today.
Top six podcasts for 2024Our first podcast for 2025 comes out on Thursday. But in the meantime I want to highlight some of our most popular episodes so far. Here’s a shortlist you can check out quickly.
The 7 things you need to know before retiring
Exercise for longevity: How muscle mass improves your lifespan
The BIG retirement mistakes people make and how to avoid them
How to beat relevance deprivation syndrome with Jim Kilkenny
Why grandparents are the glue for families today
Debunking the myths of Hormone Replacement Therapy (HRT) with Dr Ginni Mansberg
HAVE A WANDER THROUGH ALL THE EPISODES OF THE PODCAST HERE:
Last of all, if you haven’t read the book, you can order your copy from Amazon online and Big W online too. Or pick up a copy at your local Big W, or QBD stores - a reprint has just arrived in stores.
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
December 30, 2024
Setting some epic goals for 2025
I’m on holidays—hopefully, you are too! But I couldn’t resist interrupting the break to bring you some guilt-free motivation for the new year. Let’s face it, the New Year often comes with the pressure to reflect on the year gone by, inspired (or maybe daunted) by those beautifully curated Instagram posts. If you’re not one of those people, you’re in good company (I’m not either - just authentic me).
Instead of adding to the noise, I want to make this refreshingly simple—no fluff, no woowoo. Just a practical, guilt-free way to use this natural window for goal setting and set yourself up for an epic 2025.
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Here’s a snippet from my upcoming book, Prime Time, on the science and power of goal setting:
“Scientifically, a goal is recognised as a desired outcome that wouldn’t happen without some form of intervention. IThat is, it’s a detour from the path of least resistance in our lives. That makes them pretty important if we’re trying to be active about what happens in our lives. But when you really dig down, goals are even more important than that.
When we set a goal, we’re really saying to ourselves that we want to put the effort in to achieve something that hasn’t happened yet and isn’t likely to happen on its own.”
So as you ease into 2025, think about what outcomes you want to nudge into existence. Keep it practical, make it meaningful, and let’s make this year one to remember.
Reflecting and setting some epic goalsAs 2024 winds down, take a moment to look back—whether it’s been a year of exciting wins or a time of learning and growth.
2025 is your opportunity to build on what worked, pivot from what didn’t, and focus on creating a year that’s bigger, better, and perfectly aligned with the life you want.
The key? Be your own driver. No one else is steering the wheel of your life—this is your journey, your choices, and your opportunity to shape the year you truly want. Own what comes next and make it nothing short of epic.
How can you make that happen?Start by asking yourself: Where do I want to be this time next year? Picture it. Imagine the life, the lifestyle, and the warmth that surrounds you. Get clear on that vision—whether it’s metaphorical or literal—and then work backwards. Be realistic and optimistic at the same time.
What choices will you need to make differently to bring that vision to life?
Maybe it’s setting the wheels in motion for retirement.
Maybe it’s leaning into your Prime Time and continuing to work on projects you’re passionate about.
Maybe it’s choosing to spend time with loved ones to build stronger bonds.
Or maybe it’s getting your financial gears in order, shifting your investments, and ending 2025 feeling more secure and in control.
They’re your goals, and if you don’t set them, you can’t aim for them. So take the time to dream big, map it out, and make those goals as epic as you are. Here’s to a brilliant new year ahead—let’s make it count.
Here’s a simple little six question quiz to get you thinking about the year ahead.
I’ve built you a simple quiz to help with your goal setting. Take a moment to reflect and answer these questions honestly—there’s no right or wrong answers, just a chance to get clear on what matters to you in 2025. It’s just 7 questions — designed to get you thinking about what’s important to you.
Take the 2025 goal setting quiz
I wish you a truly happy New Year—here’s to making 2025 nothing short of epic together! Got a goal you want to share? Tell me in the comments here…
Many thanks! Bec Wilson
Author, podcast host, columnist, retirement educator, and guest speaker
Learn how to have an epic retirement in just six weeksWith the new year just around the corner, it’s the perfect time to set the wheels in motion for an epic 2025. 🚀
Here’s your friendly reminder: the Autumn Edition of the How to Have an Epic Retirement Flagship Course kicks off on 13th February 2025. 🎉
Are you ready to make big progress in the year ahead? Let’s do this together! 💡
The 25% Earlybird Discount is still available but not for much longer as the course is booking up. Don’t miss out on locking in the best price we offer for this course—just $359 (down from $479).
And here’s the best part: couples can join in together by simply purchasing an additional workbook at sign-up. (I want everyone to learn and benefit from this stuff!)
Ready to start planning your epic retirement? Then don't delay as the discount won't last. ➡️ Book your place at the earlybird discount now
Want to learn more or download our course brochure? ➡️ visit the website here
Here’s what some of the nearly 1000 people who’ve completed the course in 2024 say about it.
“Completing this course was very useful to help guide me (and my partner) through discussions we had perhaps skirted around before and focused me on topics I was avoiding. Helped us to be a LOT more prepared when going to a financial advisor for personal advice” Lyn
“The course covered so many aspects I have wondered about, providing clarity and very useful information, particularly in relation to the financial and future aged care aspects. However I have also greatly benefited from becoming aware of the more holistic aspects including happiness and fulfillment, with the checklists and ideas broadening my outlook, as well as gaining insight into the transitional period of adjustment, which I hadn't previously considered. I would recommend this course to my family and friends and anyone who is contemplating retirement but unsure about the process or desired outcome.” Tracey
So glad I took the plunge to do this course. I has given me greater confidence about how I would like to approach my own epic retirement. The content was practical and very informative. I will be recommending to my friends." -- Jack
This course has changed the way I think about the next twenty years. I am so excited by the potential of what I want to achieve in the future - as if I was a twenty-year-old again. Thank you Bec - your course has provided me with so much to think about and the resources to find all the answers to my queries. What a difference your course has made to my confidence and future happiness." -- Gail
There’s lots more testimonials in the brochure.
What's included in the course?It's packed with value for the $359 earlybird price!
🌴 There's 14 modules/8.5 hours of on-demand education videos, dripped by week (yes! you can watch them in your own time)
🌴 Live Q&As with retirement experts each week (6 events over 6 weeks where you ask the questions)
🌴 A practical, professionally published 150 page printed workbook - posted to you (also provided in digital)
🌴 An engaging online community for course participants to interact and do challenges
🌴 Quizzes to help deepen your knowledge
🌴 And a signed copy of How to Have an Epic Retirement - the book - posted to you
Complete the program alongside a whole cohort approaching retirement. Learn how to make your retirement truly epic and have fun doing it.
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December 21, 2024
Five game-changing tips for everyone retiring this year
Course: The next program is kicking off on the 13th February 2025
Feature: Five game-changing tips for everyone retiring this year
From Bec’s Desk: It’s the last Epic Retirement newsletter of 2024
Prime Time: Bec’s mailbag: Your questions answered
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
6 weeks of epic retirement education AND six live Q&As with the retirement industry's bestThe How to Have an Epic Retirement Flagship Course for February 2025 is booking up. And the reason why I think that is is that it is more than just a course.
I want you to grasp the big lessons, but I also want you to develop your curiosity and confidence, learning about this stage from other experts too.
So I've asked a really respected selection of retirement industry experts along for one live Q&A per week during the six weeks of the course. This is in addition to the 14 module course program + 150 page workbook, a signed copy of How to Have an Epic Retirment and so much more (see below).
There’s a 25% early bird discount for a limited time, but it won’t last.
The course kicks off on the 13th February 2025.
Want to learn more or download our NEW brochure? ➡️ visit the website here
Here’s what some of the 650+ people who’ve completed the course in 2024 already say about it.
So glad I took the plunge to do this course. I has given me greater confidence about how I would like to approach my own epic retirement. The content was practical and very informative. I will be recommending to my friends." -- Jack
This course has changed the way I think about the next twenty years. I am so excited by the potential of what I want to achieve in the future - as if I was a twenty-year-old again. Thank you Bec - your course has provided me with so much to think about and the resources to find all the answers to my queries. What a difference your course has made to my confidence and future happiness." -- Gail
There’s lots more testimonials in the brochure.
A couple looks into their Epic Retirement, wondering what comes next: Source: Dall-eFive game-changing tips for everyone retiring this yearI’ve got some food for thought for everyone stepping into their Prime Time or Epic Retirement right now.
To everyone retiring this month and next – congratulations!
What an incredible week it has been! Every few minutes in The Epic Retirement Club, someone has shared their big news: “I just finished my last shift!” “I’ve retired after 39 years as a teacher!” “I can’t believe it—I’ve just retired!”
From all corners of the globe, these announcements have been flooding our Facebook group, each one brimming with excitement and emotion. It’s enough to send chills down your spine and maybe even bring a little tear to your eye—the pure joy and anticipation in every single post is just infectious.
This week, to go with my Christmas message, I’ve got some food for thought for everyone stepping into their Prime Time or Epic Retirement right now. You’ve truly inspired me with your energy and enthusiasm. In fact, I’ve decided to officially name this time of year “Epic Retirement Week”—the week before Christmas break-up—every single year from now on.
As you head into this new phase, here are five little pieces of food-for-thought to carry with you into Christmas and beyond:
1. Time is now your currency – spend it wiselyFor years, your life has been shaped by work obligations, family commitments, and the need to earn money. But now, as you sail into your Epic Retirement or Prime Time, it’s time to realise that time is your most valuable currency.
Spend it intentionally, doing things that feel meaningful to you—especially in these early days. A great way to start is by making a simple list:
Things that will give you a return on your time (joy, purpose, connection).
Things that won’t (the ones you’re ready to let go of).
Some ideas:
Make a weekly date with family members you love but haven’t had enough time for.
Dive into a hobby you’ve been putting off—or rekindle an old one.
Create a morning routine that brings you joy instead of the rush out the door.
2. Retirement isn’t a destination – it’s just the beginningMany of you have been aiming for retirement like it’s the finish line. But here’s the truth: getting here is just the start. The good bits begin now—but only if you make them happen.
Think of this as the second (or third) act of your life. It’s a time to be curious about what’s possible:
What skills do you want to build or use in this phase?
How can you fill your days with things that light you up—like volunteering, joining a social group, or exploring a part-time job?
If it’s all too overwhelming — just pick one or two things to try on for size.
3. Start with a ‘bridge’ project to ease the transitionIt’s natural to want a bit of downtime after years of work. But I challenge you to find something to jumpstart your retirement—a bridge project to help you transition.
Having something to focus on, whether it’s physical or mental, can reduce that feeling of irrelevance some people experience when they suddenly stop working (or recognise they have three months later). It gives you a sense of connection and purpose while you adjust to this new chapter and find the next things.
Ideas for a bridge project:
Tackle a home renovation or decluttering project.
Research and write your family history.
Start learning a new language and plan a trip to use it.
4. Let spending reflect your valuesYes, financial planning matters. But retirement isn’t just about money—it’s about living intentionally.
Take a moment to reflect on your spending habits. Are they aligned with what you truly care about? Use this time to reset your financial goals to match your values:
Invest in experiences over things—your future self will thank you for the memories.
Prioritise your health—it’s your greatest asset now.
Enjoy life now, while still saving wisely for later.
5. Give yourself grace – change can be messyRetirement can feel a bit like stepping off a treadmill that’s been running for decades. It might be exhilarating, disorienting, or even unsettling. And that’s okay.
Give yourself time to find your rhythm. Embrace the mix of feelings—excitement, discomfort, even sadness—and allow them to flow through you. This is a season of self-discovery, so be patient with yourself.
Two big things to keep in mind:
You may need a few months just to relax and decompress.
You might try new things and realise they’re not for you—and that’s perfectly fine.
Lean into this phase with curiosity, not judgement. The beauty of your Prime Time and your Epic Retirement is that it’s yours to shape, one day at a time — because hopefully you have the financial confidence to not be led by the need to work anymore.
Congratulations again—your Epic Retirement or Prime Time is here. Here’s to making this Christmas and the year ahead truly unforgettable!
It’s the last Epic Retirement newsletter of 2024
What a year it has been! I have to start by saying thankyou to each and every one of you.
I have so much to be grateful for, excited about, and proud of as we wrap up 2024. But mostly, I’m just incredibly thrilled with the amazing interest in How to Have an Epic Retirement and, more importantly, in seeing so many of you building your own epic retirements so proudly and keenly.
My book ends 2024 back in the Amazon Top 200, sold out across Australia in major retail bookstores, with another reprint already underway and plenty of orders in the queue. It’s also the #3 bestselling self-help book by an Australian author in 2024—an absolute dream come true!
The Epic Retirement Flagship Course now boasts nearly 1,000 alumni, and the reviews? Pretty much all five stars. That’s what I call an incredible first year!
The Epic Retirement Club on Facebook has grown to nearly 270,000 members worldwide and is growing like topsy. I have to give a HUGE thanks to our incredible moderation team for keeping everything running smoothly.
The Prime Time podcast has surpassed 360,000 downloads—and it’s only a year old and released weekly! A massive thank you to Nine podcasts for letting me loose. And to all our listeners for being such passionate supporters and recommenders of the show.
And to everyone who spreads the word about How to Have an Epic Retirement and everything I’m working on—thank you from the bottom of my heart.
Prime Time—my next book—came back from the editor yesterday (and they didn’t change much!). I’ll be spending my holidays polishing the manuscript into its final shape, and I couldn’t be more excited to share it with you in 2025 as well as bring to life the international editions of How to Have an Epic Retirement which are coming to live now.
Holiday closure updates
The Epic Retirement Club (our huge Facebook group) will be taking a break from 23rd December to 7th January.
My newsletters will pause during this time as well - but not for too long — I can’t stay away.
My regular columns in The Age and The Sydney Morning Herald will return on 12th January.
The Prime Time podcast finished up this week and will resume on 16th January.
In the meantime, the Epic Retirement Flagship Course is on sale with a 25% off Earlybird Deal, but time is ticking! If you want to lock in the best price, now’s the time to book your place—it’ll get a bit more expensive as we get closer to kickoff.
And don’t forget to send me your letters! I love them. Please, send them to bec@epicretirement.com.au.
Many thanks! Bec Wilson
Author, podcast host, columnist, retirement educator, and guest speaker
Bec’s mail bag: your questions answered
Hello, Primetimers! It’s the final episode of Prime Time for 2024, and we're celebrating YOU—our amazing community—with stories, questions, and reflections that define what Prime Time is all about. Join Bec and producer Gen Rule for a heartwarming finale before we return in 2025 with more exciting guests and topics to inspire your Prime Time journey.
LISTEN TO THIS EPISODE OF THE PODCAST HERE:
Last of all, if you haven’t read the book, you can order your copy from Amazon online - they are still doing next day shipping in most capital cities - so you might get a copy before Christmas. It’s the only place I know there’s definitely stock available.
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
December 14, 2024
So you want to plan for an early retirement? Here’s the process
Course: Selling spots like hotcakes 🥞
Feature: So you want to plan for an early retirement? Here’s the process
From Bec’s Desk: Watching a giant wave of retirement crash on the Epic Retirement community
Prime Time: Why 'grandparents are the glitter glue' for families across Australia
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
The Autumn Flagship Course is now on saleOur next course - The Autumn Edition - of the How to Have an Epic Retirement Flagship Course is selling like hotcakes. Its 25% off right now for Earlybirds but it won’t be at this price for long.
This is the first course for 2025 — and it kicks off on the 13th February. I can’t wait.
Want to learn more or download our NEW brochure? ➡️ Visit the website here to download a brochure ➡️ Book your place.
If you’re wondering whether it’s good - read the feedback from our Alumni.
"Excellent course! Recommended to me by a friend for which I am very grateful. I have already embarked on my retirement journey so only regret is that I didn't know about this sooner. However the content of the course was very comprehensive so there is still so much to think about and to work through. I am sure that it will help me to have an 'epic retirement'. :)" Lyn
"Completing this course was very useful to help guide me (and partner) through discussions we had perhaps skirted around before and focused me on topics I was avoiding. Helped us to be a LOT more prepared when going to a financial advisor for personal advice" Monica
This course has changed the way I think about the next twenty years. I am so excited by the potential of what I want to achieve in the future - as if I was a twenty-year-old again. Thank you Bec - your course has provided me with so much to think about and the resources to find all the answers to my queries. What a difference your course has made to my confidence and future happiness." -- Gail
That’s just the beginning! Download the brochure available on the website for more feedback and inspiration.
So you want to plan for an early retirement? Here’s the processEarly retirement is one of those big life goals that gets people dreaming.
Whether you’re burnt out because it’s the end of the year in a stressful job, or you simply have a desire to spend more time with family, or maybe you’ve got a vision of life outside the grind – in your Prime Time years – which so many in their 50s are starting to feel. Frankly, the idea of retiring early or shifting gears to an easier life can be exciting—but it needs some serious planning.
Early retirement comes with unique challenges. You’re dealing with more years to fund yourself through, less time to build up savings, and different rules about when you can access your super.
So, let’s dive into the key areas to consider when you want to think about making early retirement a reality.
1. Think about your official retirement firstRetiring early doesn’t mean you can skip the basics of long-term retirement planning. If anything, you need to think even more carefully about ensuring your money lasts—especially when you have decades ahead to fund your living and lifestyle ambitions through.
Many people who want to retire early get excessively focussed on building savings outside of super, but stop and think about it – that would have them neglecting the enormous tax advantages that super offers (and boy oh boy they’re good!). Here’s why that’s a mistake in my opinion.
We pay less tax when we contribute to super and we also pay less tax when our super generates income and returns. That means the earlier you get money into super and compounding for you, leveraging those lower tax rates, the bigger it will grow.
And, once we’ve retired officially, by reaching 60 and giving up work; or by accessing our super unconditionally at 65, we can withdraw our super tax free. This makes it one of the most efficient vehicles for funding retirement.
Your goal should be to build your super early and let time and compounding do their thing. Maximise concessional contributions (like salary sacrifice) and non-concessional contributions while you’re earning. Once you know your long-term retirement is covered, you can shift focus to what you’ll need to fill the gap in your Prime Time years – the years before you can access super and want flexibility.
2. Figure out how you’ll fill your gap - the years before you can get your superHere’s the tricky part about early retirement: unless you’re past preservation age and meet the conditions of release, your super is off-limits. That means you need a plan to fund your ‘early retirement’ (or I prefer the term Prime Time) flexibility until you can access it.
You can fill the gap in two sensible ways – you can build a pot of money you can spend down; or you can build a sustainable investment portfolio that can provide you with a steady income.
Let’s consider both.
Build a pot of fundsIf your plan is to head into a more flexible way of life (your Prime Time) at 55 you might want to focus on saving the amount you want to have in income, for the years you want to have it. So, if you need $70,000 per year, and you want to go 5 years early, then you’ll need 5 times $70,000. And it makes good sense to invest this conservatively, unless you’re ok with having to change your plans if the markets fall apart.
Build an investment portfolioThe other option is to build up an investment portfolio that’s designed to deliver a steady income through dividends and other distributions that won’t run dry before you hit preservation age of 60. This is a strategy that will need some careful planning - and maybe benefit from some advice to ensure you’re invested in the right kinds of investments for your goals.
And in either case, you’re going to need to be tax-savvy. Any income you earn outside super will be taxable, so minimising capital gains tax and managing your effective tax rate is crucial.
Short-term savings to spend down: If you’re retiring, say, five years before preservation age, you might focus on building a pot of money outside super that you plan to spend down completely. For example, if you need $50,000 a year, you’ll need $250,000 in accessible savings. To avoid market volatility, it’s a good idea to keep these funds in cash or low-risk investments.
A sustainable investment portfolio: Alternatively, you can build a portfolio designed to deliver steady income (think dividends or distributions) or withdrawals that won’t run out before you hit preservation age. This strategy requires careful planning to ensure your withdrawals align with your long-term needs.
Both approaches require you to think about tax. Income from investments outside super is taxable, so keeping your effective tax rate in mind is crucial.
3. Demolish your debtsIf you’re serious about an early retirement, one of the most powerful things you can do is eliminate big, recurring expenses—starting with your mortgage.
Housing is usually the single biggest cost for Australians. Paying off your home before retirement doesn’t just give you peace of mind; it slashes the amount you need to fund your lifestyle. Without a mortgage, you need far less income, and every dollar you save on repayments is effectively tax-free and can be deployed towards savings or lifestyle.
For example, the average Australian mortgage costs around $3,900 a month. To cover this in early retirement, you’d need nearly $1.2 million in investments at a 4% withdrawal rate. Compare that to a mortgage-free lifestyle, and your income needs drop significantly.
It’s not just about the mortgage, either. Look at your broader expenses:
Can you downsize your home to free up equity?
Are there other big-ticket costs you can clear before you retire?
Reducing your expenses doesn’t mean giving up the good stuff; it’s about clearing the big hurdles so you can spend more on what you truly value.
4. Make flexibility your focusEarly retirement – or I still prefer to think about it as entering a period of life with greater choice and flexibility, our Prime Time – isn’t just about quitting your job—it’s about creating options. Whether it’s stepping back to part-time work, changing careers, or focusing on hobbies and passions, financial independence is all about choice.
The key to flexibility is building a solid foundation:
A well-funded super for long-term security.
A pot of funds that lets you live well before you reach preservation age.
Minimal debt and streamlined expenses for peace of mind.
When you focus on these three things, you’re not just planning for early retirement—you’re setting yourself up for a life that’s rich in freedom, purpose, and opportunity. You’re setting yourself up to have choices.
The first giant wave of Epic retirements has arrived! This year, The Epic Retirement Club has truly come alive as tens of thousands of people in our community use the year end to call ‘time’ on their retirement, and the excitement is electric. Our community is buzzing this week with so many of our members who joined throughout the year sharing their retirement photos, celebrating their workplace farewells, and wondering with anticipation about what lies ahead. We’ve welcomed so many new members too — as you spread the word about your epic retirements.
If you look around your own community, you might notice the same trend—so many people taking the leap into retirement in the lead-up to Christmas. It’s a time of reflection, celebration, and new beginnings this year, and it’s clear that the choice to retire has never felt more possible—or more exhilarating.
I’m so excited for each and every one of you! And if you’re still in the planning phase, I hope you watch with joy and inspiration, knowing that one day, this could be you stepping into your own Epic Retirement. If you want a bird-eye view of the excitement - simply pop into the Epic Retirement Club and say hi.
—
If you’re winding down for the Christmas season, I want to wish you a very Merry Christmas and a Happy New Year! I’ll still be around and will send out a few newsletters over the last days of December and the month of January. But, the podcast will take a short hiatus after this week’s episode and return mid-January. In the meantime, it’s a great chance to dive into the back catalogue if you haven’t already—most episodes are evergreen, packed with valuable lessons we can all learn from. This week’s with Dr Michael Carr-Gregg will put a smile on your face — it did mine.
The newspaper articles are off until the 12th January; the Epic Retirement Club on Facebook is going to go on pause from the 23rd Dec - 7th Jan too.
I’m going to spend Christmas and the summery weeks between my home and the beach, and in between swims and meals I’ll be working on the edit review of Prime Time and finishing the manuscript for the International edition of How to Have an Epic Retirement. It’s peaceful work and it’s interesting trying to piece together the ways people can best understand the choices they have. Then, once I hit the editing deadlines I’m taking a break.
To everyone who has been part of the Epic Retirement and Prime Time community this year, a heartfelt thank you. Your readership, support, and enthusiasm mean the world to me, and I feel truly grateful.
There are so many people to thank for making this year truly Epic! A special shoutout to the incredible community moderators of The Epic Retirement Club on Facebook—David, Stephen, Yvonne, Jillian, Robert, William, and Marcaus—you’re absolute legends! To Genevieve and Joe and the team at Nine Podcasts and the many wonderful guests we’ve had, you rock! To my editor at The Age and The Sydney Morning Herald apologies for so many words - what fun we’ve had! And my publisher Sophie - magnificent. To my course team - Nina, Alex and Brooke - amazing; and our expert guests Mark, Andrew, David, Jen, Fiona, Sue and Rowena - thankyou you’re superb! To our sponsors and supporters a huge thankyou - we couldn’t do it without you. And, of course, a huge thank you to everyone who shared the Epic message and helped others find their way to this community. You’ve made it all the more special!
I’m lucky enough to do what I love because you enjoy and benefit from it—and I never take for granted the importance of keeping it useful, entertaining, and interesting for you.
So, as summer in Australia rolls in, take the time to soak it all up. Talk to your loved ones about your dreams, goals, and hopes for the future. Then, start turning those conversations into plans for 2025—because there’s no better time to bring your vision to life! And if this year marks your retirement - enjoy the transition and embrace it for what it is — change can be both exciting and terrifying all at once.
I’m here to help. Don’t hesitate to write me a letter at bec@epicretirement.com.au. Merry Christmas and Happy Holidays.
Many thanks! Bec Wilson
Author, podcast host, columnist, retirement educator, and guest speaker
Why 'grandparents are the glitter glue' for families across AustraliaWe learn the recipe for building a great relationship with your grandchildren right from the start
In this episode, I’m joined by one of Australia’s most trusted psychologists, Dr Michael Carr-Gregg. He’s a renowned expert on mental health and families, the author of 18 books, and a familiar voice as a broadcaster. Today, we’re diving into an exciting and quickly-evolving topic: grandparenting in the modern world.
Many of our Prime Timers are approaching this pivotal stage of life or early in their grandparenting years and are trying to navigate their role carefully. But the role of a grandparent isn’t what it used to be—it’s more dynamic, complex, and meaningful than ever before. In fact Dr Carr-Gregg says that grandparents are the ‘glitter glue’ for Australian families.
Dr Carr-Gregg’s latest book, Grandparents: A Practical Guide to Navigating Grandparenting Today, is packed with invaluable insights. On the show, he shares the big lessons every modern grandparent needs to know—including his recipe for building a great relationship with your grandchildren right from the start.
LISTEN TO THIS EPISODE OF THE PODCAST HERE:
The little book that could!
Last of all, We’re finishing the year with How to Have an Epic Retirement as the #3 best selling self help book in Australia by an Aussie author for 2025! If you haven’t read the book - well, you’ll probably find it’s sold out in stores like Big W and Dymocks who usually stock it (do have a look - you might find one!). You can order your copy from Amazon online. Or you can ask a bookstore to order it in.
I have a few copies in my little online store - if you want them sent by Express Post. The last Australia Post window is 16th December.
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
December 7, 2024
Why the cost of a comfortable retirement has skyrocketed over the past 20 years
Course: February is here! Book your place now
Feature: Why the cost of a comfortable retirement has skyrocketed over the past 20 years
From Bec’s Desk: The week for lasts
SMH/TheAge: This new law could transform your retirement, but the clock is ticking
Prime Time: Housing, interest rates and the economy for 2025
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
Autumn Edition of the
How to Have an Epic Retirement
Flagship Course is Here!We’re thrilled to announce that bookings are now open for the first course of 2025, the Autumn Edition of our How to Have an Epic Retirement Flagship Course! 🎉
🌟 Early Bird Special: Be among the first 200 to book and enjoy a 25% discount. Spots are filling up fast—our Friday launch was met with an incredible response, and we couldn’t be more excited! 🌟
📖 Want all the details? Check out our brand-new brochure or learn more on our website. ➡️ Visit the website here ➡️ Book now
Here’s what participants from the Summer Edition had to say:
"Excellent course! Recommended to me by a friend for which I am very grateful. I have already embarked on my retirement journey so only regret is that I didn't know about this sooner. However the content of the course was very comprehensive so there is still so much to think about and to work through. I am sure that it will help me to have an 'epic retirement'. :)" Lyn
"Completing this course was very useful to help guide me (and partner) through discussions we had perhaps skirted around before and focused me on topics I was avoiding. Helped us to be a LOT more prepared when going to a financial advisor for personal advice" Monica
And that’s just the beginning! Download the brochure available on the website for more feedback and inspiration.
Why the cost of a comfortable retirement has skyrocketed over the past 20 yearsIt’s interesting to see just how far we’ve come as a nation here in Australia.
Do you remember life 20 years ago? The iPod was cutting-edge tech, petrol didn’t make us wince at the bowser, and retirement planning felt simpler. Back then, most people’s retirement plans revolved around the Age Pension and defined benefit schemes. They expected to live into their early 80s, not their 90s, and their idea of comfort didn’t include jet-setting, eating out regularly, or upgrading their tech every few years.
Fast forward to today, and retirement is a completely different ballgame. Costs have skyrocketed, lifespans are stretching well into our 90s, and the concept of a “comfortable retirement” has evolved into something much bigger. Now, retirement isn’t just about slowing down—it’s about living. People are entering this phase with travel goals, lifestyle plans, and a hunger to embrace life’s best.
We’ve said goodbye to most defined benefit schemes, but superannuation has stepped up as the main game of retirement savings. Today, we can confidently say Australia’s super system is one of the best in the world.
This week, the team behind the ASFA Retirement Standard—my go-to for explaining retirement costs—released a fascinating then vs now comparison, showing how retirement expenses have shifted since 2004. Spoiler alert: it’s not just inflation driving up costs; expectations have soared too. Today’s retirees want more from retirement.
So what’s changed? 1. We’re living longerBack in the day, retirement was a 10-15-year phase. Now, it’s 20-30 years or more. That’s brilliant news for ticking off your bucket list but means your savings need to stretch further—sometimes a lot further.
2. Healthcare costs have exploded
With longer lifespans come higher medical bills. Private health insurance has become a must for many retirees, and it’s not cheap. Yes, we’re getting better care, but those extra years come with eye-watering price tags.
3. Lifestyle expectations have shifted significantlyGone are the days when retirement meant staying close to home and pottering in the garden. These days, retirees want to travel, indulge in great food and wine, and stay connected with the world through tech. "Comfortable" has taken on a whole new meaning.
4. Essentials are most expensive than everThe basics—like electricity, water, and food—have all skyrocketed.
Electricity is up 150% since 2004.
Medical and hospital services have increased by 112%.
Food prices are up 72%, with fresh produce like fruit and veg leading the charge.
Property rates and water have surged by 106% and 161%, respectively.
The numbers behind today’s comfortable retirementIn 2024, the retirement landscape is anything but simple. Retirement budgets have jumped by 75% since 2004, with “comfortable” living now requiring:
$73,031 a year for couples.
$51,814 a year for singles.
The reality? Retirement has become a marathon, not a sprint.
The ASFA Retirement Standard now suggests you’ll need:
$690,000 in super for a couple.
$595,000 for a single person.
This assumes you own your home outright and draw down on your super to supplement the Age Pension. If those numbers feel daunting, don’t panic—there are plenty of ways to make your money stretch.
Here’s some good news for the here and nowLet’s end on a positive note: retirement costs actually dropped by 0.5% in the September quarter of 2024. Lower fuel prices and energy rebates helped ease the pressure, and over the past year, retirement budgets rose by just 1.8%—well below the 2.8% inflation rate for the general population.
It’s the week for lasts! In the week just gone I’ve done my last speaking gig for 2024 — speaking to 422 amazing women at the Women in Super Christmas Party in Sydney. This was a buzz. Check out the photos! If you’re in the super industry - keep an eye out for Women in Super — they’re doing amazing things.
I’ve also filed my last newspaper column to The Age and The Sydney Morning Herald editor for the year. You can read it below. It’s inspired by all your letters asking how to navigate the financial advice market.
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I have to admit, I’m a bit frustrated right now. The book has been flying off the shelves in the lead-up to Christmas, and while that’s amazing, there’s a catch—major retailers don’t tend to reorder books unless they’re recent releases (apparently, this process is now completely automated). That means many stores haven’t restocked, and they won’t know to unless someone asks for it.
So here’s where we’re at: stock is running low everywhere except Amazon. You might still spot a few copies in Dymocks stores, but Big W and QBD look almost completely sold out for now.
It’s definitely a first-world problem to have the book snapped up so quickly, but I totally get how frustrating it must be for anyone trying to grab a copy in-store. On the upside, this might explain why How to Have an Epic Retirement is still hanging out in Amazon’s top sellers!
If you’re keen to get your hands on a copy before Christmas, your best bet is to order it online from Amazon. I appreciate your patience and support—thank you for helping the book find its way into so many hands this holiday season! 💛
I’m selling them signed at shop.becwilson.net too. But you’ll need to order THIS WEEK to beat Australia Post’s last mailing dates.
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IMPORTANT — I’m putting together a last podcast of the year we’re calling “Bec’s Letterbag” and I need you to send in your letters for it. Send me your questions, your stories about finding your way to an epic retirement and your thoughts on the things you’ve learnt. And get ‘em in fast please - as we need time to record! If you want to ‘record yourself’ as an audio track on your phone - give it a go and send me an audio file we can play on the show. Email me at bec@epicretirement.net.
And have a listen to this week’s pod with Diana Mousina - the deputy Chief Economist of AMP. We talk all things housing market and the economy for 2025 — and she knows her stuff. (below)
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Like everyone, I’m looking forward to a few weeks with no responsibilities and no deadlines. Bring on December 20! I’m taking most of January off. Phew!
Many thanks! Bec Wilson
Author, podcast host, columnist, retirement educator, and guest speaker
This new law could transform your retirement, but the clock is ticking
Extract of article published in print in The Age, The Sydney Morning Herald, Brisbane Times, WA Today on Sunday 8th December 2024.
The government made a bold announcement this week – one that could become a legacy-defining move for whichever party sees it through.
With bipartisan support, Labor has committed to passing legislation this term that will allow superannuation funds to offer affordable, tailored financial advice for people with less complex needs. It’s a transformative step that could reshape how financial advice is delivered in Australia – but there’s plenty to unpack here for the average person.
A tight deadline and big promisesFirst, the timing: The federal government has committed to getting this done before the term ends, meaning it must pass during the sitting days starting 6th February – leaving just over a week before the latest possible start of election season.
That’s a tight deadline and a big promise. If they miss it, the legacy falls to the next government.
Many commentators believe the government won’t sit again before an election, which would leave this legislation stranded until midyear, even with bipartisan support – delaying much-needed advice for Australians by another six months.
A transformative change for retireesSecond, the impact: This change has the potential to transform the lives of Australians approaching retirement. If the government can deliver, it will provide the kind of timely support that has long been missing for those navigating this critical stage of life.
This legislation addresses key challenges for both the financial services industry and consumers. Surprisingly, few are discussing just how significant these changes could be, even though behind closed doors, it’s reshaping the advice landscape all over again.
The second tranche of the “Delivering Better Financial Outcomes” package introduces a new class of financial adviser designed to provide simple, affordable advice on products issued by prudentially regulated companies.
Super funds step upFor the first time in a long time, super funds will be able to offer advice to their members—many of whom have relatively straightforward financial needs, such as managing their superannuation investments, their home and mortgage, and their age pension income as part of a cohesive financial plan.
Current laws severely limit super funds in this regard, often leaving members with few options other than seeking independent advisers. These advisers typically provide an initial financial plan and most then offer ongoing portfolio management for a fee through their chosen investment platforms and strategies.
This approach doesn’t always align seamlessly with a member’s existing superannuation setup, often resulting in members moving into more complex, managed investment strategies and platforms that they may not fully understand.
This article continues. Read on, in The Age, The Sydney Morning Herald, Brisbane Times and WA Today.
Housing, interest rates and the economy for 2025
What’s next for the housing market as interest rates fall? In this episode, I chat with Diana Mousina, Deputy Chief Economist at AMP, who shares her expert insights on what 2025 might bring. Together, we explore the Australian housing market, inflation trends, and the future of interest rates.
We dive into the ripple effects of Trump-era tariffs, the challenges ahead for housing affordability, and the outlook for home prices in 2025. Diana sheds light on what’s happening in both urban regional housing markets, the complexities of downsizing, and the opportunities in intergenerational wealth transfer. Plus, she reveals where to look for the best opportunities in property and investment markets in the year ahead.
LISTEN TO THIS EPISODE OF THE PODCAST HERE:
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
November 30, 2024
Enshrining the role of super: it makes me want to ask why
Course: February program launching later this week
Feature: Enshrining the role of super: it makes me wonder why
From Bec’s Desk: The last push and one more big event
SMH/TheAge: Matthew’s phone was snatched from his hand. In minutes, he’d lost thousands (I want everyone to read this please!)
Prime Time: Talking to your adult kids about money
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
Autumn Flagship Course coming very soonOur new, Autumn Edition of the How to Have an Epic Retirement Flagship Course is taking expressions of interest knowing our Earybird for the February program will be launching later this week. There will be a 25% early bird discount for the first 200 people so get in there and get your name down. February will be here before you know it.
Want to learn more ➡️ visit the website here
New legislation to protect superannuation’s purpose. Image source: Dall-e Enshrining the role of super: it makes me want to ask whyEver worried about the rules of super changing before you got to spend it?
If you’ve ever been concerned that a future government might see superannuation as a giant piggy bank and change the rules before you retire, you’re not alone. A piece of legislation rushed through on Friday night shows the current government wants to address this concern. And today, I want to talk about why—because we all have a role to play in protecting our superannuation in the years ahead.
The Superannuation (Objective) Bill 2023 was passed late Friday, officially enshrining the purpose of superannuation in law. This bill defines the objective of superannuation as:
"To preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way."
The government’s stated aim is to ‘provide clarity and stability to the superannuation system, ensuring that future policy changes align with this fundamental purpose.’ Not a bad aim, considering the widespread recognition that our superannuation system is one of the best in the world.
This legislation doesn’t stop future governments from trying to change the rules for their own political benefit, but it does make it harder. It requires any Member of Parliament who wants to introduce changes to the superannuation system to provide a ‘statement of compatibility’ explaining how those changes align with the newly legislated objective.
I’m fairly apolitical when it comes to super—I don’t care which government is in power. I only care that our money stays our money, that we can access it tax-free at a reasonable age, and that we enjoy our epic retirements without constantly shifting rules. So, I welcome this simple enshrinement of super. However, it did make me wonder what the current government might be afraid of future governments doing to the system they introduced back in 1992. Clearly, the Labor government has some hypotheses. This new legislation certainly gets in their way. So today, I dug around and explored some of the things the media has raised as potential concerns. Interestingly, each of these would be slowed—or even thwarted—by the need to explain how it aligns with the enshrined ‘purpose of superannuation.’
Hypothesise with me.
They could try to use superannuation as a giant piggy bank
Future governments—of any political persuasion—might see superannuation as an easy source of funds to balance the budget or support other initiatives. Under pressure to fund promises like infrastructure or social services, they could tap into the super system by adjusting tax rates or making policy changes. While the purpose of superannuation is now enshrined in law, subtle measures—like raising taxes on super earnings or restricting access—could erode its value. These changes might be sold as efforts to make the system "fairer" or "sustainable," but they could chip away at the benefits for those who have spent decades working hard to save for a comfortable retirement.
Squeeze or freeze the super guarantee
Superannuation guarantee rates are set to rise to 12% by 2025, but there’s always a chance future governments could freeze or even reduce this rate if the economy takes a dive. The SG rate is often seen as a hidden cost by businesses, and if the economy falters, governments might cave to pressure and delay or cut the rate. This would undermine long-term savings and make super less reliable for future retirees.
Play games with means testing and eligibility
While the new legislation sets the purpose of superannuation, it doesn’t prevent governments from changing eligibility rules for the Age Pension in the future, particularly as super balances rise. If governments face pressure to cut spending or address concerns about fairness, they might limit access to the Age Pension for those with larger super balances, forcing people to pay for their own retirements. This could target wealthier retirees, but for those who’ve saved diligently, it could mean reduced access to government support, even if they aren’t "wealthy" in the traditional sense.
Look to use wealth inequality as an agenda item to change super
Politicians are likely to continue using wealth inequality as a reason to push for changes in superannuation. High super balances are often seen as a symbol of economic inequality, and with a focus on wealth redistribution, higher taxes or reduced concessions for those with larger balances could be justified as "leveling the playing field." But this could harm those who’ve planned responsibly for retirement, penalising them for their prudent saving strategies.
Tapping into super for housing or infrastructure
There’s growing concern about the possibility of superannuation being used to fund housing or infrastructure projects in the future. Some politicians are floating ideas like allowing Australians to dip into their super for first-home deposits or other housing needs. On the surface, it sounds like a potential solution to help younger generations get into the property market, and the appeal of capital gains tax-free growth is undeniable.
However, the superannuation industry is strongly opposed to early withdrawals, and for good reason. Super is designed to provide income in retirement, not to solve short-term housing issues. Once the door to early access opens—even with good intentions—it risks becoming a slippery slope. It could pave the way for superannuation funds to be redirected toward broader government-led agendas, such as large-scale housing developments or infrastructure projects, which stray far from the system's primary purpose: securing Australians’ financial futures.
This debate raises critical questions about the balance between helping people today and safeguarding their retirement tomorrow.
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Let’s face it - while the recent legislation provides some clarity about the "purpose" of superannuation, it doesn’t guarantee your retirement savings will remain untouched. Politicians know that super is a massive and continually growing pool of money, and it’s always tempting to tinker with it for political or economic gain. Whether through higher taxes, reduced concessions, or changes to means testing, there’s no shortage of ways governments could adjust the system to meet their needs.
So all of us have one job — to stay vigilant and work together to act in our own interests as pre-retirees and retirees. Super is a powerful tool, but it’s also a political football that can be kicked around depending on the government of the day. And none of us want a less-epic retirement for ourselves or our children because of politics.
Two major developments in Australian politics unfolded this week around superannuation and retirement. The government formally enshrined the purpose of superannuation in legislation, clarifying its primary goal as providing income in retirement to replace or supplement the Age Pension. And, more interestingly, the government's proposal to increase the tax rate on superannuation balances over $3 million from 15% to 30% hit a roadblock in the Senate. Opposition from independents and concerns about the treatment of unrealised gains have left the legislation in limbo.
With Parliament now adjourned for the year and a federal election required by May, the legislation’s future is uncertain. Significant laws rarely pass in the eight weeks leading up to an election, making the likelihood of progress slim unless Labor is re-elected. If not resolved, this issue could become a hot topic on the campaign trail or it could be a dead duck. Either way, it’ll be fascinating to see how this plays out.
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This week, I’m heading down to Sydney to keynote the Women in Super Christmas party, and I’m pretty excited. They’ve got hundreds and hundreds of people attending—many more than expected—and I love it when that happens! If you’re going and you read this newsletter, please come up and say hi. Just a reminder that I live and work in Brisbane, so I don’t get to meet everyone all the time - and I really do love a chat. It’s always wonderful to meet you face-to-face and share ideas - especially when we can do so over a glass of end-of-year cheer!
This is my last event for the year - then I’m on the downhill run.
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Before I stop for some R&R, I’ll be going back into the book tunnel for a few weeks to finish the international edition of How to Have an Epic Retirement - which is now just weeks from deadline. I’m really enjoying laying out the western world’s retirement systems in one book. Makes Australia look like the lucky country in so many ways.
I’ll be launching the next How to Have an Epic Retirement Flagship Course for February later this week. There will only be a limited number of Earlybird 25% off spots so it will be worth your while getting in early. You can register your interest on the website.
If you haven’t already, make sure you read the article in the Sydney Morning Herald this week. It’s a crude and important lesson with a to-do list for you.
Finally, don’t forget to send me your letters! I love them. Please, send them to bec@epicretirement.com.au.
Many thanks! Bec Wilson
Author, podcast host, columnist, retirement educator, and guest speaker
Matthew’s phone was snatched from his hand. In minutes, he’d lost thousandsExtract of article published in print in The Age, The Sydney Morning Herald, Brisbane Times, WA Today on Sunday 1st December 2024.
Today I’ve got a frightening warning for everyone using a mobile phone. And it comes from a real story about Matthew, a friend’s son who was robbed using his own mobile phone last week – and a growing number of situations just like his are happening all over the world.
Matthew*, 26, was standing on the street corner at 7pm on a Friday night in Angel Islington in London, ordering an Uber on his mobile phone. A thief sprinted past, snatching the unlocked phone right out of his grip. Within minutes, a nightmare unfolded.
With the unlocked phone in hand, the thieves had an open and free pass into Matthew’s financial world. They immediately reset his phone password, then set about using his email address and text messages, which they had direct access to, to confirm two-factor authentication on his bank accounts.
They transferred thousands of pounds from his accounts, intercepting the text messages to authorise the bank transfers that come into your phone. Then they started purchasing online gift cards with his credit cards. They also reset his passwords, locking him out completely.
Then, they accessed his WhatsApp, messaging his friends and his boss, claiming that he’d lost his phone and was stranded and in urgent need of money. More than £7,500 ($14,627) was transferred from his accounts – everything they could access using his online banking cards.
Matthew was initially slow to act – caught off guard by the situation and unaware of the full extent of the thieves’ plan or how to respond effectively. Fortunately, he was with two friends who helped him get home.
Please - everyone - read the rest of this article and the “What to do to prevent it - in today’s The Age, The Sydney Morning Herald, Brisbane Times and WA Today. It’s not paywalled.
Podcast: Talking to your adult kids about moneyHow do you talk to your adult or nearly adult kids about money? Today, we’re diving into their financial literacy and what you can (and what you shouldn’t) do to help. It’s all about tackling those tricky, hairy topics that come up as your kids start gaining financial independence, flying the nest, and even building their own—right at the time when you’re focusing on planning for your Prime Time and retirement.
In this episode, we’ll explore practical strategies for teaching your kids about money, helping them become financially independent, and empowering you to stay on track with your own financial freedom and retirement goals. And we’ll talk about the bank of mum and dad too.
Joining me is Kate Campbell, a finance educator and host of one of the most popular podcasts for the 25-45 generation. Kate brings invaluable insights to help us navigate these challenges with confidence and clarity.
LISTEN TO THIS EPISODE OF THE PODCAST HERE:
Order signed copies of How to Have an Epic Retirement for gifting seasonYou can now purchase a signed copy of How to Have an Epic Retirement. I’ve popped up an Australian online store where you can order your copy and get it in time for Christmas gift giving. It’s something I love to do.
If you’re a corporate and want to give signed copies as gifts - we’ve got a ‘bulk deal’ too. (Or don’t hesitate to contact me by email for larger bulk options). But time is getting tight.
Thanks for reading Epic Retirement Australia! Subscribe for free to receive new posts and support my work.
November 23, 2024
Planning to Retire in 2025? Here’s how you can make it epic
Feature: Planning to Retire in 2025? Here’s how you can make it epic
From Bec’s Desk: Counting down
SMH/TheAge: Finally there’s some good news about super and retirement
Prime Time: How volunteering can help reshape your life in retirement
Autumn Flagship Course coming very soonOur new, Autumn Edition of the How to Have an Epic Retirement Flagship Course is taking expressions of interest. There will be a 25% early bird discount for the first 200 people so get in there and get your name down. It kicks off in Feb 2025.
Want to learn more ➡️ visit the website here
And, here’s a smart idea - Why not start prepping your boss to pay for it?! Quite a few of our recent attendees had asked their companies to support them doing the course. And increasingly, I’m getting asked about whether companies can offer it to their staff as a workplace benefit. Yes - they can! So can super funds!
Planning to retire in 2025? Here’s how you can make it epic If you’re considering retiring (in the modern sense) in the year ahead—stepping into one of the most exciting chapters of your life—and you want your retirement to be more than just the end of working, now is the time to start planning with intention. With the end of 2024 in sight, it’s the perfect moment to begin shaping the retirement you truly want.
Retirement today is no longer a quiet wind-down; it’s a chance to embrace purpose, adventure, and financial confidence over 25–35 vibrant years.
I want you to take the time to prepare, envision, and take action to make your retirement truly epic. Here’s how to get started.
Step 1: Define what retirement means to youBefore you dive into the details, take time to picture your ideal retirement. Everyone’s dream looks different—what’s yours? Think about three things.
Purpose: How will you spend your days? What will give you a sense of meaning?
Happiness: What activities, relationships, or pursuits bring you joy?
Adventure: Is travel on your list? A new hobby? Or even a part-time career doing something you love?
By defining your vision, you’re not just thinking about retirement—you’re building a mission for this exciting phase of life. And note - money is not a defining ideal.
Step 2: Get your finances and your financial confidence in shapeFinancial confidence is key to retiring well. In 2025, you want to feel secure, knowing your money can support your lifestyle and goals.
Create a budget: Figure out how much you’ll need each year to live comfortably while pursuing your dreams.
Learn how to layer your income: Understand how government pensions, superannuation, investments, and savings will work together to fund your retirement.
Leverage tax concessions: Make sure you’re maximising tax concessions and all other available financial benefits to stretch your money further.
If you’re not confident in your plan yet, the first quarter of 2025 is time to become literate, then, you might want to contemplate meeting with a financial adviser and make sure everything is on track.
Step 3: Prioritise your healthHealth is the foundation of an epic retirement. Without it, even the best plans can feel out of reach.
Make prevention a priority: Schedule your check-ups and start paying attention to your body’s signals.
Build healthy habits: Commit to daily exercise and better nutrition to support a longer, healthier life.
Learn about longevity science: Explore modern science on ageing and how to slow physical and mental decline.
By taking care of your health now, you’re setting yourself up for decades of enjoyment in retirement.
Step 4: Plan your time and adventuresRetirement is a gift of time—but how you spend it will shape your experience.
Structure your days: Think about how you’ll stay engaged and fulfilled. Whether it’s volunteering, picking up a new hobby, or simply spending quality time with loved ones, plan activities that give your days purpose. You need things to look forward to every week - things that give you a sense of belonging.
Dream big: If travel is on your list, start mapping out your dream destinations. Build your bucket list, research costs, and save for the adventures that matter most to you. Look ahead 3-5 years to get motivated and start prioritising both the trips of your dreams, and some trips you’d do if the opportunity popped up!
Step 5: Future-proof your housing visionWhere you live plays a huge role in your retirement experience. Now is the time to think ahead:
How do you live in a place that maximises your life goals now? Is that low maintenances or high lifestyle? Functional utility or affordability?
Is your home suitable for ageing in place?
Does it fit your lifestyle goals and financial plan?
Are there adjustments you can make now to increase comfort and accessibility?
Practical choices today can make a big difference in your long-term happiness and security.
Step 6: Get ready to transition - and consider doing it slowlyRetiring in 2025 is a big life shift, so take time to prepare mentally and emotionally.
Are there any skills, knowledge, or relationships you want to build before stepping away from work?’
Have you got some outside work projects to help you fill the gap in the first months while you establish longer term activities?
Do you have a support network to help you adjust to this new stage?
The key to a successful retirement is approaching it as a beginning, not an end - and not trying to become retired instantly — think of it as a continuum.
Make 2025 the start of something extraordinaryYour retirement is what you make it — and if you’re planning to do it in 2025 - do it well. With a little planning, this change can mark the beginning of the most rewarding and exciting phase of your life. Whether it’s focusing on health, building financial confidence, or ticking off bucket-list adventures, every decision you make now brings you closer to the retirement you’ve always dreamed of. As long as you’re proactive, curious and interested in the journey - not just the destination.
So, what’s your first step? Tell us in the comments.
Order signed copies of How to Have an Epic Retirement for gifting seasonYou can now purchase a signed copy of How to Have an Epic Retirement. I’ve popped up an Australian online store where you can order your copy and get it in time for Christmas gift giving. It’s something I love to do.
If you’re a corporate and want to give signed copies as gifts - we’ve got a ‘bulk deal’ too. (Or don’t hesitate to contact me by email for larger bulk options).
You can also order your copy from Amazon online and Big W online too. Or pick up a copy at your local Big W, or QBD stores.
What a week! This week I popped to Sydney for the Association of Superannuation Funds of Australia (ASFA) Conference. There was a reasonable-enough focus on retirement at the event, so I was keen to hear what all the experts were saying. Make sure you read my deep-dive in today’s The Age and The Sydney Morning Herald below. I came away rather pleased with the industry’s momentum!
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Other than that the week was a wipeout! My daughter left for overseas, and by day two I missed her so much I booked a holiday to go see her in a couple of months ☺️. Thankfully Qantas is now doing classic rewards dribbles throughout the year — I managed to score some tickets for a bargain. (Worth noting this change to the Qantas FF program folks! I love it when we can find good ways to travel for less).
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I released a wonderful podcast with David Halliday and Inspector Gunnar Hardy about volunteering with the SES. David is the lead moderator of The Epic Retirement Club and he lives our mission as a real inspiration and talks about how the volunteering is shaping his new sense of purpose beyond work. Have a listen — below!
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And the Summer Edition of the How to Have an Epic Retirement Course came to an official close (although we’re doing a bonus event Monday!). Thanks to everyone who has been a student. I’m loving your passion for learning about modern retirement — you make everything I do worthwhile.
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Last of all - I’m gearing up into 2025 — preparing to launch our next Flagship Course for February. And another in April. Exciting stuff!
Don’t forget to send me your letters about how you’re building your own Epic Retirement! I love them and I’m doing a Christmas podcast on your letters… Please, send them to bec@epicretirement.com.au.
Many thanks! Bec Wilson
Author, podcast host, columnist, retirement educator, and guest speaker
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Finally there’s some good news about super and retirementExtract of article published in print in The Age, The Sydney Morning Herald, Brisbane Times, WA Today on Sunday 24th November 2024.
This week, the superannuation industry gathered for its annual talkfest, and while these events can feel like an insider’s game, this year it was different – everyday people were the real winners.
The Albanese government announced some long-overdue reforms to the retirement phase of super – and the industry rallied around retirement for once. Together, the interest in, and the changes being made, might actually make your life easier as you approach retirement.
If you’re thinking, this sounds like industry talk, not my problem, let me stop you right there. These changes are aimed squarely at solving real retirement problems for everyday Australians like you – problems you might not even realise can be fixed.
For those approaching retirement in the next 10 years, there are three important shifts.
1. There will be changes to the retirement products offered by super fundsLet’s be honest: most Australians today won’t retire with millions of dollars in super. For the majority, it’s about piecing together enough for a comfortable life, with the pension often the largest income layer. But the media still frames retirement as a “wealth management” problem – something reserved for the super-rich.
The reality? Retirement isn’t about managing millions, it’s about managing enough. That’s where the reforms announced this week get interesting.
How can you get yourself retirement ready? Read on, in The Age, The Sydney Morning Herald, Brisbane Times and WA Today.
How volunteering can help reshape your life in retirement
Imagine retiring after a lifetime of outdoor work and wondering, what’s next? For David Halliday, the answer came in the form of an orange uniform and a commitment to community—joining the SES.
On today’s podcast, I’m joined by two special guests: Inspector Gunnar Hardy, Commander of the Liverpool Unit, NSW SES, and David Halliday, a Prime Timer who recently stepped into the world of volunteering with the SES.
Many of you will already recognise David as one of the incredible moderators of our Epic Retirement Club, where he does a fantastic job keeping the community vibrant and engaged. Having him on the show to share his personal journey of finding purpose in this new phase of life is an absolute treat.
Today we explore the power of volunteering with the SES through David’s lens with a behind-the-scenes look at what it means to be part of this vital organisation.
LISTEN TO THIS EPISODE OF THE PODCAST HERE:
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