Prime Time with Bec Wilson

The age pension is Australia’s most important safety net in retirement, but for so many people, working out when you’re eligible, how much you can earn, and what actually counts towards your assets can feel like a minefield. In this episode, I'm joined by Justin Bott from Centrelink, who breaks down the nuts and bolts of pension eligibility and the application process. See omnystudio.com/listener for privacy information.

In celebration of Grandparents day THIS SUNDAY - I'm revisiting this wonderful chat with psychologist Michael Carr-Gregg, where we discuss his practical guide to navigating grandparenting today.       See omnystudio.com/listener for privacy information.

David Bell, Executive Director at the Conexus Institute, unpacks the confusing jargon surrounding retirement finances. He explains why retirement account names vary widely among funds due to marketing strategies. David highlights the comparability issues found in 20 major super funds and discusses the limitations of fixed drawdown options. He demystifies the concept of an account-based pension, contrasting it with the age pension, and offers insights on minimum drawdown rules while advocating for a simpler term: 'flexible retirement account.'

I sit down with Australia's aged care guru Rachel Lane, to discuss the HUGE changes coming to the sector. From November 1, Australia will implement a new Aged Care Act, including the Support at Home program to replace Home Care Packages and the Short-Term Restorative Care program. We break down all the details and what it could mean for YOU, your LOVED ones and your hip pocket.   See omnystudio.com/listener for privacy information.

This week on Prime Time, I'm joined by Ian Fryer from Chant West to introduce the brand-new Epic Retirement Tick - a clear way to see which super funds are truly ready to help you in retirement. Out of more than 100 funds in Australia, only six have met the new standard, measured against an 18-point set of criteria. In this episode, we explain what the Tick is, why it matters, and how it can give you confidence that your fund is prepared to support you in the years after full-time work. Download your copy of the Epic Retirement Tick report at epicretirement.com.au/epictick.See omnystudio.com/listener for privacy information.

I sit down with researcher Susan Bell to chat about her report; The '10 Life-Changing Questions Asked By People In Their 60s.' You can find more of Susan's research here: https://sbresearch.com.au/ You can order a copy of my new book;  'Prime Time' via AMAZON here  Follow us on social media and via email Get in touch with Bec here: Bec@primetimers.net  Sign up for the Prime Time Podcast Newsletter at www.primetimers.net  - Get our newsletter with detailed podcast notes sent directly to your inbox every week.   Order your copy of Prime Time: 27 rules for the new midlife here: https://amzn.to/3G0yxfh Or follow Bec on social here:  @becwilsonepic on Facebook @epicretirement on Instagram  Read Bec’s syndicated newspaper column in Nine Newspapers (The Sydney Morning Herald and The Age) each week here: https://www.smh.com.au/by/bec-wilson-p536ww NEARING RETIREMENT?  Join The Epic Retirement Club – on Facebook. facebook.com/groups/epicretire  Sign up for the Epic Retirement weekly newsletter at epicretirement.net  Get Bec Wilson’s bestselling book How to Have an Epic Retirement to learn about the six pillars of an epic retirement as you approach and prepare for your future retirement years. https://amzn.to/3G0yxfh Visit Bec’s website at epicretirement.com.au to learn more about her workSee omnystudio.com/listener for privacy information.

I sit down with Australia's Age Discrimination Commissioner Robert Fitzgerald, to talk about what ageism looks like in the workforce, identifying self-directed ageism and how you can combat it.  Find out more about the Commissioners work here: https://humanrights.gov.au/ You can order a copy of my new book;  'Prime Time' via AMAZON here  Follow us on social media and via email Get in touch with Bec here: Bec@primetimers.net  Sign up for the Prime Time Podcast Newsletter at www.primetimers.net  - Get our newsletter with detailed podcast notes sent directly to your inbox every week.   Order your copy of Prime Time: 27 rules for the new midlife here: https://amzn.to/3G0yxfh Or follow Bec on social here:  @becwilsonepic on Facebook @epicretirement on Instagram  Read Bec’s syndicated newspaper column in Nine Newspapers (The Sydney Morning Herald and The Age) each week here: https://www.smh.com.au/by/bec-wilson-p536ww NEARING RETIREMENT?  Join The Epic Retirement Club – on Facebook. facebook.com/groups/epicretire  Sign up for the Epic Retirement weekly newsletter at epicretirement.net  Get Bec Wilson’s bestselling book How to Have an Epic Retirement to learn about the six pillars of an epic retirement as you approach and prepare for your future retirement years. https://amzn.to/3G0yxfh Visit Bec’s website at epicretirement.com.au to learn more about her workSee omnystudio.com/listener for privacy information.

Giacomo Tarantolo, Manager of Retirement Solutions at UniSuper, shares insights on financial confidence beyond mere numbers. He emphasizes that retirement is a transition rich with possibilities, not just a destination. Listeners learn the power of early contributions and how to navigate social connections and phased retirement. Giacomo encourages defining one’s retirement purpose as a crucial first step. He also highlights the value of tailored advice from super funds as a roadmap to achieving retirement goals.

Dan Haylett, a UK-based financial planner and author of 'The Retirement You Didn't See Coming,' explores the emotional intricacies of retirement. He reveals why retirement should be seen as a life phase full of exploration and wisdom, rather than a goal. Dan discusses the importance of identity shifts and how meaningful work can bolster cognitive health. He emphasizes that true fulfillment stems from small rituals and planning, warning against the pitfalls of a blank schedule. Early preparation is crucial for a purposeful retirement journey.

Giacomo Tarantolo, Manager of Retirement Solutions at UniSuper, shares valuable insights on mastering retirement savings. He emphasizes the importance of personalized financial strategies tailored to individual goals. The conversation touches on the gradual preparation for retirement, highlighting lifestyle adjustments and using digital tools for financial projections. Tarantolo also discusses the significance of engaging in passions and community involvement post-retirement, encouraging listeners to envision a fulfilling and financially secure future.