Your First 5 Years of Retirement: What Most Aussies Get Wrong

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The first five years of retirement often look very different from what people expect, and this episode breaks down why.

From the psychological shifts to lifestyle changes that lead to overspending, boredom, or regret, we unpack the common mistakes Australians make just after leaving work.

You'll learn:
✅ Why retirement expectations vs reality often clash
✅ How inflation quietly erodes your retirement budget
✅ Smart ways to avoid overspending in your early years
✅ How to build a more sustainable income plan for retirement

We also cover essential conversations for couples, so your retirement plans are aligned, stress-free, and built for life after work.

Whether you're already retired or getting close, this episode will help protect your lifestyle, your wellbeing, and your finances.

00:00 – When a podcast episode scares a client into rethinking retirement
00:00:46 – The real first 5 years of retirement (and why they’re so critical)
00:01:34 – Retirement shock: losing routine, identity and underestimating your spending
00:05:59 – The “13 trips in 24 months” mistake: overspending on travel and lifestyle
00:08:06 – Hidden costs: lumpy expenses, medical bills and the retirement spending wave
00:11:56 – Boredom spending, shopping, and saying “yes” too much to kids & grandkids
00:14:30 – Big super balances & defined benefits: why it doesn’t mean you’ve won Lotto
00:16:37 – Couples’ regrets: mismatched priorities, blended families and joint money
00:20:11 – Final mindset: retirement as a thousand small adjustments, not one big decision

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Disclaimer:
General advice only. This content doesn’t consider your objectives, financial situation or needs. Consider whether it’s appropriate for you and read our FSG before acting. Past performance is not a reliable indicator of future results.
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