Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

Retirement: The now and the then

More Australians are moving away from the dream of early retirement with pre-retirees planning to work longer after the age of 67, according to our new report ‘Retirement: The now and the then’ which was developed in conjunction with independent research firm, MYMAVINS.

The research was undertaken to help financial planners better understand their clients’ views on retirement and their main drivers of life satisfaction. It also looks at the evolving role of the financial planner and implications for service offerings, advice processes and portfolio construction decisions.

Importantly, in this report we've reversed the perspective to see things from the retiree’s point of view and better understand the real emotional drivers of a successful retirement.

Download the full report

February 10, 2022

Excellent. Was well worth taking the time to read it. [From an early retiree].

February 09, 2022

I found the comment from BeenThereB4 very good reading and absolutely correct! Our SMSF is overweight good quality fully franked Australian Shares. Having worked in a minor capacity in stockbroking, I'm comfortable with equities, rebalancing, investing for the long term to fully fund our retirement. My husband "retired" at 66 and does understand how our "buckets' and Investment Strategy work, but I primarily do the legwork. There is no "one size fits all" for people, and no get rich quick scheme on our radar, but, whilst our auditor would probably prefer to see a greater spread, she can't overlook our solid returns and cash buffer. I guess that comes back to being comfortable with what you know, knowing how much that comfort costs to maintain, and that you always have prudent plans to manage risks.

February 09, 2022

I am a stockbroker in my 70's. I have been advising clients for many years, with many clients in SMSFs. Whilst clients were in pre-retirement, I focused on building up member balances such that come the day they move to pension phase, they have a bigger nest-egg ... certainly not brain surgery.

According to the financial planner mantra, my clients are overweight leading Australian shares (that pay franked divis), and they do not have "balanced" portfolios that feature some international shares, some domestic and some international fixed interest ... you know, the usual banquet meal.

Whilst a small number of my clients are HNW, most retire with portfolios with value $1-to-3 million, and with a 4-to-4.5% dividend yield, this generates adequate income to meet routine spending. As they get older, a minority are dipping into the capital of the fund.

The biggest issue that I encounter is a lot of otherwise sensible people are just not "engaged" with financial matters. So, typically one of a couple passes away (the person who manages the dosh), and the surviving partner is all at sea with the "estate".

The survivor doesn't really read / understand the 100-page Financial Plan, and is not in to "buckets" and asset allocation vocabulary.

I found the FIL paper very interesting, but still some distance away from that part of the real world I see.


Leave a Comment:


Most viewed in recent weeks

16 ASX stocks to buy and hold forever

In his recent shareholder letter, Warren Buffett mentions several stocks he expects Berkshire Hathaway will own indefinitely, including Occidental Petroleum. We look at ASX stocks that investors could buy and hold forever.

The best strategy to build income for life

Owning quality, dividend-producing industrial shares is key to building a decent income stream. Here is an update on the long-term performance of industrial stocks against indices, listed property, and term deposits.

Are more taxes on super on the cards?

The Government's broken promise on tax cuts has prompted speculation about other promises that it may consider breaking. It's widely believed that super is lightly taxed and a prime candidate for special attention.

Lessons from the battery metals bust

The crash in lithium and nickel prices has left companies scrambling to cut production, billionaires red-faced, and investors wondering how a ‘sure thing’ went so wrong. There are plenty of lessons for everyone.

Welcome to Firstlinks Edition 545 with weekend update

It’s troubling that practical skills like investing aren’t taught at schools as it leaves our children ill-equipped to build wealth, and more vulnerable to bad advice. Here are some suggestions to address the issue.

  • 1 February 2024

For the younger generation, we need to get real on tax

The distortions in our tax system have been ignored for too long, and we're now paying the price. It's time Australia got real and addressed the problems to prevent an even greater intergenerational tragedy.

Latest Updates


16 ASX stocks to buy and hold forever

In his recent shareholder letter, Warren Buffett mentions several stocks he expects Berkshire Hathaway will own indefinitely, including Occidental Petroleum. We look at ASX stocks that investors could buy and hold forever.

Investment strategies

Clime time: 10 charts on the outlook for major asset classes

The charts reveal that interest rates can't rise much further as Australian mortgage holders are under stress, bank dividends look solid, and the bond market is in flux because yields are being manipulated.


Phasing out cheques, and what will happen to cash?

Cheques and bank service, or the lack of, were major topics when I addressed a seniors’ group recently. The word had got out that the government was phasing out cheques, and many in the audience were feeling abandoned.


What financial risks do retirees face?

Treasury's consultation into the retirement phase of superannuation is generating a lot of interest. This submission to the consultation outlines the key financial risks to an individual’s standard of living in retirement.


Recession surprise may be in store for the US stock market

Markets are partying like it's 1999, but history suggests that US earnings and economic growth are vulnerable following an interest rate tightening cycle. Investors should prepare their portfolios accordingly.

Investment strategies

3 under the radar investment opportunities

The Magnificent Seven are hogging the headlines, yet there are plenty of growth opportunities elsewhere, at a fraction of the cost. Here are three stock ideas riding key areas of structural and cyclical change.


Why a quant approach can thrive in the age of passive investing

The rise of passive investing is unlikely to derail the value of quantitative strategies. Passive investing hasn’t eradicated the irrationality of crowds, leaving pockets of opportunity to outperform indices.



© 2024 Morningstar, Inc. All rights reserved.

The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.