Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

Home / 529

Podcast: Noel Whittaker's retirement tips and traps

Season 2, Episode 9

Special guest Noel Whittaker, best-selling author and personal finance guru, offers his key tips for making the most of your retirement. He discusses the mistakes that people make with SMSFs, why super remains a good vehicle for retirees, how estate planning is a "minefield", and the financial traps to avoid with aged care.

Firstlinks’ Managing Editor, Graham Hand, also joins us to explain why more listed investment companies should close as well as the intriguing battle between Magellan and shareholder activist Nick Bolton.

And Morningstar's Peter Warnes is back from a break to talk about the carnage in bond markets and what it might mean for Australian markets.

The podcast is also available via our dedicated website page, Google Podcasts, Apple Podcasts, Spotify, and BuzzSprout.

Please share with friends and colleagues, and a favourable rating would help spread the word. We welcome questions and suggestions at [email protected].

Grab a cuppa and settle in for our chat.

James Gruber
Editorial, Firstlinks and Morningstar

 

  •   4 October 2023
  • 10
  •      
  •   
10 Comments
Kay
October 05, 2023

I have just listened to this podcast. Very interesting. I don't understand options, I needed an executive summary as background. Please do one. Also, a podcast on why an investor would want to invest in bonds.....no franking credits there, isn't a term deposit the same? More of Noel please, especially on estate planning. As he said 'you don't know what you don't know' . How does one best Estate plan if you have no family and you want to arrange things to give to causes in an ongoing fashion? Or are you best to give before you die and try to pass away broke? Noel told me many things I did not know today, thank you. I regularly read Firstlinks, a fair bit I don't understand, and the comments can be very entertaining.

Jan
October 05, 2023

I am interesting to know how one Estate plan if I have no family like Kay, I am going to arrange everything go to charity, wants some information on their financial situation, what is the percentage of the yearly people donated fund goes to the people who really need ?

Tasman
October 07, 2023

Current term deposits 4-5%?.My bond portfolio last financial year returned 6.8% from a very diverse mix of different types of bonds with interest ranging from 5% to 12%.They will mature over many years and then return my capital when they do.The interest is variously paid monthly or quartely so I am not waiting to the next year to benefit from franking credits.

Kay
October 08, 2023

I admit I am no expert. Treasury/Government Bonds are returning 4-4.5%. They are the capital guaranteed Bonds. If you are earning 12%, I think you must be taking on more capital risk (than a term deposit in Australia up to 250K per institution), with Corporate Bonds. My search for Capital and Inflation protected investments continues....

charles
October 07, 2023

It would be helpful if you could provide a written version of the podcast. It would help the deaf and also those that don't want to interrupt others. Also it would provide ability to refer back to segments.

B2
October 08, 2023

Agreed

Shane
October 09, 2023

Agree

James Gruber
October 18, 2023

Hi Charles, we would love to do it. Unfortunately, many tools such as zoom and others aren't accurate and fail to pick up financial terms and nuances. That means any audio transcription requires labor and money. We don't have that capacity at the moment, though hopefully that changes soon.

Lucille McLaren
October 09, 2023

Kay, Re bonds Tasman would be buying commercial bonds from the likes of FIIG. Some are available on the stock exchange and you can readily sell those if need be. Not all bonds are equal there is risk associated with them.

Tasman
October 08, 2023

Lucille,you are correct,My 18 bonds comprise floating rate 6,indexed 5, RMBS 3, fixed rate 2, asset backed 1 and one commercial .The 12% interset one is the asset backed one, short dated and is about 2% of total portfolio so I am comfortable with the risk.The bonds are also diversified across industry sectors,credit ratings(including unrated),duration and currency.

 

Leave a Comment:

banner

Most viewed in recent weeks

How to minimise tax with a will

Inheritance tax implications in Australia may surprise some, as poor estate planning without proper wills or trusts can lead to costly tax bills and delays for beneficiaries.

Testamentary trusts post-budget: Estate planning, tax reform and the ‘death tax’ debate

Proposed Budget changes to taxation are casting new uncertainty over testamentary trusts, prompting closer scrutiny of estate planning structures and the real implications of reforms still taking shape.

Meg on SMSFs: The CGT changes don’t impact super but what about Div 296 tax decisions?

New CGT rules could tip the scales in the super vs non-super debate. For those facing the Division 296 tax, the case for withdrawing has gotten more complex. A "comparison rate" tool may help assess decisions.

High quality businesses are on sale

Beneath the dominance of the ASX's largest stocks, much of the market has been left behind. High-quality companies are now trading at levels rarely seen, offering opportunities for investors willing to look deeper.

The investment mistake killing your returns

Retail investors face an increasingly complex product environment, but simplicity may be the most overlooked advantage in building a portfolio you can actually live with.

Welcome to Firstlinks Edition 667 with weekend update

The downfall of the giant and three lessons for investors.

  • 18 June 2026

Latest Updates

SMSF strategies

Meg on SMSFs: How wide is the ban on LRBAs?

The government's recent deal with the Greens has put SMSF property borrowing on the chopping block. The change raises tricky questions about timing, exceptions and what SMSFs will still be able to buy.

Shares

Why Australian shares are falling behind the world

Australia’s market boasts a long record of outperformance, but recent results tell a different story. Is the ASX’s lagging performance a temporary setback or evidence that structural forces will keep global markets ahead?

Taxation

The strange effect of the 30% minimum capital gains tax

The 30% minimum tax on capital gains sits at the heart of the budget's proposed reforms. Yet the mechanics reveal anomalies that introduce unexpected distortions that raise questions about its design.

Shares

The next phase of Australian equity leadership

For years, banks have powered Australian sharemarket returns. But changing economic conditions, stretched valuations and global trends suggest the next generation of winners may not be found in familiar domestic sectors.

Economy

Global market growth hinges on Iran War and AI rollout

Global growth is facing mounting pressure from war, higher oil prices, inflation and trade tensions. But a wave of AI-related investment may prove powerful enough to support economic activity and reshape the outlook for markets.

Retirement

The retirees who can't spend

Why do so many retirees pass away with their wealth intact? Conventional wisdom blames pension rules for the reluctance to spend, but a case study from New Zealand shows that the answer may not be as predictable.

Investment strategies

Here’s my investment philosophy. What’s yours?

Investors often hear they need an “investment philosophy,” yet few know what that really means. Beneath the jargon sits a simple idea: a handful of core beliefs that shape every financial decision, for better or worse.

Sponsors

Alliances

© 2026 Morningstar, Inc. All rights reserved.

Disclaimer
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.