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In this episode, Stuart explores a lesser-discussed but increasingly important risk in financial planning: not running out of money, but failing to use it when it matters most.

While much of the conversation around retirement focuses on avoiding financial shortfall, this episode flips the script. For those in a strong financial position, the greater danger may be underspending during the early, high-health years of retirement when time, energy, and freedom are at their peak.

Stuart introduces a practical framework for thinking about retirement in two phases: the active “high-health” years and the later, lower-spending phase. He explains why a successful plan often involves intentional drawdown of capital, not just preserving it, and how shifting from accumulation to decumulation is as much psychological as it is financial.

The episode also outlines how to build confidence in spending through simple guardrails dividing wealth into core, contingency, and discretionary capital—and why liquidity and asset structure play a critical role in enabling flexibility.

This is a thoughtful discussion about aligning money with life, permitting yourself to spend, and ensuring that financial success actually translates into a richer, more fulfilling retirement.

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Over the years we've written hundreds of articles. These three bring our best thinking together on the topics that matter most right now: choosing a super fund, debt recycling, and navigating the new tax changes.

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Important

This podcast provides general information about finance, tax and credit. It doesn't take into account your specific objectives, financial situation or needs, so you need to assess whether it's relevant to your circumstances before acting on it. If you're not sure, speak to a licensed, trustworthy professional.