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Investopoly
Investopoly is a twice-weekly podcast designed to help you make better financial decisions and build wealth with clarity and confidence. Hosted by Stuart (tax adviser, financial adviser, and mortgage broker) and Campbell (senior financial adviser), each episode delivers concise, practical insights grounded in real-world strategy, research, methodologies, and case studies.
You will get two episodes each week: a main episode that deep-dives into a single wealth-building topic, and a Q&A episode that answers listener questions and real scenarios. Send your questions to questions@investopoly.com.au
We also writes a weekly blog, and many podcast topics build on those ideas and frameworks. Stuart's forthcoming book, Wealth by Design, will be available in July 2026.
Investopoly
Ep 402: The real risk in retirement: working too long and spending too little
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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.
Our most popular free guides:
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.
My new book, Wealth by Design, is out now:
Buy online or in bookstores. The ebook is available now, audiobook coming soon.
Got a question for the podcast?
Email us at questions@investopoly.com.au
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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.
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