In this Australian Retirement Podcast episode, your hosts Drew Meredith, from Wattle Partners, and James O’Reilly, from Northeast Wealth break down the complete landscape of retirement income in Australia.
One of the most common questions financial advisers hear is: “Where will my income actually come from in retirement?” The answer isn’t simple—and that’s actually a good thing. The most successful retirees don’t rely on a single income source; they strategically combine multiple streams to create flexibility, tax efficiency, and security.
Drew and James walk through the five main sources of retirement income: allocated pensions from your super, the Age Pension, investment income from shares and property, term deposits and savings accounts, and annuities. They explain how each works, the pros and cons of different strategies, and why having multiple income sources is crucial for managing risk and maintaining lifestyle throughout retirement.
They also tackle a big question: Is property really the right asset for retirement income? The answer might surprise you.
If you like this Australian Retirement Podcast episode on retirement income strategies, you’ll love the series. Don’t forget to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts.
Topics covered
- Allocated Pensions: Converting your super into regular income
- Why starting an allocated pension is often a “no-brainer” decision
- Understanding minimum drawdown requirements and tax benefits
- The Age Pension: Why over 90% of retirees receive it
- Investment income: Shares, dividends, and franking credits
- Property income in retirement: Is it the right choice?
- Annuities explained: Guaranteed income with trade-offs
- Why combination is key: Asset allocation and opportunity cost
- The importance of liquidity in retirement
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