In this Australian Retirement Podcast episode, James O’Reilly and Drew Meredith unpack one of the biggest retirement planning mistakes: assuming your spending stays flat for decades.
They explain why retirement expenses are rarely linear, why some costs fall away while others creep higher, and how that can change the timing of when you can comfortably stop working. The episode opens with the latest super fund return numbers and a reminder not to confuse one strong year with a long-term plan.
From there, James and Drew tackle the explosion in ETF choices on the ASX. They explain why lower fees and easier access have improved investing, but also why too much choice can create new risks for retirees and near-retirees, especially when thematic products make it easy to chase stories instead of strategy.
The episode also gets practical about spending. Housing, travel, health costs and helping adult children can all shape retirement in ways spreadsheets often miss. They share a useful framework for separating essential spending from discretionary spending so you can see what is fixed, what can move, and what trade-offs are actually available.
They finish with a listener question on excess super contributions, explaining what happens if you breach the cap, how the ATO process works today, and why the right response is usually to stay calm and deal with it methodically.
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