#8: The three phases of retirement with Stephen Huppert and Rachel Lane

How do we know how long we will actually live and whether our money go the distance? These are the important but hairy unknowns that can derail even the best-laid retirement plans. Add in unexpected health issues or market downturns, and it's easy to feel overwhelmed.

In this episode of The Midlife Shift, host Alex Brooks talks to aged care expert Rachel Lane and actuary Stephen Huppert to tackle the two biggest curveballs that can blow up your retirement: longevity risk and health span changes. They break down the complexities of planning for an unknown future and offer clear strategies to help you navigate the decades after work with confidence.

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Click here for the video transcript

Rachel and Stephen share their expert insights on future-proofing your finances and lifestyle. They cover:

• Longevity Risk Explained: Understand why knowing how long you might live is the "mother of all risks" and how traditional life expectancy figures can be misleading.
• The Go-Go, Go-Slow, and No-Go Years: Learn about the distinct phases of retirement and why many people underspend in their active "Go-Go" years out of fear.
• Health Span vs. Lifespan: Discover the crucial difference between living longer and living well longer, and the impact of unexpected health events or early retirement.
• Housing's Pivotal Role: Explore the pros and cons of downsizing, rightsizing, sea changes, tree changes, granny flats, and even collaborative housing, and how these decisions impact your finances, health, and social connection.
• Decoding Retirement Calculators: Get Stephen's expert take on using calculators effectively, focusing on projected income not just lump sums, and understanding the assumptions behind the numbers.
• Beyond Account-Based Pensions: Learn about newer lifetime income products that can help guarantee an income for life and mitigate the risk of outliving your savings.
• The Power of Planning (and Reviewing): Why having a flexible plan and reviewing it regularly is the key to confidence and ensuring your money lasts as long as you do.

This is an essential guide to understanding the real risks of retirement and how to build a plan that gives you confidence for the future.

Find Rachel Lane here

• Get her book Downsizing Made Simple
• Get her book Aged Care. Who Cares?
• ‍LinkedIn
• Aged Care Gurus

Find Stephen Huppert here

• Check out his website
• LinkedIn

Citro is here to help

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• Cracking the annuities code: get retirement income certainty
• A CITRO GUIDE: Calculating retirement
• 3 enriching phases of superannuation: what you should know
• Understanding superannuation and how retirement income works
• Unlock your entitlements: 12 amazing benefits for older Australians
• The $16,304 question - can you afford to rent in retirement?

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