Why retirement advice takes 4 to 10 weeks (and what your adviser is really doing)

Drew Meredith and James O’Reilly on what really happens behind the scenes of a 10-week statement of advice, why most retirement modelling is dangerously thin, and the “rip the band-aid” budget exercise that cut one client’s spending from $180,000 to $110,000 a year. In this Australian Retirement Podcast episode, your hosts Drew Meredith, from Wattle Partners, and James O’Reilly, from Northeast Wealth, pull back the curtain on what actually happens between “let’s get some advice” and the document landing on your desk 10 weeks later — and why proper modelling involves a lot more than three columns on a spreadsheet. They also talk through a confronting client story where test-driving the retirement budget cut spending by nearly 40 per cent, and answer two big listener questions on healthcare buffers and complex SMSF property holdings. Topics covered today Markets at all-time highs while every news headline says the world is broken — what the disconnect means for retirees The Atlassian whipsaw and what it says about AI panic in big tech valuations Why a statement of advice takes four to ten weeks: research, third-party authorities, modelling, quality control Three-input modelling versus proper multivariate modelling — and why most calculators sit at the lazy end Test-driving your retirement budget: the “rip the band-aid” case study that cut $180,000 of spend down to $110,000 Why the most underrated job of an adviser is forcing the trade-off conversation Hugh’s question: how much should you buffer for healthcare costs before the Commonwealth Seniors Health Card kicks in at 67? Mr No Idea’s question: $12 million property portfolio, an SMSF property in Mernda, and why this is firmly in personal-advice territory Retirement location reality-check — Queenscliff wind, Queensland surf breaks, and why you should rent before you buy Episode resources Services Australia — Commonwealth Seniors Health Card — https://www.servicesaustralia.gov.au/... ATO myGov — review contribution caps and balances — https://my.gov.au/ ASIC Moneysmart — retirement planner — https://moneysmart.gov.au/retirement-... Ask a question (select the Retirement podcast): https://bit.ly/R-quest Show partner resources Visit TermPlus to learn more https://termplus.com.au/?utm_source=r... Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit: https://bit.ly/Pearler Rask resources All services: https://bit.ly/R-services Financial Planning: https://bit.ly/R-plan Invest with us: https://bit.ly/R-invest Access Show Notes: https://bit.ly/R-notes Ask a question: https://bit.ly/R-quest We love feedback! https://raskau.typeform.com/to/ZbfHy6IP Follow us on social media Instagram:   / rask.invest   TikTok:   / rask.invest   DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg