One year out from retirement

Retirement Planning in Australia: What to Do 5 Years Out, 1 Year Out & On Retirement Day This week on Friends With Money , Money Magazine host Ryan Johnson speaks with financial adviser Nick Bruining (Netplan) about preparing for retirement from five years out through to “R-day.” They cover assessing family arrangements, assets and cash flow, likely lifestyle spending, and creating a wishlist while prioritising paying off non-deductible debt. Nick explains why life insurance often becomes less necessary as assets grow, and how to reduce investment risk in super as retirement nears while still keeping some growth for a 20–30 year retirement. They discuss boosting super via salary sacrifice, personal deductible contributions, carry-forward concessional rules for balances under $500,000, and debunk the “million-dollar myth,” noting Centrelink can meaningfully top up income. The episode also covers downsizer contributions, part pension rules while working, concession cards, and applying via myGov within 13 weeks. 00:57 Five years out checklist 03:25 Rethinking life insurance 05:24 Super strategy and risk 08:54 One year out planning 11:28 Boosting super smartly 14:35 Downsizing and centrelink 17:10 Purpose and part pension 21:10 Applying for pension cards 23:55 Retirement day logistics Podcast Links: Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR

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One year out from retirement is an episode from Friends With Money by Money Magazine.

This episode is 26:43 long.

This episode was published on Apr 14, 2026.

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