The Epic Retirement Tick - Assessing your retirement readiness
Description
In this Australian Retirement Podcast episode, your host Drew Meredith, from Wattle Partners, sits down with retirement expert and best-selling author Bec Wilson to explore the Epic Retirement Tick - a groundbreaking framework for assessing retirement readiness.
Bec, author of How to Have an Epic Retirement and Prime Time, founder of Epic Retirement and educator, shares insights from her latest initiative addressing a critical gap in Australia's retirement landscape. While we have excellent tools for accumulation, the transition to retirement often leaves Australians feeling uncertain about whether their super fund can truly deliver the retirement they've been promised.
The Epic Retirement Tick emerged from recognising this gap - a comprehensive assessment framework covering 18 key criteria that super funds should meet to be genuinely retirement-ready. From the purpose of the assessment to the products included, Bec explains how this differs from simply chasing low fees and top performance during accumulation phase.
Drew and Bec discuss the role of the Epic Retirement Institute, the partnership with Chant West in developing this assessment, and the surprising trends emerging in retirement products across Australia. They also touch on the Retirement Income Covenant introduced in 2022 and why progress has been disappointingly slow despite regulatory momentum.
If you're approaching retirement or already there, this episode offers invaluable insights into what your super fund should be doing to support you through this critical life transition.
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Topics covered today:
- Introduction to the Epic Retirement Tick and why Bec created it
- The 18 key criteria for retirement-ready super funds
- How the Epic Retirement Tick differs from accumulation-focused assessments
- The role of Chant West and the Epic Retirement Institute
The Retirement Income Covenant (2022) and its slow implementation
- Trends in retirement products and what super funds need to do to get the "tick"
- What Australians approaching retirement should know about this framework
Resources for this episode
Ask a question (select the Retirement podcast)
Epic Retirement Tick information
Download Bec's Epic Retirement checklist
Bec Wilson's books: Prime Time and How to Have an Epic Retirement
Ask a question (select the Retirement podcast)
Visit TermPlus to learn more
Rask Resources
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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):
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