In the final instalment of our three-part series, Roger Wheelahan joins us to explain why the later stages of your career, and the transition into retirement, are often the most overlooked yet financially critical for doctors. One wrong decision at this point could mean 17% of your super goes to the ATO instead of your kids.
We unpack the traps that families fall into when planning too late, from aged care costs eating into inheritances, to poor succession structures leaving loved ones with unnecessary tax bills. Roger also breaks down practical strategies like re-contribution, family trusts, and tax-free estate transfers to protect multi-generational wealth.
You’ll also learn how to guide ageing parents through retirement decisions, avoid common aged care surprises, and set up your own affairs so wealth passes smoothly to the next generation.
If you’re a doctor approaching retirement, or supporting parents who are, this final instalment will give you a framework to reduce stress, save money, and ensure your family, not the ATO, benefits from your life’s work.
TIME STAMPS:
00:00 Intro/Hook
02:24 Retirement and Succession Planning
03:05 Retirement Phase and Taking care of your parents
07:53 Transition to Retirement
11:07 Recontribution Strategy
15:07 Intergenerational Wealth Transfer and Estate Planning
26:20 Aged Care and Financial Planning
33:58 Cultural Considerations in Financial Planning
40:10 The Role of Financial Advisors in Different Life Stages
44:42 Conclusion/Outro
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SHOW NOTES LINKS
https://au.linkedin.com/in/mian-bi
https://www.linkedin.com/in/roger-wheelahan-8ba53149/
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LISTEN TO THE PODCAST
LISTEN TO THE PODCAST:
Spotify: https://spoti.fi/3FoBRAy
Apple Podcast: https://apple.co/4iks50N
Amazon Music: https://amzn.to/3DoyJnP
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FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
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DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
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