Retirement Lifestyle: How much will you need? How much will you have?
When the time comes to think about your retirement, you’ll probably start by listing all the things you want to do and the places you want to see. That makes perfect sense. It also makes sense to start running the numbers you make sure you’re set up to achieve the retirement lifestyle you’ve been looking forward to.
Here are some important questions to be on top of:
This guide helps you to think through these questions and consider what our numbers read, more importantly, how you could move them in your favour.
But it’s not just about dollars and cents. It’s also about what those numbers can provide.
For example:
−New experiences for you and your partner
−More time with your grandchildren
−Holidays so you can explore new countries
−Good food and wine you can share with your friends.
How much? How long?
For many people the big concern about retirement is simple: “Can I maintain my current lifestyle when I’m not working? This means to look at life expectancy, living costs and creating an enduring income in retirement.
….if medical science says the 100 will soon be the new 80, I am willing to believe it.
Garrison Keillor, writer
Here’s the good news. Australian’s enjoy one of the world’s longest life expectancies and amazingly, the numbers get better as you get older.
The bottom line: when you are planning your retirement, you might want to consider planning for a long one.
Need help! Contact Australia’s #1 Retirement Financial Planners on 1300 788 650
