The Association of Superannuation Funds Australia(ASFA) publish a report detailing the income required for a Modest and Comfortable lifestyle in retirement. Australia’s full age pension falls well short of these figures and sole reliance on this safety net means you are unlikely to enjoy your retirement.
The question then becomes: how do you generate this kind of income when you stop working? And can I do it in a way that I don’t have to constantly draw down on my assets?
If you are wrestling with questions like these, please reach out for a chat. We have some great retirement strategies that we can step you through.