Retirement is the time to do the things you have always wanted to do.Careful planning can help ensure you are financially set up for a comfortable retirement. How much money will you need in retirement? The answer is different for everyone but, The Association of Superannuation Funds of Australia (ASFA) estimates that, for a couple to maintain a modest lifestyle in retirement, they’ll likely spend around $675 per week compared to a couple who wish to live a comfortable lifestyle who are likely to spend almost double that, at around $1,160 per week1. A comfortable lifestyle includes extra items that are considered to be ‘comforts’, such as updating the kitchen or bathroom, eating out from time-to-time, entertaining at home, having private health insurance at the top rate, enjoying an occasional overseas holiday and being able to afford to buy nice clothes and gifts.
How much do you need to save? Lump sums required
How a financial planner can help you To make an appointment with a Bridges financial planner call us on 13 61 91 or email info@sydneymutual.bank. |
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1 ASFA Retirement Standard – September 2017
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This is general advice only and has been prepared without taking into account your particular objectives, financial situation and needs. Before making an investment decision based on this information, you should assess your own circumstances or consult a financial planner. In referring customers to Bridges, Sydney Mutual Bank does not accept liability or responsibility for any act or omission or advice provided by Bridges or its authorised representatives. Sydney Mutual Bank and Endeavour Mutual Bank are divisions of Australian Mutual Bank Ltd.