100% free 23-page report details how to create an income for life, strategies to reduce tax and retire early!
Simply click the button below to get the free report
100% free 23-page report details how to create an income for life, strategies to reduce tax and retire early!
Simply click the button below to get the free report
Being a financial advisor for over a decade now. There is one question I get asked all the time.
Most people don’t know the right answer and they assume their super will be enough to carry them through retirement.
However, there is a rule of income you should be aware of.
As this will dramatically help determine how much you’ll actually need to remain comfortable.
You need at least 70% of your pre-retirement income to maintain your current standard of living as you enter into retirement.
For example, if someone has a household income of $250K gross this is roughly around $175K net.
Which means they would need about $125K in retirement income.
Based on the nest egg of $3.0M in super at a 4% return rate, this would generate you $125K a year in retirement.
However, in most cases many people are well short of the $3.0M nest egg excluding your family home as well.
Therefore, they end up being very underprepared for their retirement and can’t afford the usual standard of living they’re used to.
So remember, if you’re planning on slowing down with work soon it’s important to accurately break down your figures.
In order to secure the life you’ve always wanted when you retire.
“The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.”
~Benjamin Graham
Complete the form and we will schedule a chat at the most convenient time for you.
100% free 23-page report details how to create an income for life, strategies to reduce tax and retire early!
Simply click the button below to get the free report