ASFA estimates that, as at the March quarter 2014, in general, a couple looking to achieve a comfortable retirement needs to spend $57,817 a year. A single comfortable retirement comes in at $42,254 a year. With 66% of retirees relying on the government pension as their Primary source of income there is a significate short fall for many. For a couple with no other assets they fall more than $20,000 short a year while for a single retiree it is even more difficult. With Raising living costs and concerns around the future of the Age pension and assessment rates, Retirees are more anxious than ever about the best way to maintain an income the keep in-line with inflation. Talk to us today about who you can best preserve your wealth and enjoy more income so you can live the quality of life you desire and deserve.
