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Ivan Fletcher

How Much is Enough in Retirement ?

Written by Ivan Fletcher

How much is enough to enjoy your time doing the things you love?

How much is enough to ensure the investments will last your lifetime, or even longer as inheritance to your loved ones.

The “How much is enough?” question is one that can cause a lot of confusion and we tend to look at everyone else for an answer.  The TRUTH is the answer to this does not lie within a newspaper article on statistics on the average retiree.   It is personal to you.

Whilst it is often the question asked of an adviser, it cannot be answered until you have genuinely  considered what it is that YOU need.

So today I have tried to simplify how to  approach this question.

How much you need depends on 5 essential ingredients

The Role of Your Adviser

Once you have spent some time to get an understanding of your own needs in retirement and the resources you have available, as Financial Planners the process of navigating and quantifying and calculating projections of your retirement can begin.

Most commonly, this would include  :

  • Quantifying whether your assets will last your lifetime.
  • Whether you will qualify for access to Centrelink Age Pension Support and what role it will play in your retirement.
  • Whether you will likely have an Estate to pass on after you are gone.

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