Here is an interesting infographic readily available on the ASFA (Association of Superannuation Funds of Australia) website. It depicts the MINIMUM annual income you require for health, vitality and connection in retirement
According to this research, IF you own your home at retirement and IF you retire at 65 and live for another 20 years - you need a superannuation balance of $1,442,960 for you and your partner to have health, vitality and connection.
This is not me the property strategist saying this.
This is not some wealthy financial planner trying to convince you to invest in certain managed funds.
This is not a real estate agent trying to sell you some random property.This is the actual ASFA which has been operating since 1962 and is the peak policy, research and advocacy body for Australia’s superannuation industry. I know I talk about this a lot but you would be surprised how many people don't truly realise what their retirement is going to be like until they get there (which is then too late).
So this week I ask that you forward this post and share it with those that you care about. Family, friends, your community, everyone! If you or they need to play financial catch up – feel free to reach out for a complimentary chat at christine.williams@smarterpropertyinvesting.com.au I’d be glad to give you some tips 😊
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