Are pension withdrawal rates safe?
Retirees often withdraw the minimum amount from their super pension for fear they will outlive their savings. But recent studies show many could safely spend more. So what is a ‘’safe” withdrawal rate?
Articles by Barbara Drury
How to read a super fund PDS
Are you and your super fund a perfect match? All will be revealed in your fund’s product disclosure statement.
Why it can pay to put as much as possible into super
When it comes to super, small extra contributions made early in life can result in a bigger pay-off than larger contributions left till the last moment.
What to teach your (big) kids about super
If your kids are old enough to have scored their first fulltime or part-time job, now’s the time to pass on everything you wish you’d known about super at their age.
How to create an investment portfolio in retirement
By the time you retire you may think you know a thing or two about investing. But retirement raises new challenges, especially when it comes to structuring your income.
Is $750,000 in super enough to retire on?
A million dollars is often talked about as the gold standard of retirement savings, but it is a suspiciously round number. Depending on your personal circumstances, you might live well on much less, say $750,000, especially if you are not a big traveller or you intend to continue working well into your 70s.
Is $2.5 million in super enough to retire on?
A million dollars is often cited as the gold standard of retirement savings. It certainly sounds like a lot of money, but it may not provide the income you require if you are a couple or if one of you has high healthcare needs.
Is $1.7 million in super enough to retire on?
Since 1 July 2017 there has been a limit on the amount you can transfer into a super account in pension phase. The question is, is this an arbitrary figure dreamed up by bureaucrats or is it enough for a dream retirement?
Is $500,000 in super enough to retire on?
According to the ASFA Retirement Standard, a couple can live a ‘comfortable lifestyle’ with a retirement balance of $640,000 while singles can enjoy the same with $545,000. But these are guidelines only.
Is $1 million in super enough to retire on?
A million dollars is often bandied about as the gold standard of retirement savings. It certainly sounds like a lot of money, but is it enough to retire on not just comfortably but in style?
Is $3.4 million in super enough for a couple to retire on?
How much will $3.4m in super generate in retirement income for a couple across 25, 30 or 25 years?
How much super do I need to retire on $100,000 a year?
The widely-reported ASFA Retirement standard suggests couples can enjoy a ‘comfortable lifestyle’ on just over $60,000 a year while singles can do the same on around $43,000. If that sounds less than comfortable to you, perhaps an income of $100,000 a year is closer to the mark.
How much super do I need to retire on $80,000 a year?
So, you’ve done some preliminary sums and think you will need around $80,000 a year to live well in retirement. The ASFA Retirement standard suggests couples can enjoy a ‘comfortable lifestyle’ on around $60,000 a year and singles on about $43,000 a year. By this yardstick, $80,000 a year should support a more than comfortable retirement.
How much super do I need to retire on $60,000 a year?
If $60,000 a year sounds like your kind of retirement, the next step is to work out how much super you will need to fund it.
How much super do I need to retire on $50,000 a year?
If $50,000 a year sounds like your kind of retirement, the next step is to work out how much super you will need to fund it.
