Worried about outliving your retirement savings? 9 steps that can help
It’s common to worry about whether the money you can save for retirement will last the distance. But there are steps you can take to help ease your anxiety.
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As retirement beckons, it’s time to do some detailed planning.
Many people look at their super account balance and worry that they don’t have enough super to retire, but unless you do the maths there is no way of knowing.
The best way to decide whether you can afford to stop working sooner rather than later is to work out how much you are likely to spend in retirement.
If the numbers don’t add up, there are some simple steps you can take to close the gap.
It’s common to worry about whether the money you can save for retirement will last the distance. But there are steps you can take to help ease your anxiety.
It’s a common question, but the answer to your optimum pension drawdown may be as simple as spend your age.
Knowing what and where you will spend will make retirement planning much easier, and help you avoid retirees’ biggest fear: outliving their savings.
Your spending in retirement will depend not just on how much you have saved, but also on different spending patterns as you age.
Want to know how much income you will need to live well in retirement? This rough estimate may help.
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