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419 The latest retirement figures unpacked

419 The latest retirement figures unpacked

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Summary

The latest ASFA figures say a couple needs $730k in super to retire comfortably at 67, but what do those numbers actually include, and are they right for your situation? In this episode Glen and financial adviser Nathan Fradley unpack the data, challenge the assumptions and walk through Nathan's updated heat map showing how your super balance and age pension interact to produce income in retirement. They touch on:


👉🏻 Nathan's retirement model and what that means for how much you need to save

👉🏼 ASFA's comfortable vs modest retirement standards

👉 why the numbers don't stack up for a lot of renters

👉🏽 what does “comfortable” and “modest” actually include?

👉🏿 what assumptions is the modelling based on?

👉🏼 how much super do you need? ASFA's numbers vs Nathan's modelling

👉🏻 Nathan's updated heat map: super, pension & income sweet spots

👉 Glen’s closing thoughts


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This content is for education and entertainment purposes only and is intended for Australian residents. It is not a substitute for professional financial, tax or legal advice. Any advice provided is general financial advice only, which does not take into account your objectives, financial situation or needs.You should consider whether the advice is appropriate for your circumstances before acting on it. If you choose to buy a financial product, read the relevant product disclosure statement (PDS) and target market determination (TMD), and seek personal advice from a licensed adviser. We may discuss products, services or listener questions within our content for illustration and entertainment purposes. It is impossible to provide personal advice in this format, as we don’t know your individual financial situation. We may also change the names of questioners for privacy. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies. Guest opinions are theirs and their respective licence holders. SYMO Interactive Pty Ltd and Glen James are authorised representatives of MoneySherpa Pty Ltd, which holds Australian Financial Services Licence 451289. Please read our Financial Services Guide at moneypodcast.com.au.

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