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Category » Planning for retirement

There were 3 articles found in this category:

• Q1 How will my expenses change during retirement assuming I’ve paid off my mortgage?

  You may spend less on: transport costs to and from work work-related expenses eg. clothing and bought lunches food and utilities as dependents move out home loan repayments You may spend the same on: personal care entertainment You may spend more on: health and dental care ... Read more

• Q2 How much income will I need?

  There are many opinions about what is a reasonable and achievable level of retirement income. Essentially, this is an area where individual circumstances and expectations play a big part. One guide that provides a useful reference is the Westpac/Australian Superannuation Funds Association (ASFA) ... Read more

• Q3 How many years of retirement can I expect?

  Actuaries (financial specialists who calculate statistical probabilities based on facts and trends), have noted that growth in life expectancy in Australia has been increasing steadily for some time. Governments rely on actuarial calculations for planning purposes and, from time-to-time, they pu ... Read more