Search Results | Showing 1 - 10 of 65 results for "Retirement Standard" |
| | The ASFA Retirement Standard for December quarter 2023 increased to a record high $72,148 per year for couples, and $51,278 for singles. The necessary lump sum for a "comfortable retirement" increased by 3.5% from last year. "Retiree budgets have been ... |
| | | ... increase their retirement standards. According to ASFA, the annual expenditure needed to reach its comfortable retirement standard rose 0.5% in the June quarter to hit a record high of $70,806 per year for couples, and $50,207 for singles, taking the ... |
| | | ... that their existing savings and superannuation balance are insufficient in this economic climate." The ASFA Retirement Standard suggests that retirees need over $500,000 in their super balance, far exceeding the average Australian super balance for early ... |
| | | ... becomes the means to that end." Colvin said investing in affordable housing is one way to help achieve a decent retirement standard for more Australians. "Your members need to be able to have money in their pocket, but also to only spend a reasonable ... |
| | | ... system, encompassing both the Age Pension and superannuation, should enable most retirees to maintain their pre-retirement standard of living. However, the taxation of super in Australia is complex and inequitable, with current legislation serving to ... |
| | | ... (ASFA), the amount needed for a comfortable retirement has risen again in the September quarter. The ASFA Retirement Standard September quarter 2022 figures show that couples aged around 65 living a comfortable retirement now need to spend $68,014 per ... |
| | | ... work, and just 18% believe they'll amass enough money to retire "comfortably." For reference, the ASFA Retirement Standard defines the super balance required to achieve a comfortable retirement at age 67 as $640,000 for couples, and $545,000 for ... |
| | | ... median super balance for males is $208,200 compared to just $168,000 for females. For reference, the ASFA Retirement Standard contends that the super balance required to achieve a comfortable retirement at age 67 is $640,000 for couples and $545,000 ... |
| | | New retirement targets released by Super Consumers Australia suggest the ASFA Retirement Standard needs a rethink, saying a pre-retiree couple only needs to save $402,000 by age 65 to achieve a joint annual income of $64,000 in retirement. The consumer ... |
| | | ... annual increase in the cost of living for some retirees is the largest seen in 12 years. According to ASFA's Retirement Standard figures for the March quarter, Australians aged around 65 living a comfortable retirement need to spend $65,445 per year ... |
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