There has never been a more urgent need for financial advisers to have conversations with their clients around investing for retirement.
Australia is home to 4.2 million retirees. And this number is set to swell.
Over 700,000 people intend to retire in the next five years. Close to 250,000 plan to retire in the next two years alone.
Moreover, a survey by ACOSS and UNSW Sydney confirms that the average over-65 household is 25% wealthier (with $1.58 million) than the average middle-aged household (with $1.26 million) and almost four times as wealthy as the average under-35 household (with $410,000).
Put simply, Australians heading into retirement have the weight of numbers - and the wealth - to afford financial advice.
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