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Showing 1 - 10 of 168 results for "Comfortable retirement"

More Aussies anticipate renting in retirement: Vanguard

ANDREW MCKEAN  |  MONDAY, 17 JUN 2024
... in all aspects of our lives, many Australians are already thinking they'll need to save more to afford a comfortable retirement," Shrimski said. The survey also found that Australians are increasingly worried their money may not last in retirement, with ...

How much do you need to retire in Australia?

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
The Association of Superannuation Funds Australia (ASFA) has revealed that the cost of funding a "comfortable retirement" has risen to a record high. ASFA said couples need $72,663 per year, while singles require $51,630 annually to experience a comfortable ...

How super funds could better support members: Research

ELIZA BAVIN  |  MONDAY, 27 MAY 2024
... work and 38% were concerned they would not have sufficient funds to either cover basic costs or maintain a comfortable retirement lifestyle. "Pre-retirees want more information about how much super they need to retire, how much their super balance is ...

Australians need $1.6m for comfortable retirement: Survey

KARREN VERGARA  |  MONDAY, 22 APR 2024
... males and 85.3 years for females. Seventy percent of retirees from the CFS survey said they are enjoying a comfortable retirement with the amount of money they have saved. Many Australians (66%) are forced into retirement due to their own or partner's ...

ASFA Retirement Standard hits record high

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
... 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 under substantial pressure for the past two years due ...

How young Australians are missing out on better super returns

ANDREW MCKEAN  |  TUESDAY, 12 DEC 2023
... MySuper accounts. "Younger investors will need to generate more wealth through superannuation to allow them a comfortable retirement income. While younger investors have the benefit of longer working lives and a rising superannuation guarantee, they ...

Impact of debt on retiree confidence a mixed bag

CHLOE WALKER  |  TUESDAY, 12 DEC 2023
... Australian dream has been debt-free home ownership, which provides the financial foundation and security for a comfortable retirement," AMP director retirement Ben Hillier said. "While home values and super balances are increasing, research shows that ...

Former JPMAM Australia head joins Nest

KARREN VERGARA  |  TUESDAY, 28 NOV 2023
... "Nest's mandate to serve the broadest set of individuals, to help our members save and achieve their most comfortable retirement possible, are huge parts of why I wanted to join Nest. "Having gone through the interview process, what really stood out ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... (SCA) to 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 ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... Services co-founder Muzzammil Dhedhy told Financial Standard : "Superannuation is fundamental to ensuring a comfortable retirement, but we realised that there wasn't a Sharia account-based pension fund available to Australian Muslims. This can be ...
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