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Showing 61 - 70 of 206 results for "Comfortable retirement"

Confidence in a 'comfortable' retirement nears lows

ANDREW MCKEAN  |  THURSDAY, 10 NOV 2022
... income in retirement to be on average $3200 per month, however they perceive the income required for a comfortable retirement to be $4300 per month. Moreover, 47% expect to outlive their retirement savings. The report attributed this pessimistic outlook ...

The great wealth transfer at risk: Research

CHLOE WALKER  |  THURSDAY, 10 NOV 2022
... their superannuation, despite saying that a $1 million superannuation balance would be the minimum for comfortable retirement. "As a society, we are facing one of the largest wealth transfers in modern history," Findex co-chief executive Tony Roussos ...

Australians worry about retirement - and maybe they should

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
... "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 singles. Though, as previously reported by Financial Standard, ASFA's ...

Advised Aussies better off on all fronts: Study

JAMIE WILLIAMSON  |  WEDNESDAY, 5 OCT 2022
... not satisfied at all. Finally, in retirement, those that seek advice are twice as likely to experience a comfortable retirement than those that don't. Breaking this down, those under 65 are more likely to envisage key financial and wellbeing benefits ...

Data demonstrates success of compulsory super: Report

CASSANDRA BALDINI  |  WEDNESDAY, 31 AUG 2022
... have accumulated super for their retirement is 82% which sits lower than men's 88%. "More men enjoy a comfortable retirement from super, and more women than men have super balances so low, they are reliant on the age pension," National Seniors chief ...

Calls for greater efforts to close gender pay, super gap

ANDREW MCKEAN  |  WEDNESDAY, 24 AUG 2022
... 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 for singles. For a modest retirement, that budgets for a retirement lifestyle ...

Retirees doing it tough: ASFA

CHLOE WALKER  |  THURSDAY, 2 JUN 2022
... 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 and singles $46,494, up by 1.0% and 1.2% on the previous quarter. The annual percentage increases ...

Active Super enhances parental leave policy

JAMIE WILLIAMSON  |  TUESDAY, 26 APR 2022
... weeks, are important initiatives to help reduce the gender gap in superannuation and enable women to have a comfortable retirement," Active Super chief executive Phil Stockwell said. According to the Association of Superannuation Funds of Australia ...

Inflation hitting retiree budgets: ASFA

CHLOE WALKER  |  THURSDAY, 10 FEB 2022
... ASFA's Retirement Standard for the December 2021 quarter indicates that couples aged around 65 living a comfortable retirement need to spend $64,771 per year and singles $45,962, up by 1.5% and 1.6% respectively on the previous quarter. "Australian ...

Pre-retirees worry about political risks: Survey

KARREN VERGARA  |  TUESDAY, 7 DEC 2021
... Mayell said. Pre-retirees who participated in the survey said they need $4500 per month on average for a comfortable retirement. Their overall sentiment, one of the most positive in the last five years, is that they will outlive their retirement money. ...