How Much Do Australians Need To Retire Comfortably? Rising Costs Redefine Savings Goals
For Australians, superannuation is a vital component of a secure and comfortable retirement. However, the concept of a comfortable post-work life can vary greatly from person to person. Despite this, one thing is certain: uncertainties are rising amid a shifting economic landscape.
Variables like shifting interest rates, erratic real estate values, and international conflicts can all drive down ROI. Therefore, Australians must review their superannuation plans to make sure they're on track to meet their retirement goals.
According to the Association of Superannuation Funds of Australia (ASFA), a substantial quantity of funds was necessary for a decent retirement plan.
The ASFA Retirement Standard
The AFSA has released an advisory on how to plan an affluent retirement. The foremost criteria include owning a........
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