Will You Outlive Your Super?

Or Will Your Super Outlive you?

One of the BIGGEST questions on most people’s minds (in the age group 50 to 65) is... Will we outlive our savings?

I know you have heard this before BUT...the majority of retired Australians rely on the age pension. That’s only $967.50 per fortnight each for singles and $1,458.60  for couples

 So, depending on how much personal debt you end up with (mortgage, car loans etc), when you do decide to retire some of your capital (assets, superannuation, investment portfolio) is more than likely going to be used to pay out this debt rather than utilised for everyday living and enjoying life post-employment.

 What does that leave you to live on for the next 20 years - or perhaps even longer?

Based on recent mortality rates, a 65-year-old man could expect to live for another 18.7 years. A 65-year-old woman could expect to live for another 21.8 years. That’s an increase of almost 30% in life expectancy for men and women since the early 1970s!

Why do we put off planning for our future?

Are we are waiting:

• for the kids to leave home?
• for our share portfolio/superannuation to bounce back?
• to pay off the mortgage first?
• until the kids have finished university?
• for that redundancy money?
• to have that overseas trip we’ve been promising ourselves?
• until our parents are in proper care?
• or that inheritance? 

And Keep In Mind, We are definitely living longer!

To make matters worse, the cost of living is constantly increasing. A report released recently by Certified Practising Accountants Australia found that we need savings available to support 60-65% of our pre- retirement income for each retirement year.

Time and capital growth doesn’t wait for anyone. We can never predict the right time to invest. The only thing we do know is that most people who invested in property 10 to 15 years ago (and have kept that property) are all very happy they did.

If you don’t act, nothing changes.

You are never too young to start thinking about your future. So the time to start thinking about your retirement is right now whether you are 60, 50, 40, 30 or even 20!

Come join me at my upcoming FREE events and see how you can start your journey to Bullet Proof Wealth!