Can you spend $60K every year for 20+ years? Retirement costs are essential information when planning retirement. In Australia, you need more than $60,000/year to live comfortably. Why do you need such a lot? Let’s look into the retirement costs details published by the Association of Superannuation Funds Australia (ASFA). retireon.com.au
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🦋 LINKS OF THE REPORT
▪️ ASFA Retirement Standard Detailed budget breakdowns (December 2018) goo.gl/sxK4Hg
▪️ 2018 ASFA Retirement Standard Budget Review goo.gl/QtzYxS. This report presents contemporary budget standards for retirees.
🦋 STANDARDS OF RETIREMENT BUDGET IN AUSTRALIA (2018 December)
▪️ Comfortable living: A$60,977 per couple per annum and A$43,317 for single persons
▪️ Modest living: A$39,775 per couple per annum and A$27,648 for single persons
▪️ Both these standards of living assume that the retirees own their own home aged between 65 and 85 years.
🦋 KEY RETIREMENT EXPENSES
▪️ Housing: insurance, rates, water, home repairs, home improvements, utilities
▪️ Communication: bundle (calls, text, mobile data, broadband)
▪️ Health: insurance prescriptions, over-the-counter supplements, co-payments/out-of-pocket
▪️ Recreation: TV, movies, streaming service, social activities, travel, food, etc
🦋 CONNECT WITH US
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🦋 DISCLAIMER
The information contained in this video is factual only. It is not financial or other advice of any type. You should consult a professional financial or retirement adviser to obtain specific advice for your particular situation. For more information, visit our Disclaimer page: retireon.com.a...
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