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Retirement: Cost of Living

• Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner

If you are a 65 year old retired couple who owns your own home and wants a ‘comfortable lifestyle’ in retirement then according to the ASFA Retirement Standard you need $59,808 per annum.

The figure is $43,538 per annum if you are 65 and single.

You may be surprised to discover that it is not much less if you are in your 80’s.

Click for latest December 2016 quarter numbers.

This is another reminder of why it is important to keep saving and accumulating for retirement.

At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.