Do you really need to plan for your retirement?

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Most of us expect to retire one day, yet few of us really think about
the impact of retirement on our financial security. This is surprising,
considering that we could spend a third of our lives as retirees.
A common question asked is how much money will I need?
It is generally suggested that 60-80% of your pre-retirement salary
will be required as income in retirement. For example, a person on a
pre-retirement salary of $45,000 would need at least $27,000 p.a. to
maintain your current standard of living.

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"Self-employed people often earn a decent income while working. However, without the benefit of employer-paid superannuation contributions often have little money to live on in retirement. Don’t rely on selling..."

Don’t neglect retirement savings
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Meet the Team at Momentum

Donna Hale

Office Manager
Team Profiles

Newbrocom Pty Ltd (ABN 39 152 026 330) trading as Momentum Financial Planning is an authorised representative of Charter Financial Planning Limited, Australian Financial Services Licensee Licence number 234665.

 

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