HOW MUCH INCOME DO YOU REALLY NEED IN RETIREMENT?

Here’s a wake up call.

The Australian Bureau of Statistics (ABS) reports that more than 75% of retired Australians rely on the age pension for financial survival.

When you consider that the age pension is about a quarter of what an average person in full-time employment earns, mean people face the unpleasant reality of experiencing a permanent fall in living standards once they retire.

If you’re hoping for a better and brighter future than what the majority of Australian retirees experience then it’s crucial that you set a goal to chart a path that mean you avoid having to rely on the age pension for survival. In fact, the act of setting a goal and engaging your mind to figuring out how it could be achieved is the most important step to becoming more financially secure in your retirement years.

Regrettably, a consistently made common mistake is forgetting to set a goal for how much income you want in retirement. It may be because you don’t know how much you