The moneysmart retirement planner helps you estimate the amount of money you’ll have available to spend after retiring, and how fees, investments, and more can impact your retirement income.
This could include paying mortgage, rent, travelling, medical costs and more. Your lifestyle would also have a big role in this, which can be calculated using a budget planner, or using the rule of thumb that your retirement income should be two thirds of your current income (if you own your home).
Preparing for retirement involves not only super, but also other investments or assets, as well as your Age Pension.
To build your super, you could move all your super into one account to save on fees, make extra contributions, and change your investment options.
Any questions? Feel free to contact us.
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