While the ASFA benchmark of $750k is useful, it represents a baseline lifestyle — not necessarily an aspirational one.
That’s not the kind of retirement most of our clients are planning for.
There’s been a lot of chatter in the press recently about what you need for a “comfortable” retirement.
The latest update to the (ASFA) Retirement Standard suggests that a couple needs around $730,000–$750,000 in superannuation (in addition to a part Age Pension) to achieve what it defines as a “comfortable” retirement.
$750,000 might be enough — but enough for what?
- Posted in Financial Planning, Medical Professionals, Retirement Planning, Wealth Extraction
- by q4financial
For many q4 financial clients — particularly business owners and high-income professionals building wealth inside super — this is welcome news.
- Posted in Financial Planning, Retirement Planning, Tax & Accounting, Wealth Extraction
- by q4financial
Australia’s housing affordability challenges continue to dominate national conversation, and as the federal government looks ahead to the next budget, capital gains tax (CGT) reform is back on the table.