With shorter working lives and improved life expectancy, Australians can look forward to a much longer retirement than past generations. A male retiring at age 65 will likely spend around 19 years in retirement, and a female 22 years. Enjoying a long and happy retirement however, may cost more than you think.
A regular retirement stream from an account-based pension or an annuity can be an effective way to fund your retirement. Some retirees may also be eligible for social security benefits from the Australian Government. It’s important to understand how all these options work, to determine which is right for you.
Find out how our Wealth Management team can assist you here.