Retirement is a number, but it’s not your age. Going back to the last two episodes, know how much income do you need for your lifestyle, then estimate the savings you will need for your income. If there is a gap (and there often is!) what can you do about it? ***UPDATE***since this episode was recorded earlier in 2021 the super contribution caps have increased to $27500 concessional and $110000 non-concessional each year.
Retirement is a number, but it’s not your age. Going back to the last two episodes, know how much income do you need for your lifestyle, then estimate the savings you will need for your income. If there is a gap (and there often is!) what can you do about it?
***UPDATE***since this episode was recorded earlier in 2021 the super contribution caps have increased to $27500 concessional and $110000 non-concessional each year.