What is the 25% retirement rule? The 25% retirement rule is an indicator of how much money you may need to save for your retirement. It is based on an assumed withdrawal rate of 4% of your savings in the first year of retirement, with all future withdrawals indexed...
From 1 July 2023 the ‘retirement age’ increased to 67 years. In this article we delve into the reasons for this change and the consequences.
Jock Kelso started from humble beginnings and is now a retired radio advertising executive. With his lovely wife Dot, they have a family and lived in Sydney while Jock worked for various top radio stations and was Sales Manager at Radio 2UE Sydney. He describes these years as an incredible buzz, but could see that going onto senior management was not his forte, so instead decided to go out and set up his own company, MediaMart. During his career he managed radio advertising campaigns for numerous big name household brands. Jock and Dot, his wife of 52 years, now live a comfortable and envious retirement.
Here we will explore essential steps to take before you retire, helping you build a clear vision of your post-retirement life and ensure that you have the financial means to enjoy it to the fullest and embrace retirement with confidence. Whether you aspire to travel the world, indulge in hobbies, or simply relish quality time with loved ones, taking these proactive measures will lay the foundation for a rewarding and worry-free retirement journey.
There are many rules of thumb orbiting the world wide web like 10 to 15 times your annual salary, but my experience suggests that the more work you put into thinking about what you would like your retirement to look like, the more accurate your target retirement capital will be.
A practical retirement plan entails much more than a superannuation account or two and this article will take you through several important retirement planning considerations that go above and beyond accumulating superannuation.
