29 Aug Investing in property can help you retire comfortably
Source: realestate.com.au – 18 JUL 2017
Did you know that the Australian Securities and Investment Commission recommends that for a “comfortable” retirement, a couple will need $60,000 a year, and a single $44,000?
That’s a total combined superannuation of $1.24 million for a couple or $880,000 for a single.
However, the average Australian retires with $320,000 in their super, which is less than half of what ASIC recommends.
Obviously, our super savings alone are not always enough to fund retirement.
So, it is critical to supplement your retirement income with investments which deliver great returns.
It’s also important that you know the specific income figure that you want to retire on, so you can work out the dollar value of the investment target.
In short, you need to begin with that end amount in mind.