Monday, May 31, 2010

Australians not planning for retirement

Millions of Australians are relying on as little as $322 a week on aged pension when they retire. This is because they have not planned their future properly.

The typical Australian aged 55 - 64 years will have $51,000 at retirement, but they do not realise they will need about $500,000 to fund an income of $38,000 a year for a modest lifestyle.

Make sure you speak to a financial planner about having a comfortable retirement. Don't leave it too late - call 1300 55 10 45 and seek professional advice from a financial planner about having a retirement income stream.