EP 17: How much do we REALLY need for retirement?

12/03/2024 20 min
EP 17: How much do we REALLY need for retirement?

Listen "EP 17: How much do we REALLY need for retirement?"

Episode Synopsis

Send us a textWe often hear we need $1 million in superannuation to retire – but is this accurate? What do we REALLY need and is it possible to retire before age 67? This week, Steve and Josh are chatting about how we can create a comfortable retirement on our own terms.This episode covers:[0.05] Disclaimer[1.40] Figuring out how much we need per year to maintain our lifestyle in retirement[3.50] Do you really need $1M in your super to retire? What rules can we use to determine the amount we should aim for?[6.20] Unpacking what a comfortable and a modest retirement look like[9.30] What ages can we access our super and the age pension? What can we do if we want to retire before then?[12.35] Should we contribute extra into super? How can we catch-up if we’ve neglected super?[17.55] Downsizer contributions and getting large amounts of money into super.Book a 15 Minute Call with Josh: https://calendly.com/linkwealthgroup-josh Book a 15 Minute Call with Steve: https://calendly.com/steve-lwg/15-min-clarity-callJosh's TikTok: https://www.tiktok.com/@joshleefinadvSteve's TikTok: https://www.tiktok.com/@stevesloanefinadviser Sign up to Steve’s newsletter: https://www.linkwealth.com.au/newsletterOur Financial Services + Credit Guide: https://www.linkwealth.com.au/fscg ---- General advice disclaimer: The information contained within this podcast is general in nature and does not take into account your personal circumstances. Please reach out if you wish to discuss your personal situation.---- Want to find a Adviser that suits your financial needs:https://www.linkwealth.com.au/ Get in touch with Josh: https://www.linkwealth.com.au/josh-lee-link Get in touch with Billy:https://www.linkwealth.com.au/billy-norman-link Josh's TikTok: https://www.tiktok.com/@joshleefinadv Billy's TikTok: https://www.tiktok.com/@billynormanfp Sign up to Link Wealth Group’s newsletter, Wealth Simplified: https://www.linkwealth.com.au/wealth-simplified Our Financial Services + Credit Guide: https://irp.cdn-website.com/91137b04/files/uploaded/Link-Wealth-Advice---FSCG-Version-3.2-210825-Current.pdf ---- General advice disclaimer: The information contained within this podcast is general in nature and does not take into account your personal circumstances. Please reach out if you wish to discuss your personal situation.