?? Work at Pickup Points � Flexible schedule

How much money do I actually need to retire? ($50K, $70K, $90K or $100K a year?)

Canstar 90 views

Download

Download Video

Comments

The real question, how much music you need in the background?
Comment from : @lostinsydney

That background music 🤮
Comment from : @aussiegruber86

they ALWAYS base this BS on the assumption that you own your property what about renters???
Comment from : @mfactor88

This is a simplistic approach to multiply how much you budget by the number of years you might live If you are in a super-fund, even a pension account, you still continue to invest your balance and receive money depending on the risk level you invest in (whether it be conservative or balanced or even at a cash rate) This is the beauty of compound interest Hence, you continue to grow your money Yes, you may eat into some of the capital, but this would be at a slow rate Also, you may be eligible for a part-pension or even a full-time pension, depending on how much you have in assets/income This whole idea that you need 800K or even a million is a way of encouraging or scaring people into saving as much as they possibly can, when technically they could get by on much less The government and super funds want to you to fund your own retirement, so you don't get a pension Recent examples indicate that a couple who have the base level of super/assets/income at $470K and receive the full pension, are better off than a couple who have a million dollars in super, who don't get a cent in aged pension, nor any of the entitlements that come with it It's called the "sweet spot" I am all for people trying to put away as much as they can afford into super, but super funds and financial advisors need to be more upfront about what is real and possible and what people are entitled to from the government as well And now we are getting complaints from the government and superfunds about people being scared to "de-cumulate" and spend their super Also, these people want to leave a nest egg for their children What do they expect when they have scared the bejesus out of people about saving all their lives and now people are scared to actual start spending
Comment from : @galex5060

So what your saying is a blue collar shit kicker can never afford to retiremmmmmm Fantastic!!!
Comment from : @littlericho4963

Horrible advice brWhat you're suggesting are factors, aren't actually factors A caravan isn't a luxury and the figures you're quoting are assuming you have a funny paid off home and maybe also rely on the pension so yeah, that has a retirement age linked to that You're an airhead
Comment from : @anthonyonline4740

The background music was pointless, annoying and totally unnecessary
Comment from : @radic888

This advice is mathematically absolutely "crap" wouldn't listen to Canstar if they paid me for it (it actually depend on how much they would pay)
Comment from : @matsjonsson4019

The way the government is ruining this Country you will need a lot
Comment from : @Ride_on54

Life expectancy is the only thing you can control
Comment from : @Mmm-y5w8o

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : @Marten_t

Vraubanimejches990billionliredata12jul2024ACONNTBANKTIMISOARATRASFERMANYbrRO13BRDE360SV07724563600
Comment from : @sandorvarga7437

A Financial Planner told me Saving at least 15 of your income in a 401(k) can help ensure that you have enough money to retire comfortably How can take advantage of compound interest and potentially grow your retirement savings overtime?
Comment from : @ShirlPigram

Well as a soon to be 65 year old I’m hoping after getting heart inflammation from the 1st of 2 Coerced Mandated mRNA💉💉 (No Jabs No Job) shots; that my lifespan has not been sabotaged, the excess deaths however suggest otherwise I’ll Never Forgive or Forget
Comment from : @mrpolsco6872

Based on this video, I’ll never be able to retire & will need to work until I die on the job - welcome to the Australian way of life - yeah right
Comment from : @arnobertogna4718

Retirement becomes truly fulfilling when you possess two essential elements: simple financial resources and a meaningful purpose in life Make prudent investment choices to secure good returns and ensure a comfortable retirement My question now is how to get a good fianancail advisor that I can invest with and have good returns before retirement age
Comment from : @Michelle_Sanders561

That background music is loud and annoying It drowns out the message
Comment from : @magiktunes

Whatever you need, its probably gone up more than 25 since this video was posted!
Comment from : @paulchilvers5032

Iam a 55yr Grandmother caring for my 9yr old grandson who is autistic i don't think will be returning to work could close my super any thoughts please
Comment from : @allycat1234

1 million plus 🙏😉👍🤔😁😳👀🫣😩😉😉😉
Comment from : @prancer4743

Too much, take your money and go love in a cheaper one Only thw rich can afford oz now
Comment from : @chrimbus71

Aussie female retired at 50 BUT i had to leave Australia to do it Best decision i ever made!
Comment from : @intotheblue970

More and more people might face a tough time in retirement Low-paying jobs, inflation, and high rents make it hard to save Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire
Comment from : @Raymondjohn2

More important Will Australia let you in ?
Comment from : @MENSAlady2

Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs Retirement choices determine a lot of things My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k
Comment from : @CameronFussner

im out this b
Comment from : @safiya1629

Some comments here seem a little staged…
Comment from : @pauls8456

Investing in the stock market is the best option for a retiree to make a passive income Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I’m keeping a diversified portfolio
Comment from : @mayacho4910

Big ups to everyone working effortlessly trying to earn a living while building wealth I am 50 and my wife 44 we are both retired with the net worth of over $3million with no depts Currently living smart and frugal with our money Saving and investing lifestyle in the financial market made it possible for us this early even till now earn monthly through passive income
Comment from : @davidreus9321

How about the growing number of single people approaching retirement still with a significant mortgage debt? brHousing costs were not on the list in the video
Comment from : @Msrojo1004

Superannuation is going backwards
Comment from : @flfl4871

I can NOT afford to retire in Australia, so I am living in Thailand, and plan to stay here Australia is fast approaching “Shithole” status
Comment from : @stepkycopky9354

What the heck does a retired person spend 50k a year on if their home is paid off?
Comment from : @alaydrus89

Im going the other way Living well within my means now so if I can retire with a small amount Im used to living with less Don't need fancy shit every 5 mins
Comment from : @nathanmikelsons3314

Retire from what?
Comment from : @Mr-Kind-au

I need the age for the woman how old will be and man 👨
Comment from : @maryyounadim3941

In few months or no time people will definitely start kicking themselves in regret for missing the opportunity to buy or invest in cryptocurrency
Comment from : @paulwalker1243