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DIY Super For Dummies, 3rd Australian Edition
book

DIY Super For Dummies, 3rd Australian Edition

by Trish Power
March 2015
Beginner content levelBeginner
376 pages
10h 10m
English
For Dummies
Content preview from DIY Super For Dummies, 3rd Australian Edition

Chapter 3

How Much Super Is Enough?

In This Chapter

arrow Seeking a comfortable lifestyle in retirement

arrow Wanting more than $42,000 (or $58,000 for a couple) a year

arrow Planning for your life expectancy

arrow Assuming an investment return for the long-term

T he most popular question about superannuation and retirement planning is, without doubt: ‘How much money is enough?’

A glib response to this question may be: ‘Enough money for what?’ From the many times, though, that I’ve been asked this question, I know that when most Australians ask it, they really want to discover the answer to: ‘How much money do I need to maintain (or improve) the lifestyle I currently have until the day I die?’ For some Australians, the question also includes: ‘And to leave enough money to help my family after I’ve gone.’

Your own answer to this question depends on four main factors:

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Publisher Resources

ISBN: 9780730315353Purchase book