Develop a retirement strategy to suit your personal circumstances and help you reach your retirement objectives.
When it comes to planning your retirement there is a lot to consider and there are many questions. How much do you need to retire? Where should I invest my money? How do I preserve my capital? How much tax will I pay? Will my family be okay?
Regardless of how much you need, it’s important to start planning early to ensure you have sufficient savings to do the things you want in retirement.
Core Wealth Advisors can help you develop retirement strategies that suit your personal circumstances and help you reach your retirement objectives, so you can have the retirement you have dreamed about.
How much does it cost to retire?
According to the Association of Superannuation Funds of Australia*, to achieve a comfortable retirement at age 65, retired singles who own their home will need to spend $44,011 a year and couples $60,457 a year.
With our average life expectancy increasing (women 87 years and men 84 years) we also need to budget for more time spent in retirement. For example, if your goal is to retire when you are 65, you would want to plan for at least a 20 year retirement.
Work out how much you will need to retire by using the retirement calculator provided by [Money Smart](https://www.moneysmart.gov.au/tools-andresources/calculators-and-apps/retirement- planner).