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Do You Have
Enough To Retire?
One of the
toughest questions to answer is do you have enough to
retire?
Or for those still a few years from retirement, will I
have enough to retire if I keep doing what I am doing?
WFG has years of experience helping people make this
decision.
We can help you determine the level of retirement income
you will likely achieve, and how long your capital will
last.
The sample client below had the following scenario:
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Age
55
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Wanted to retire at Age 65
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Was
planning to work Part Time until then ($25K a
year)
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Wanted to make sure her super lasted a long
time, as her mother was 90 and still alive.
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Target Income = $40,000 per year (indexed)
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You can see that you
achieve your target
income of $40,000
per year comfortably
until your Mid-70s.
From 55-65 this
income is achieved
through a
combination of your
employment income,
and a Transitional
pension from your
Super.
When you retire at
Age 65, you are then
eligible for some
Social Security.
This eligibility
increases over time
as your
superannuation
balance reduces.
From age 75 we scale
back your income
slightly in line
with your request to
ensure your
superannuation lasts
into your 90s as you
have a history of
long-life in your
family.
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Click To
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What Does
This Achieve?
This allows
people to consider many of the important questions when
it comes to retirement planning:
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Do
I need to keep working?
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What Age can I retire at?
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Do
I need to put more into Super than I am now to
achieve the retirement lifestyle I desire?
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