Sobering news through from updated Vanguard modeling based on the Association of Superannuation Funds of Australia (ASFA) comfortable retirement standard.
This updated research shows that the average couple planning to rely on their superannuation for their entire retirement, or 30 years, will need $812,000!
The discussion at the moment is around annual fees, which currently average around 0.50% for asset management and possible advice services.
If / when that shifts to 1 per cent, retirees need $894,000 for a 95 per cent chance that they won’t run out of super within 30 years. Bump that up to 1.5 per cent and a retired couple will need an eye-watering $980,000! 😟
As I covered in my article in the last magazine: Proof That Property Club Is, Indeed The Best – July 2018 Magazine
the first 100 Club members who purchased property through the Club are sitting on $25 million of total capital growth, just over $250,000 each!
A lot better retirement ahead and more options than they would have had if they would have stuck with Superannuation!
Don’t miss out, contact your Property Mentor or firstname.lastname@example.org for further information about how you can make better choices and have a safe and financially free retirement!
Property Club being the leaders in Wealth Creation through property for 20+ years now, with over 20,000+ properties settled by Club members is in the enviable position of being best placed to assist YOU to have a retirement avoiding the pension!
Contact your Property Mentor for guidance and assistance on the best deals we have at the moment and let us show you how to avoid the pension!
Have a great weekend and catch you next week!