May 19, 2016
How much income will you have in retirement?
It's such an important question, however majority of Australians go through their working life not planning for their retirement or knowing how much income they will have or need.
The end result of not planning for retirement is reliance on the age pension, a reliance which is becoming harder to qualify for as the government tightens the eligibility criteria.
In a bid to help Australians better plan for their retirement, Mortgage Choice have launched an industry leading retirement income calculator.
Our Retirement Income Calculator, powered by Investfit, is the first of it's kind in the market.
Unlike other calculators, which work on averages and therefore only have a 50% level of certainty, the Mortgage Choice Retirement Income Calculator allows users to estimate their income in retirement with up to 95% certainty.
Once users have calculated their retirement income, it is important that they work with a Mortgage Choice financial adviser such as myself to implement the right strategies to achieve their optimised income.
With data from the Financial Services Council showing income support for seniors currently costing the government $44.7 billion and growing at 7% each year, regular super contributions made by employers won't be enough to help someone fund their own retirement.
To take the first step towards planning for your retirement try our Retirement Income Calculator today.
In my role as a financial adviser, I can work with you to develop a retirement plan that will meet your expectations of a comfortable retirement.
For a complimentary chat about planning for your retirement, please call me on 03 9432 6070 or contact me online via the tab at the top of this page.
Jason Sibio - BBus ADFP - Financial Adviser
Ph: 03 9432 6070 ; M: 0423 941 895
Mortgage Choice Financial Planning
Authorised Rep No 449850