Many women dream of a retirement where they can kick back and relax, do whatever they like and be free from the demands of others – actually focusing on caring for themselves. But this step often means being free from financial worries or concerns and for a large proportion of women, the prospect of a comfortable retirement can seem elusive. Especially when you do the sums.
The latest Intergenerational Report predicts the number of Australians aged 65 and over is likely to more than double by 2055 compared to today – and there could be as many as 40,000 people aged 100 and over by 2055. There were only 122 Australian centenarians forty years ago. Both male and female average life expectancies will jump significantly, with males at birth expected to live for 95.1 years and females for 96.1 years*.
Read the complete Financial Snapshot here: Women: achieving a comfortable retirement.
Doing what you most want in your later years means taking regular, active steps to look after your financial health. Contact us to book an appointment if you would like some help getting your financial plan on track.
Are you ready for retirement? Take our 30 second Retirement Preparation Quiz to find out.
*Please refer to Financial Snapshot link for sources.