news article
"Inflation for a couple living comfortably in retirement rose 1.1 per cent during the March quarter, new figures released for the Westpac ASFA Retirement Standard show.
They would need to spend $49,502 a year to maintain their lifestyle, up from 0.6 per cent in the December quarter.
Couples with a more modest lifestyle need $26,851 a year, a 1.2 per cent rise, up from 0.9 per cent in the December quarter."
And I thought aiming for $100k per year in todays $$ for retirement was very excessive, now I find it's only double what comfortable couple need. Might need to re-evaluate what is required to have a well off retirement income.
Food for thought, it's a matter of matching desire activity level with income. Actually with the cost of food and medical treatment going up might need $150k in todays dollars.
cheers
Graeme
"Inflation for a couple living comfortably in retirement rose 1.1 per cent during the March quarter, new figures released for the Westpac ASFA Retirement Standard show.
They would need to spend $49,502 a year to maintain their lifestyle, up from 0.6 per cent in the December quarter.
Couples with a more modest lifestyle need $26,851 a year, a 1.2 per cent rise, up from 0.9 per cent in the December quarter."
And I thought aiming for $100k per year in todays $$ for retirement was very excessive, now I find it's only double what comfortable couple need. Might need to re-evaluate what is required to have a well off retirement income.
Food for thought, it's a matter of matching desire activity level with income. Actually with the cost of food and medical treatment going up might need $150k in todays dollars.
cheers
Graeme