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August 6, 2017
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94% of Australians Retire Broke

Published by Beyond Homes at
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australians retire broke

50% of workers approaching retirement have less than $100,000 in super

According to the Australian Bureau of Statistics 94% of all Australians retire broke, and will have to rely on the pension to get by.
Could you live off $397.40 per week?
Age pension

Could you live off this?

What about:

  • Food

  • Car Rego

  • Petrol

  • Rates

  • Electricity and Water bills

  • Christmas and birthday presents

  • Helping the kids and family out

  • Holidays (isn’t that what you're supposed to do when you retire? Not without money you're not)

    • (And this is providing you are debt free when you retire)

    Facts about Super



  • 50% of Australians approaching retirement have less than $100,000 in super which is estimated to last approx. 2 1/2 to 3 years if you live a basic lifestyle

  • 40% of people will spend up to 35 years in retirement

  • 10% will spend more than 35 years in retirement

  • Forecast is that one third of investment properties in the future will be owned by SMSFs

  • 25,000 new SMSFs are created every year since 2005 11% of SMSF owners are under 35 years old

  • There are approx 500,000 SMSFs with over $420 billion of assets which is more than a third of all super

    • Take your future into your own hands

    SMSF’s the way of the future for funding your retirement.

    Contact the Beyond Homes team to get assistance setting yours up today

     

    Blog author
    Crystal Benson
    Author | Investor | Director

    You don't have to do it yourself!

     
    Feeling a bit intimidated by the real estate industry? Real estate agents and their pushy sales tactics? The sheer amount of properties on the market to purchase and thinking to yourself how do I even know where or what to buy as an investment?

    The good news is you don’t have to do it on your own!

    Get in touch with our Investment Specialist Team and let us show you how we can make your real estate investing venture a stunning success.
     

    Book a FREE consultation

    Beyond Homes
    Beyond Homes

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