How many properties do you need to retire?
It is a universal truth that everyone wants a secure future so they can live out their golden years in comfort. In our youth, we study with the aim of being able to land great positions in the workforce. Then as working professionals we strive to build up a nest egg that will enable us to live comfortably and be prepared for emergencies as we ease out of our working life.
“In general, people should anticipate needing between 70% and 80% of their pre-retirement income after they retire in order to maintain the same standard of living they’re used to,” says Laura Menschik CFP, director of WLM Financial Services Pty Limited. Click here to read more.