Retirement planning in your 50's
While planning your retirement can mean different things to different people, more often than not, the type of retirement you can afford comes down to the plans put in place to set yourself up for the future. How much you may need, how and when you can start accessing your super and having a plan in mind when moving into retirement are all things worth considering.
The first big question you might ask yourself at 50 is ‘how much do I need to retire’ and ‘how long will my money last?’ While a logical question, it’s often a difficult one to answer. The amount you need will differ depending on the plans you have and the financial resources at your disposal.