How much is enough for retirement?
Did you know that the Australian Securities and Investment Commission recommends that for a “comfortable” retirement, a couple will need $60,000 a year, and a single $44,000? That’s a total combined superannuation of $1.24 million for a couple or $880,000 for a single. However, the average Australian retires with $320,0000 in their super, which is less than half of what ASIC recommends. Obviously, our super savings alone are not always enough to fund retirement. So, it is cri