Superannuation Discussion + market volatility

[mrsterryn]

You mean they overestimate their weekly budget?

Yes in a way. I see how people think they need $2000 a week income (just random number ) and they are working out on a very low return on their superannuation. So they end up with more in superannuation cause they are restricting themselves from spending

Ok I think that waffle above may have gotten away from me trying to explain lol.

 

[Brissy1]

From first hand experience, very few unadvised clients have done the research to know how much capital they need in retirement - and by the time they do, it can be too late to either contribute, or to accept the level of risk needed (or even a combination of the two). The ASFA retirement standard numbers are generally sobering for most: Retirement Standard

Interesting, even the highest level "comfortable lifestyle" provides for only 1 domestic flight pa and 1 OS per 7 years!
Need an "aff lifestyle" category.

 

[Quickstatus]

Retirement Standard

The problem there is the assumption of the "average" house and its associated costs.