Although you may be in line for a healthy end-of-year refund, it can give you a false sense of security about the future.
In order to achieve a comfortable standard of living in retirement, an individual requires a minimum super balance of around $545,000 and a couple around $645,000.
Currently less than 20% of single Australians and…
Believe it or not, it is actually possible to retire at 55. The Australian Bureau of Statistics reports the average retirement age for men and women in the last five years was 62 and 60 respectively. Which means early retirement at 55 is often seen as the holy grail – a fast-track to work-free fun.
In…