Human life expectancy is on the rise. Whereas the average person born in 1960 could expect to live to 52.5 years of age, someone born today has an average life expectancy between 79 and 83 years of age.
One of retirees’ biggest regrets is not setting enough money aside for their retirement. A recent survey showed that 59% of retirees say they regret not saving more, and 60% say they should have started saving earlier.
In this episode, we will be discussing one simple way to ensure you have a significant retirement balance to help sustain you through your golden years.
What you’ll learn:
- (0:14) The Global Shift: Longer Lifespans and Ageing Populations
- (0:29) Rising Life Expectancy: Past and Present
- (0:55) Episode Focus: Maximising Retirement Benefits
- (1:11) Host Introduction and Financial Disclaimer
- (1:28) Financial Planning Disclaimer
- (1:58) The Biggest Regret of Retirees: Not Saving Enough
- (2:25) Understanding the Superannuation Concessional Cap
- (3:01) How to Maximise Contributions: Salary Sacrifice and Personal Deductions
- (3:42) The Power of Carrying Forward Unused Concessional Contributions
- (4:15) Eligibility Criteria for Carrying Forward Unused Contributions
- (4:39) How the Carry Forward Rule Works
- (5:11) Superannuation Rollover Benefit Explained
- (5:30) Making Up for Lost Years with the Carry Forward Rule
- (6:07) Tracking Your Super Balance and Contributions
- Loads More…
Links and Resources:
#RetirementPlanning #Superannuation #FinancialPlanning #Podcast #TheChasersChannelPodcast