Self-funded retirees could earn less than age pension


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Their assets are too high for them to receive an age pension, so they live off the dividends from the share portfolio of $32,000 a year, and a refund they receive from excess franking credits of $13,000.


Their total income is $45,000 a year.


According to the Association of Superannuation Funds of Australia, the required annual income for a modest retirement is $39,775 and a comfortable retirement requires $60,977.


While Alan and Bev aren’t living much more than a modest lifestyle on $45,000 a year, they feel like they are good with their money but need to keep a close eye on their expenses.


Article source: https://www.smh.com.au/national/nsw/man-stabbed-after-argument-at-newtown-unit-block-police-20190119-p50scz.html?ref=rss&utm_medium=rss&utm_source=rss_feed

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