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Old Jun 13th 2004, 1:06 pm   #1
Rinali 
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Default $ 43,350 p.a. after tax, to retire comfortably!!

According to the Westpac/ASFA Retirement Living Standard, a single person who owns their own home needs about $32,800 a year, while a couple needs around $43,350 a year. On less than those amounts you probably won't be able to afford things like a reasonable car, private health insurance, eating out, and the occasional overseas holiday.

The budgets were put together by looking at what retired Australians spend their money on, and then going out and getting precise costs for the items covered. The draft budgets were then tested by getting focus groups of retired people enjoying a comfortable lifestyle to say what was reasonable and what was less relevant. The final budgets reflected these comments.


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Regards
Rina
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Old Jun 13th 2004, 1:36 pm   #2
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Default Re: $ 43,350 p.a. after tax, to retire comfortably!!

Quote:
Originally posted by Rinali
According to the Westpac/ASFA Retirement Living Standard, a single person who owns their own home needs about $32,800 a year, while a couple needs around $43,350 a year. On less than those amounts you probably won't be able to afford things like a reasonable car, private health insurance, eating out, and the occasional overseas holiday.

Regards
Rina
$43k/yr - OK if your investments do not go down the tube - no tolerance for error - and requires good budgeting and shopping skills.
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