Originally posted on 31 May 2011

Having sufficient retirement income is a source of concern for nearly everyone. Having a plan can mean the difference between spending your retirement enjoying yourself, or worrying about the economy. The following links are a collection of useful resources which may help you.

“Financial writers indicate that retirees should aim for an annual income amounting to 60–70% of final salary”. Find out more here: http://www.smh.com.au/money/planning/how-much-is-enough-to-retire-on-20110423-1ds0x.html
Try out this Retirement Calculator, and see if you’re on track for your retirement: https://www.amp.com.au/MyRetirementSimulation/showSimulator
For the technically minded, Deloitte provides an in-depth presentation on managing risk and using annuities to smooth retirement income: http://www.deloitte.com/assets/Dcom-Australia/Local%20Assets/Documents/Services/Actuaries%20and%20Consultants/1440%20Alam-Asher.pdf
A recent article discussing super balances post-GFC, and how it might affect your retirement: http://www.smh.com.au/money/super-and-funds/what-you-need-to-enjoy-retirement-20110409-1d8c0.html

Hopefully we have helped to highlight the issues that need to be considered. If you have any questions about this topic, we encourage you to call your WealthPartners planner on (02) 9955 1988 to discuss your specific circumstances.