How much can I afford to spend in retirement?

While many of us long for leisurely days playing golf and gardening, or perhaps travelling the world, the reality of retirement presents many challenges for older Australians. Making your savings last a lifetime is a tricky proposition, and both spending too much, and too little, during this stage of life can hugely affect the quality of your post working life.

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After the huge popularity of his recent appearance on this podcast in Busting the $1million Retirement Myth, nab’s Head of Retirement Brian Long is back to answer your most asked question: how much can I afford to spend in retirement?

Gemma Dale interviews Brian on such thorny issues as:

• what the average Australian really spends now in retirement
• the three stages of retirement expenses, and how they may affect you,
• what risks can derail your retirement savings and how to plan around them, and
• what you can do to improve your prospects if you’d like a more aspirational lifestyle.

 

The information provided in this podcast is intended to be of a general nature only. Any advice has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice, National Australia Bank Limited (ABN 12 004 044 937 AFSL 230686) (NAB) recommends you consider whether it is appropriate for your objectives, financial situation and needs. NAB recommends that you seek independent advice before acting on any of this information. NAB is not a registered tax agent and any taxation information contained on this website is of a general nature. The tax consequences of investing will depend on your particular circumstances and we recommend that you seek professional tax advice before applying for a financial product. The information in this podcast is not a substitute for reading the relevant terms and conditions and Product Disclosure Statement (PDS) before making any decisions available via our website at www.nab.com.au
©National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 89526A0514.