Financial planning for a healthy retirement in Geelong and HorshamSeptember 14, 2015
Australians currently have the best life expectancy in history. But with increasing life expectancy, we may need to work longer to save more for retirement. The thought of more years at work raises the question about whether we will be healthy enough to go the distance?
Whether in Horsham or Geelong, retirement planning is more important than ever before.
The latest AMP.NATSEM report, Going the distance: Working longer, shows as the number of older working Australians increases so will the number of working people affected by conditions such as heart disease, arthritis and osteoporosis and for those in poor health staying in the workforce longer may be a real challenge. Simply, the Australian government’s plan to increase the pension age to 70 by 2035 may not be viable for some people.
Rather than giving up full-time work completely, many of us may reduce our working hours gradually to give us more time to focus on our health and wellbeing, while still saving money.
So what can you do to make sure your super holds up in case your health gives out?
Start by watching the AMP.NATSEM video report and then ask yourself:-
- Will I be healthy enough to work until 70?
- Will I have enough money to retire when I want to?
- Will my health affect how long I can work for or the work that I do?
- Will I need to save more for my retirement?
If you’re not sure about the answers, you may need to change the way you think about your health and your retirement.