Will your savings go the distance?

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Many Australians will spend at least 25 years in retirement. This increasing amount of time requires careful thought about whether your savings will last the distance. One way to help this is by investing in a lifetime annuity, which provides regular, secure payments guaranteed for life.

Speak to your financial adviser, visit the Challenger website or call Challenger on 13 35 66 to find out how to include guaranteed income in your plan.

Have you factored in a 25-year retirement? Is this information a wake-up call?

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1 National Seniors Australia (2014), How realistic are senior Australians’ retirement plans?

2 Australian Bureau of Statistics, Australian Historical Population Statistics, 2019

3 Australian Life Tables 2015-17 with 25-year mortality improvement factors from the Australian Government Actuary

4 Challenger estimates calculated using Australian Life Tables 2015-17 with 25-year mortality improvement factors from the Australian Government Actuary for a 66-year old couple

Disclaimer: All content on YourLifeChoices website is of a general nature and has been prepared without taking into account your objectives, financial situation or needs. It has been prepared with due care but no guarantees are provided for the ongoing accuracy or relevance. Before making a decision based on this information, you should consider its appropriateness in regard to your own circumstances. You should seek professional advice from a financial planner, lawyer or tax agent in relation to any aspects that affect your financial and legal circumstances. Before making a decision about whether to acquire or continue to hold a financial product, you should obtain and consider the Product Disclosure Statement (PDS) for the relevant product. A copy of the relevant PDS for a Challenger product can be obtained from your financial adviser, by calling 13 35 66, or at www.challenger.com.au.

RELATED LINKS

Work longer, retire later: Australians anticipate a tough future

How the pandemic has changed our financial future.

If you’re 50 and working, your days may be numbered

Lancet study reveals that working life expectancy is much different to life expectancy.

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