Retirement Affordability Index August 2021

Every retirement is different, but it’s become obvious that to even go close to achieving our dream, there is much planning, preparation and monitoring involved. And COVID has complicated the landscape even more. In this issue of the Retirement Affordability Index™, we present the risks that could derail your retirement and those you should take to keep it on track.

We list the 10 retirement blunders that are almost guaranteed to cause you grief and the most common Age Pension mistakes that mean you may be missing out on valuable retirement income.

YourLifeChoices partner Challenger reveals the three biggest retirement risks and offers expert insights to help you avoid them. And Vanguard strategist Robin Bowerman explains who were the market winners and losers in 2020 so you can sail through the next storm without sending the nest egg overboard.

Super is obviously a big part of most Australians’ retirement income and SuperRatings executive Camille Schmidt lists all the ways you can turbocharge your nest egg. YourLifeChoices again shares the one and only retirement affordability table, in which you’ll find the most accurate cost of retirement estimates for well-off, constrained and cash-strapped retirees. Australia Institute senior economist Matt Grudnoff takes a stick to the government’s prized Intergenerational Report and tells why it’s a scare tactic to stop us anticipating extra funds for the Age Pension and healthcare. Finally, our Government Update offers a raft of information about Age Pension and superannuation changes and key tax time dates.