Do you really want to rely on the Government and compulsory Superannuation to give you a meager income…perhaps with no pension at all by the time you retire?  Growing a passive income is probably the most important step in the process of setting up for retirement. A passive income comes in regardless of your work.

What is the sure path for those that procrastinate planning? Working past retirement age because you have to, not because you want to…perhaps asking for handouts…or living frugally.

 
Read on to find out more...

With people living longer, we are all going to need a lot more money than we imagine. Many have disruptions to working life (like having babies), so just compulsory super is probably not enough to cover the many years we might survive. Australia’s new Simplified Super system will improve payouts and super pensions, but it may not be the answer to our prayers. 

In this extract from her book, Sack your financial planner, Jennifer Lancaster considers exactly how much you will need in order to retire comfortably...