How much money do you REALLY need to retire? And making sense of your Super
If you're heading into the next phase of your life, you've probably asked yourself this big question: How much money do I really need to retire comfortably? Is there a magic number? Will I ever be able to quit my job or start stepping back from full time work? This week Bec dives deep into how to plan for your retirement and build your own set of numbers - explaining how to build a vision for your retirement years and then calculate your numbers against that vision. Bec Wilson and special guest Spencer Howson discuss: Understand how much money you need to spend each year on living expenses to have a comfortable retirement, based on the benchmarks Consider how much you need to have in your superannuation account before you retire to generate a comfortable retirement income Learn the fundamentals of how your superannuation works, and what you need to be paying attention to to maximise your compound investment goals over the years before retirement, and in the years after it Find out the formula to help us build out our own budgets, including access to the helpful epic retirement budgeting template, which is available for download here: https://epicretirement.com.au/budget/ Explore the things that can change or impact our retirement planning in the economy that we don’t have much control over, and how we can manage them. Prime Time with Bec Wilson is the podcast for all of us in the second half of life (47+) who want to live long, live well, and thoroughly enjoy it. Together we’ll dive deep into what will make this phase of life great, with insights from experts and pioneers. We talk about money, health, happiness, relationships, sex, travel and so much more. After all, there are no set rules for navigating this second half for our modern generations. Follow us on social media and via email Get in touch with Bec here: Bec@primetimers.net You can find the podcast: @Primetimepod on Instagram @Primetime_podcast on Facebook Sign up for the Primetimers Newsletter at www.primetimers.net - Get our newsletter with detailed podcast notes sent directly to your inbox every week plus all our helpful articles and updates. Or follow and learn more about Bec Wilson @becwilsonepic on Facebook @epicretirement on Instagram Or read her syndicated column in Nine Newspapers (The Sydney Morning Herald and The Age) each week here Nearing retirement? Join the Retirement Dreaming: Epic Retirement Facebook Group Sign up for the Epic Retirement weekly newsletter at epicretirement.net Get Bec Wilson’s bestselling book How to Have an Epic Retirement to learn about the six pillars of an epic retirement as you approach and prepare for your future retirement years. Now available - order here Visit Bec’s website at epicretirement.com.au to learn more about her work. See omnystudio.com/listener for privacy information.