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Can you spend $60K every year for 20+ years? Retirement costs are essential information when planning retirement. In Australia, you need more than $60,000/year to live comfortably. Why do you need such a lot? Let’s look into the retirement costs details published by the Association of Superannuation Funds Australia (ASFA). https://retireon.com.au 🦋 YOU CAN FIND MORE DETAIL ▪️ https://retireon.com.au/2019/retireme... 🦋 RECOMMENDED VIDEOS FOR YOU ▪️ 5 essential steps to take before retirement • 5 Essential Steps To Take Before Retirement ▪️ What will happen after retirement? 5 stages of retirement • What Will Happen After Retirement? 5 Stage... ▪️ Life expectancy for retirement planning - best calculators • Life Expectancy For Retirement Planning - ... 🦋 LINKS OF THE REPORT ▪️ ASFA Retirement Standard Detailed budget breakdowns (December 2018) https://goo.gl/sxK4Hg ▪️ 2018 ASFA Retirement Standard Budget Review https://goo.gl/QtzYxS. This report presents contemporary budget standards for retirees. 🦋 STANDARDS OF RETIREMENT BUDGET IN AUSTRALIA (2018 December) ▪️ Comfortable living: A$60,977 per couple per annum and A$43,317 for single persons ▪️ Modest living: A$39,775 per couple per annum and A$27,648 for single persons ▪️ Both these standards of living assume that the retirees own their own home aged between 65 and 85 years. 🦋 KEY RETIREMENT EXPENSES ▪️ Housing: insurance, rates, water, home repairs, home improvements, utilities ▪️ Communication: bundle (calls, text, mobile data, broadband) ▪️ Health: insurance prescriptions, over-the-counter supplements, co-payments/out-of-pocket ▪️ Recreation: TV, movies, streaming service, social activities, travel, food, etc 🦋 CONNECT WITH US ▪️ YouTube https://goo.gl/Mc5K1t ▪️ Website https://retireon.com.au ▪️ Facebook / retireon ▪️ LinkedIn / retireon 🦋 DISCLAIMER The information contained in this video is factual only. It is not financial or other advice of any type. You should consult a professional financial or retirement adviser to obtain specific advice for your particular situation. For more information, visit our Disclaimer page: https://retireon.com.au/disclaimer #RetireOn