A successful retirement is when you achieve Financial Freedom
Financial Freedom is when you live the way you want, without having to rely on any government safety net or having to work.
Financial Freedom is when you take control of your life. This will be different for each person as it depends on what is important to you.
People with SMSF’s know this already. They know how much money they will need in retirement to live the lifestyle they choose.
This is why the average balance in a SMSF is 3 times more than that of the average Australian super fund balance.
So how much do you need to achieve Financial Freedom?
To calculate this amount work out how much a year you’ll need to live the lifestyle you want. Take this amount and divide by 6%.
Example: $90,000 a year divided by 6% = $1,500,000
Now you have your retirement goal, are you prepared to do what is necessary to achieve it? Do you have a plan?
80% of Australians fail to enjoy Financial Freedom in retirement. The main reason this happens? They fail to seek professional financial advice.
If you want to be in the 20% who do achieve Financial Freedom take the first step and learn how a Self Managed Super Fund can help.