Super Funds Impressive For 2014, Cautious For 2015

Superannuation funds in the country posted impressive results for 2014 as it returned 7.5% for 2014, according to SuperRatings.

Despite the impressive performance, founder Jeff Bresnahan believes that superfunds may under deliver, citing that the 2014 performance that beat inflation may be hard to continue for 2015. Super funds finished above the average of 6.3% for 2014, after finishing at 11.7% and 16.3% respectively for 2012 and 2013.

Super funds now comprise 60 – 76% of growth assets in the country.

Read more about this on the Australian website.

The Age-Old Retirement Question: How Much Do I Need?

This has been the lingering question for retirees – how much do I need on my super to retire comfortably? Do I have to rely on aged pension?

A study by Deloitte gives us an overview of how much retirees from the different generation group will get from their super upon retirement. According to the research, in order for a retired Australian to live a sufficient lifestyle, current male retirees need a total of $330,000 in superannuation to support themselves at $22,654 annually. For female retirees the numbers are slightly higher at $360,000. Living a comfortable lifestyle requires almost double those values, $590,000 and $660,000 for men and women respectively.

For Generation X, the numbers are promising. A 30 year old working on the annual average income of $60,000, the study forecasts that they will retire with $1.1 million in superannuation funds.

Read more about this on the Property Observer website.

The Age-Old Retirement Question: How Much Do I Need?

This has been the lingering question for retirees – how much do I need on my super to retire comfortably? Do I have to rely on aged pension?

A study by Deloitte gives us an overview of how much retirees from the different generation group will get from their super upon retirement. According to the research, in order for a retired Australian to live a sufficient lifestyle, current male retirees need a total of $330,000 in superannuation to support themselves at $22,654 annually. For female retirees the numbers are slightly higher at $360,000. Living a comfortable lifestyle requires almost double those values, $590,000 and $660,000 for men and women respectively.

For Generation X, the numbers are promising. A 30 year old working on the annual average income of $60,000, the study forecasts that they will retire with $1.1 million in superannuation funds.

Read more about this on the Property Observer website.