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Retirement Income

Published on Nov 27, 2015

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MORE DECKS TO EXPLORE

PRESENTATION OUTLINE

1.

RETIREMENT INCOME

WILL SUPER SAVE THEM FROM POVERTY?
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2.

REQUIRED VARIABLES

  • Life expectancy (men & women) minus retirement age.
  • Poverty line over 67 (couples, single men & women).
  • Age pension (couples, single men & women).
  • Real increase(%) in socially acceptable income.
  • Real (deflated) super accumulation.
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3.

INPUTS

  • Auburn male babyboomer
  • Born 1960
  • Retire 2027
  • With $400,000 super
  • Dies 2040
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4.

INPUTS

  • Required income in 2013: $40k
  • Minimum acceptable real gth: 1%
  • Required income in 2027: $46k
  • Required income in 2040: $52k
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5.

RESULTS

  • Runout of super @ 2034
  • 8 yrs after retirement
  • Thus 7 yrs on pension (in poverty)
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Edward Mariyani-Squire