How is your retirement shaping up?

How is your retirement shaping up?

Do you have enough for your retirement?

There are many people who are over 65 years old and are still in the workforce. Some enjoy their jobs and are happy to keep working but others simply don’t have enough money to comfortably retire. The video below – The Today Show segment with Ross Greenwood – outlines the problems that Australian’s are facing with their super. But – don’t worry – we can help!

http://video.au.msn.com/watch/video/australia-faces-retirement-crisis/x4mx1gx

If you are approaching retirement, you may be interested to know how much money your retirement will cost, and if you are short, what you can do to meet your objectives.

So how much do you need in retirement? The ASFA Retirement Standard provides an approximation of how much you need to live on when you retire depending on whether you would like a comfortable or modest lifestyle and whether you are single or a couple. To check out these balances, click here.

Secondly, it is useful to look at NGS Super’s Future Super calculator. This shows how your super is growing and your approximate balance at retirement if you continue to earn your current income. If you are short, you can give your super a boost by contributing to your super on an ongoing basis which really adds up over time. NGS Super’s Extra Contributions calculator demonstrates how adding extra to your super can really impact your final balance at retirement.

Need some extra guidance? Financial planning can help!

We understand that planning for your retirement might seem daunting but seeing a financial planner can make a big difference. NGS Financial Planning can assist you to determine your goals and make a plan that suits your individual needs.

As an industry super fund, we do not pay commissions to anyone and our financial planners operate on a fee-for-service basis. To find out more about this service or to make an appointment, please call 1300 133 177.