Australians are taking more debt into retirement
Of the top 10 per cent most indebted households, it’s the over 65 year old households that have increased their level of debt the most – their repayments to income have almost doubled from 9 to 17 per cent.
- AMP.NATSEM report 13 December 2015
What’s your ideal view of retirement?
- Overseas holidays?
- Buying a caravan and traveling around Australia?
- Spoiling your grand kids?
- Pursuing a passion?
- Having the financial freedom to do what you want, when you want and not be burdened by financial stress and be controlled by debt?
Have you thought about how you’ll get there? Do you know how much you’ll need in retirement?
It’s never too early to start considering your retirement. A large part of this is your superannuation.
Are you invested right for your stage of life?
Can you make more contributions to provide more income later and reduce tax now?
Equally important is debt reduction before retiring so that you’re not using your hard earned to retirement savings to pay down debt when that’s what you’re supposed to live on.
Fast Track Wealth Services have a range of strategies, investment portfolios, and a range of product solutions to help you get the most from your superannuation and can provide you with the right advice so that you can have the retirement you dream of, and deserve. Own your tomorrow, by planning for the retirement you want…today.
For more information, contact us.