Property Now
Is $250K, $500K, $750K, and $1M Enough to Retire Comfortably?
Do you actually know how much you need to retire comfortably?
Most people don't.
In this episode of the Property Academy podcast, Ed and Andrew break down exactly what you can spend in retirement at five different levels:
● Tier 1: $100k (tight, emergency fund only)
● Tier 2: $250k (dinner out once a fortnight, camping trips a couple times a year)
● Tier 3: $500k (regular dining out, domestic holidays, overseas every couple of years)
● Tier 4: $1M (regular overseas holidays, quality health insurance, buffer for shocks)
● Tier 5: $2M (multiple overseas trips a year, business class, premium everything)
Ed also explains the three stages of retirement spending (Go-Go, Slow-Go, No-Go) and the #1 thing that changes the maths more than anything else: whether you own your own home.
If you're renting in retirement, this episode will show you why the numbers get really tough.
Ok, now for the legal bit:
The information and opinions on this channel are for your general information. It’s not financial advice. So the hosts aren’t telling you what to do with your own money.
We’ve made every effort to make sure the information is accurate. But we occasionally get the odd fact wrong.
Make sure you do your own research or talk to a financial adviser before making any financial decisions. See our Disclosure information here.
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How to 5x your returns in property investing⎥Ep. 2020
How to 5x your returns in property investing⎥Ep. 2020Am I middle class?⎥Ep. 2013
Am I middle class?⎥Ep. 2013