Retirement measuring up?

Written by Laboratories Credit Union


With the cost of living going up each year, it’s hard to imagine how much you’ll need for your retirement.

But, the latest figures suggest that if you’re aiming for a comfortable lifestyle in retirement you’ll need to save about $640,000 for a couple or $545,000 for a single person1. And, it would be even more if you want to enjoy some of the finer things in life.

So what will this amount afford you in retirement? To find out, enter the Bridges Retirement Lab see how you measure up and whether you’re on track to live the retirement you want.

What’s the Bridges Retirement Lab?

The Bridges Retirement Lab is an online tool that lets you test out various retirement scenarios in three easy steps:

Step 1:Picture your lifestyle in retirement

Step 2:Test if your savings, super and investment strategy measure up to meet the retirement lifestyle you want

Step 3:View your results, see what action to take and how financial advice can help. This steps allows you to view and download your personalised results.  

Financial advice makes a difference

To discuss and understand what the results of the Bridges Retirement Lab mean for you, make an appointment with a Bridges financial planner.

We have an established alliance with Bridges, to provide our customers with financial advice. In fact, Bridges has been helping Australians prepare for their retirement for over 25 years.

A Bridges financial planner will develop a plan specifically for you; one that’s tailored to your needs and circumstances, to help you achieve your goals, both in the lead up to retirement and during retirement.

Make an appointment with a Bridges financial plannerJohn Addario call us on 02 9859 0585 or visit the Bridges Retirement Lab.

The initial consultation is complimentary and obligation free.

1 Source: ASFA retirement standard December quarter 2015. Assumes receipt of part age pension.

Bridges Financial Services Pty Limited (Bridges). ABN 60 003 474 977. ASX Participant. AFSL 240837. Bridges is part of the IOOF group. This is general advice only and has been prepared without taking into account your particular objectives, financial situation and needs. Before making a decision based on this information, you should assess your own circumstances or consult a financial planner or seek taxation advice from a registered tax agent.

In referring customers to Bridges, Laboratories Credit Union does not accept responsibility for any acts, omissions or advice of Bridges and its authorised representatives.