Over the weekend I met up with some long-standing friends over lunch, and the inevitable question came up (thanks Helen!).
How much is enough to retire?
Advisers like me aren’t trying to be cagey when they respond “that depends”. Firstly, with so much licensing and regulation, we have to be careful not to have people rely on our off the cuff comments or generalisations, taken to be “advice”. Secondly, there is no “one size fits all” answer. Any advice, should be provided formally taking into account your own set of circumstances, objectives and preferences – that’s the advice that matters and you can rely on.
Stay tuned, this week we’ll talk more about retirement income.