FORO – the fear of running out – is a very real issue in Australia. AMP’s Financial Wellness research indicates that almost 50% of Australians are worrying that they don’t have enough money for retirement.
The realisation that you may someday soon be living off your retirement savings can be hard to confront. FORO often results in retirees adopting an ultra conservative lifestyle in order to preserve as much of their capital.
Bunkering down and spending as little money as possible can impact your quality of life and prevent you from enjoying the retirement that you have worked your whole life for.
The best way to make the most of your retirement savings is to speak to an adviser who has experienced retirement planning. We can ensure you have a plan in place which allows you to retire secure in your knowledge that you can live comfortably and make the most of your remaining years.
If you have concerns about retirement book a time to chat here, and discuss what is best for you.
