New research shows a majority of Australians aged 40+ believe they need professional financial advice to reach their retirement goals*.
Here’s a snapshot of the key findings:
Two in three working Australians recognise they need to turn to financial professionals to help them reach their retirement goals
Just 44 per cent of Australians over the age of 40 feel prepared for retirement
Half of those already retired expect to outlive their retirement savings
Australians without a financial adviser have spent four times more of their retirement nest egg on lifestyle expenditure such as renovations, holidays and new vehicles (car, camper or boats) than retirees with an adviser
Two in three Australians are unprepared for costs associated with aged care
*Source: IFA magazine 21 March 2017