Planning your retirement lifestyle

Planning your retirement lifestyle - Intech 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 $510,000 for a couple or $430,000 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 at bridges.com.au/retirementlab, 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 picture your lifestyle in retirement and select the level of comfort you envisage for your home, food, leisure, transport and health care.
You can then see if your savings, super and investment strategy measure up to meet the retirement lifestyle you want, view and download your results and see how financial advice can help you achieve your retirement goals.


Step 1-Picture your lifestyle

Select the level of comfort you envisage for your home, food, leisure, transport and health care.

This step explains the different comfort levels and their associated goods or services. For instance, do you want to enjoy regular holidays? Do you want to update the kitchen or bathroom or your entire house? Eat out or entertain family and friends at home? How about private health insurance and maintaining a car?

Based on your selections, you’ll be placed on a lifestyle scale from low (modest) to high (comfortable plus).


Step 2 – Test how you measure up

See if your savings, super and investment strategy measure up to meet the retirement lifestyle you want. Roll up your sleeves, test out different scenarios and make the Bridges Retirement Lab work for you.

Standard
Single
Couple
Age Pension
$427.15
$644.00
Modest*
$450.09
$647.57
Comfortable*
$817.07
$1,119.31
*Source: ASFA retirement standard survey December quarter 2014. For more information and the latest figures visit the ASFA website www.superannuation.asn.au

Step 3 – View and download your results

This steps allows you to view and download your personalised results including tips on how you could increase your retirement savings and how a financial planner can help.

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.

To make an appointment with a Bridges financial planner, call Intech on 1300 363 007. The initial consultation is complimentary and obligation free.


Visit bridges.com.au/retirementlab

1 Source: ASFA retirement standard December quarter 2014. 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, Intech Credit Union does not accept responsibility for any acts, omissions or advice of Bridges and its authorised representatives.