SMSF retirement insights – bridging the prosperity gap, August 2015
Accurium’s paper reports on the changing state of SMSFs during 2014. It shows that SMSF trustees are prepared to work longer to achieve financial security and while they’re statistically ‘comfortable’ in retirement, they have further to go to achieve the prosperous lifestyle they desire.
The paper highlights the wide range of outcomes for different SMSF trustees based on reasonable assumptions about their lifestyle objectives and risk preferences. It shows how vital it is for SMSF practitioners to know their clients and understand their goals. For example, the difference between a 65-year old SMSF couple wanting a reasonable probability of living at the ASFA Comfortable level throughout retirement, and the same couple wanting to spend $100,000 per year with a high level of certainty, is $1.6 million in extra capital at retirement. This range can increase further if the couple also have a bequest motive.
The full White Paper, SMSF Retirement Insights: Bridging the prosperity gap, is available here.
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