How much super do you need
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Robert Devlin in The Australian on how much super you really need
With many Australians dreaming of a “rich” retirement, one with overseas travel, flexibility and financial freedom. The big question remains: how much super is actually enough?
Tribeca’s Head of Advice Robert Devlin recently featured in The Australian, sharing practical insight into how to approach retirement planning.
A decade that really matters
In this article, Rob explains that many people underestimate what their retirement income could look like with proper planning.
“Doing a thorough long-term model generally shows most people getting ready for retirement they can spend more than they think,” he said.
Rather than focusing purely on average balances or generic benchmarks, Rob encourages Australians, particularly those in their 50s to get specific.
“My opinion is everyone in their 50s should have a specific retirement and superannuation plan as this decade is crucial to setting yourself up for a comfortable retirement,” he said.
“It is generally when you are at your highest earning potential, some of your expenses like raising children are starting to fall, and also retirement is not too far away.”
He also noted that upcoming tax changes for super balances above $3 million are another important consideration for higher-balance investors, with structures outside of super potentially playing a role depending on individual circumstances.
Retirement isn’t about chasing a headline number. It’s about having a clear, personalised plan and understanding what’s possible.
The Australian
In a world of sound bites and spin, Australia’s national news brand, The Australian, keeps the nation accurately informed about the issues that matter.
For over half a century, The Australian has been the country’s most trusted source of news, insight, analysis and opinion.