Financial advice key to comfortable retirement
Only two-thirds of Australian pre-retirees are on track to meet their retirement goals, according to the latest data released by Investment Trends.
The report, released last ;week, revealed financial planners still had a long way to go in getting their pre-retiree clients in position to meet their objectives for a comfortable retirement.
Commenting on the findings, Investment Trends senior analyst, Recep Peker said the findings were consistent with the company's investor research,
Twenty-eight per cent of Australians who use a financial planner feel that they are not on track to achieving their retirement goals," he said.
“However, Australians who use a planner are more likely to feel on track to achieving their goals."
He said the proportion who don’t feel on track was 19 per cent higher at 42 per cent among those who don’t use a planner.”
The Investment Trends research found that planners anticipated that 33 per cent of their clients aged under 75 would be dependent on the age pension for more than half of their income when they retire, growing to 54 per cent by the time they are aged between 84-95.
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