|77%||Seventy-seven percent of Australian pre-retirees who haven’t enlisted the help of financial professionals don’t feel prepared for retirement, according to a recent survey by MLC*.|
|2x||But Australians engaging the help of financial professionals are more than twice as likely to feel ‘very or fairly well prepared’ for retirement than those without a financial professional.|
|25%||Those surveyed with financial planners are also 25% less likely to expect to rely on government support to ensure their financial security (52% with financial advisers compared with 27% without)|
|10%||And are 10% less likely to be relying on an inheritance to ensure financial security (77% with financial advisers compared with 67% without).|
|$58K||Couples need $58,922 per annum for a comfortable retirement and $34,064 per annum for a modest retirement, and singles needing from $23,000-$43,000 per annum for a modest to comfortable retirement, according to MLC.
|2x||The survey found that women are almost twice as likely to feel unprepared for retirement as men. For many women, career breaks to have children often means less super, and a lower annual income when they return to work.
|Gen Y||Young people (aged 25-29) are also more likely to feel unprepared for retirement, as retirement seems too far off to worry about, according to the survey.|
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