The report suggests that at least 50% of self funded retirees...

  1. Osi
    15,730 Posts.
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    The report suggests that at least 50% of self funded retirees will run out of money. When that happens they will have 3 choices. These are 1) turn up at Centrelink and live a minimal financial existence 2) sell their (often) million dollar + houses then rent and 3) go back to work (if they can). These options are not mutually exclusive.

    The not so black swan (as I see it) is the likelihood of a major market correction in the not too distant future. The super funds are mostly tied by the navel to the ASX 200 soooo ......... when the market goes pop retirees may find themselves joining the rush to sell capital city houses that are no longer worth anything like a million dollars. Centrelink will likely retain age pensions at current levels but the taxpayer will not (in such circumstances) be able to afford to maintain health services at the current quality standard.

    cheers
 
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