THE SWEET SPOT
If you worry that your superannuation savings are inadequate, you’re not alone. Around 65% of Australians retire with less than $250,000 in superannuation. If you’re one of them, however, you could be pleasantly surprised and find you are in a better position than you thought. You could even have a healthier retirement income than people who have a lot more super.
There are good reasons to feel more confident about your retirement because your modest savings could be close to what’s called “the sweet spot.”
This is where singles with $280,000 and