Since the GFC, we have had many clients who were planning on retiring coming to us with concerns about whether they can still afford to retire or that they do not have enough invested to last them throughout their expected lifetime.

Unfortunately, many people are in this situation so you are not alone! According to the US 2010 Employee Benefit Research Institute Retirement Security Projection Model, 47.2 per cent of early baby boomers (born between 1948 and 1954) were likely to have insufficient retirement income to pay for basic retirement expenditures as well as uninsured healthcare costs. The percentage risk for late baby boomers (born between 1955 and 1964) and generation Xers (born between 1965 and 1974) are 43.7 per cent and 44.5 per cent, respectively, according to the EBRI research.

Given the continued economic uncertainty and the rise in both life expectancy and medical costs this can be a real problem.

However, if you wish to retire with peace of mind, we have provided a number of strategies that could be utilised to ensure that your nest egg lasts throughout your retirement years.

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