Small business owners face superannuation squeeze as retirement looms
Almost three million Australians are expected to retire over the next decade, but many small business owners and women lack confidence they have enough super.
Almost three million Australians are expected to retire over the next decade, but not everyone is heading toward their golden years with confidence.
Many are still thinking about their “number” – the preferred size of their superannuation pot and their likely annual living costs.
The Association of Superannuation Funds of Australia suggests a modest retirement is achievable with around $630,000 for a single person or $730,000 for a couple, assuming home ownership and access to a partial age pension.
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