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0 pointsjogjayr9y ago0 comments

But then you also have to account for the reduced earning potential due to dying younger :P

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Not really. If you die at 70 rather than 90 then your total earnings were probably pretty much the same.

In Australia those additional 20 years on the current full rate pension for a single person represent an additional AU$454,428.00 of income[1].

1. The full rate includes the supplements for a total of $873.90 per fortnight for a single person as per https://www.humanservices.gov.au/customer/services/centrelin...

jogjayrOP9y ago

Not necessarily. If returns from your retirement savings exceed your outgoings then you're maintaining net positive income till the day you die. Granted as things stand, this case would not represent the majority of people.

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Nullabillity9y ago

Not really. If you die at 70 rather than 90 then your total earnings were probably pretty much the same.

TheSpiceIsLife9y ago

In Australia those additional 20 years on the current full rate pension for a single person represent an additional AU$454,428.00 of income[1].

1. The full rate includes the supplements for a total of $873.90 per fortnight for a single person as per https://www.humanservices.gov.au/customer/services/centrelin...

jogjayrOP9y ago

j / k navigate · click thread line to collapse