How much can you really afford to spend in retirement?

Aaron Minney is Head of Retirement Income for Challenger, and for 12 years he's been researching ways to generate income from investments in retirement.  There's a simple way for working out how much money you can SAFELY spend in retirement, and prepare a budget for the future. In this episode, Bec and Aaron will tell you how.  What the research says about retirement spending Defining safe-spending and the guidelines   How longevity and life expectancy is shaping and changing the narrative The economic theory you SHOULD care about  Budgeting and the generational shifts  The 'commodore theory'  Diving into the safe-spending specifics: The formula to work it all out In our PrimeTimers newsletter this week we’ve published two different sets of safe spending tables that you can use to guide your own safe spending levels. The first is for couples sharing a super balance, and the second is for singles with their own super balance: https://open.substack.com/pub/primetimers/p/how-much-can-you-afford-to-spend-retirement?r=1tq9g0&utm_campaign=post&utm_medium=web&showWelcomeOnShare=trueSee omnystudio.com/listener for privacy information.