Although the projected growth in the pool of superannuation savings is certainly heading in the right direction, the harsh reality facing those not far off retirement is that they will have nowhere near enough to retire on!

Increasing life spans, governments continually changing rules and the fact that superannuation savings are not important to many out there (until they are near “retirement” age) is leaving many short, especially the older workers.

It is simple; most people retiring in the next 20 years will not have the lifestyle in retirement they are seeking, or they certainly deserve!

Two options will arise if they are to afford a comfortable retirement, firstly, they will have to work for longer and secondly, the increased contributions required to fund their super will leave them short of time.

As a result, many will be disappointed with their standard of living in retirement.

What can you do to fix this problem?

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