Episode 122

full
Published on:

24th Oct 2023

Super by the numbers

How much money do you need to retire?  It's a question we get a lot here at Money Magazine - I mean a lot!

The latest numbers are out from The Association of Superannuation Funds of Australia (ASFA) on how much you need in your super account to retire well.

This week on the Friends With Money podcast, Money's Michelle Baltazar speaks with Virgin Money Super's general manager, Christopher Sozou, about the facts and figures of retirement.

  • Contributions vs earnings
  • Is super a good investment nest egg?
  • What's the magic number needed to retire?
  • What if I don't own a home?
  • Accumulation vs pension phase
  • Where to get advice?

Links:

*Our thanks to Virgin Money Super for sponsoring this podcast

**Figures quoted in the podcast are updated frequently on the ASFA website

#friendswithmoney #supernumbers #michellebaltazar #virginmoneysuper #virginmoneyau

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About the Podcast

Friends With Money
Earn. Save. Invest.
We all have questions about money; how to earn it, how to spend it, and the best ways to invest so we can watch it grow.

The Friends With Money podcast, created by Money Magazine (Australia’s longest-running and most-read personal finance magazine), shares its extensive network of finance experts, in-depth knowledge of markets and timely advice to help you understand the world of money.

Hosted by senior writer, Tom Watson, and editor-in-chief, Michelle Baltazar, Friends With Money is a weekly chat with a variety of credentialed guests that you won’t want to miss. Listening and learning will help you on the path to financial freedom.