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Retiring in the next decade or so? Tips and tricks to apply, right now

11 September 2019 11:41 AM
Tags:
Warren Ingram
The Money Show
Retirement
Bruce Whitfield
Planning for retirement
Personal finance
Galileo Capital
personal finances
retirement planning
personal finance advisor
personal finance expert
saving for retirement

Personal finance expert Warren Ingram discusses five things you should do right now if you're to retire in 10 years, or so.

This interview happened on 11 September 2019.


pixabay.com, 2019

The Money Show’s Bruce Whitfield asked personal finance expert Warren Ingram (Galileo Capital) for tips on what to do if you’re aiming to retire in a decade, or so.

  • Check that you are saving enough – you need a minimum of 12 but preferably 20 times your annual salary to retire in comfort at 65.

  • Married couples should consider retiring at different times, if possible.

  • Ensure you’re not investing too conservatively, or inflation will eat you – you need to have most of your portfolio in shares.

  • Increase your home loan repayments.

  • Focus on your career – you have a decade to go. In that time, the world of work would’ve changed. Keep your skills honed.

For more detail, listen to the interview in the audio below.


This article first appeared on 702 : Retiring in the next decade or so? Tips and tricks to apply, right now




11 September 2019 11:41 AM
Tags:
Warren Ingram
The Money Show
Retirement
Bruce Whitfield
Planning for retirement
Personal finance
Galileo Capital
personal finances
retirement planning
personal finance advisor
personal finance expert
saving for retirement

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