Retirement living: How much is enough? (It depends)
Every quarter, the Association of Superannuation Funds of Australia (ASFA) releases an updated guide on what it may cost for singles and couples, depending on their age, to fund a modest or comfortable lifestyle in retirement. In this article, we look at the ASFA Retirement Standard for a more targeted view of retirees. This is not necessarily from a budgeting and tracking your spending point of view (although this is still important), but more in terms of understanding how certain things, such as your age, marital status and lifestyle, can affect the costs associated with funding your retirement and the subsequent budget breakdown that can follow this.