How to Budget for Retirement

If you've got grandparents or parents in the aged care sector there's also something called RMMR, residential medication management reviews beg your pardon. Now that can be able to reduce cost and this is also for aged care residents. Number one is of course ignoring super don't do it. Number three is spending like you're still working in retirement. But generally speaking though I think you'll need around that 70% of your income you earn per year while you're at your peak earning years. That's in today's dollars. That doesn't account for inflation remember. So consider that there's a U-shaped strategy here.