Page 14 - How Australia Retires
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13 Vanguard | Retirement Attitudes Report
Vik & wife
71 years old
Sydney, New South Wales
Vik lives with his wife Nikita in Southern Sydney, and is currently retired.
He emigrated from his country of birth many years ago whereupon he
changed careers and worked for the Federal Government (for almost
20 years). Vik and Nikita sought financial advice and worked hard to
ensure they would be comfortable in retirement. They dreamed of holidays
and moving closer to the beach, but in reality, they now spend most of
their time looking after their grandchildren. For this reason, Vik and Nikita
don’t want to relocate away any more as they enjoy spending time with
their family in retirement.
Family Financial Future and Retirement Where does Vik see himself in...
• Married with children who 3 words that best describe his 5 years’ time...
have left home financial future and retirement • Acquire new skills/hobby
such as golf
1. Secure: Based on the super
Financial Situation • Work as a volunteer
I have and the expected
• Household income of returns from it • Develop his IT skills, especially
$55,000-$60,000 with apps
2. Freedom: Now that I am
• Own their home and retired, I have freedom to • Do some daring activities such
paying off a mortgage do what I want as skydiving
3. Volunteer: I have accumulated
Confidence Level Financial so many skills that I can share In 10 years’ time…
Products with others • Continue the previously listed
• Shares: Very activities plus do some world
Superannuation
• Bonds: Slightly travels especially by cruising
He strongly agrees with the
• Exchange traded funds following - “I know how much I
(ETFs): Moderately need in my superannuation to have
• Managed funds/Investments: a comfortable retirement.”
Moderately
Vik feels very confident that he
• Savings/deposit account: Very will be able to fund the lifestyle he
• Superannuation: Moderately wants in retirement.
