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21 Vanguard | How Australia Retirestitudes Report
2 1 V anguar d | R e tir emen t A t
Felix & wife
52 years old
Brisbane, Queensland
Felix lives with his partner Charlotte and their children. He is a teacher
who works full time. Felix lacks understanding in how much he will need
to fund the lifestyle he desires in retirement. Despite this, he hopes to
be able to use his retirement income to support his family. Felix plans to
continue some form of paid work in retirement and is also interested in
volunteering. He is a little nervous about dipping into his superannuation
and would prefer to leave it untouched for as long as possible. Instead,
he plans to live frugally off the income he generates from casual work.
This, he feels, will allow him more time to figure out how long his
superannuation can support his lifestyle in retirement.
Family Financial Future and Retirement Where does Felix see himself in...
• De-facto with kids living 3 words that best describe his 5 years’ time...
at home financial future and retirement • I hope to be able to provide for
my family’s needs, build our
1. Freedom: to choose where to
Financial Situation savings for our future, have an
invest my time and energy abundance that we can use to
• Household income of 2. Sharing: opportunity to be share with others
$150,000-$159,999
generous with what I give
• Rents his home
3. Steady: a good steady income In 10 years’ time…
that meets our needs with • I plan to be retired in 10 years
Confidence Level Financial plenty leftover to share and be free to volunteer in the
Products community, travel overseas
Superannuation and focus on building up my
• Shares: Very family and my garden
• Bonds: Slightly He slightly disagrees with the
following - “I know how much I
• Exchange traded funds need in my superannuation to have
(ETFs): Not at all a comfortable retirement.”
• Managed funds/Investments:
Slightly Felix feels moderately confident
that he will be able to fund the
• Savings/deposit account: Very lifestyle he wants in retirement.
• Superannuation: Moderately
