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by jogjayr 3604 days ago
But then you also have to account for the reduced earning potential due to dying younger :P
1 comments
Nullabillity 3604 days ago
Not really. If you die at 70 rather than 90 then your total earnings were probably pretty much the same.
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TheSpiceIsLife 3604 days ago
In Australia those additional 20 years on the current full rate pension for a single person represent an additional AU$454,428.00 of income[1].

1. The full rate includes the supplements for a total of $873.90 per fortnight for a single person as per https://www.humanservices.gov.au/customer/services/centrelin...

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jogjayr 3603 days ago
Not necessarily. If returns from your retirement savings exceed your outgoings then you're maintaining net positive income till the day you die. Granted as things stand, this case would not represent the majority of people.
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