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That means a total of 85 cents in every dollar of your retirement income is generated from investment growth. Is your retirement asset allocation giving you a chance to realise this level of investment growth? With a different balance of asset allocations, you may be able to make your money last longer.
Bucket strategies are designed to balance the need for income stability and capital growth in retirement. It is simple to divide up your retirement income into three buckets:
Depending on how well you tolerate investment risk, you can implement the bucket strategy using ESSSuper's existing investment options:
The key is also to revisit your buckets on a regular basis to ensure the asset allocations are maintained in the proportions as intended.
1. The Russell Investments 15/35/50 retirement lifestyle rule. Revised June 2018. 2. ESSSuper Retirement Income Research June 2019 conducted by Rice Warner comparing investment outcomes of the bucket strategies vs. our members’ existing asset allocation.
The information contained in this article is of a general nature only. It should not be considered as a substitute for reading ESSSuper’s Product Disclosure Statement (PDS) that contains detailed information about ESSSuper products, services and features. Before making a decision about an ESSSuper product, you should consider the appropriateness of the product to your personal objectives, financial situation and needs. It may also be beneficial to seek professional advice from a licensed financial planner or adviser. An ESSSuper PDS is available on our website or by calling 1300 650 161.
The AssistMe calculator does not advertise or recommend a particular financial product, nor is it intended to be relied upon for the purposes of making a decision in relation to a financial product. Before making any financial decisions in relation to a financial product, you should consider the appropriateness of the product and your personal objectives, financial situation and needs. You should also consider seeking professional advice from a licenced financial planner or adviser before making any financial decisions. The purpose of the calculator is to show you how much income your super may provide you in retirement and the options you have to increase it. The calculator has not taken into account your lifestyle expenses and other commitments like a mortgage or personal loans. ESSSuper has made reasonable efforts to ensure the accuracy of the calculator results but does not accept liability for acts or omissions based on its content. The information resulting from the calculations should not be relied upon as a true representation of any actual superannuation entitlements or benefits from any particular scheme or relied on as a basis upon which to alter your financial situation without advice from a professional. You should assess your own financial situation and consult a financial adviser before you make any changes to your financial affairs.
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