Thursday, September 20th, 2012 - Metropole
Leading property investment adviser Michael Yardney, of Metropole Property Strategists warns that most Baby Boomers won’t have a big enough nest egg to retire comfortably.

In is Property Investment Update blog Yardney explains that the Australian superannuation industry lost $18.5 billion of their clients’ money in the last financial year.

He cites a poll that shows that Baby Boomers are retiring, on average, on about $200,000. This is considerably below the $1 million figure generally accepted by the financial planning world that you need to retirement and live comfortably.

By the way… Michael Yardney thinks you need much, much more and says it’s little wonder that more and more Baby Boomers are looking at taking control of their financial future and setting up Self Managed Super Funds (SMSF.)

He explains that more Baby Boomers are setting up their own Self Managed Super Funds and taking their destiny in their hands. Many are investing in shares, but more and more are investing in property.

Yardney’s personal preference is for property, largely due to the fact that residential real estate has proven itself to be less volatile than shares or managed funds.

Combining the security of bricks and mortar with the tax office changing superannuation regulations back in 2007 so that people can borrow within their own SMSF’s, it is not surprisingly that real estate is becoming an increasingly popular super fund cash cow.

Read his full update here: http://propertyupdate.com.au/baby-boomers-how-are-you-going-to-retire/

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Metropole


Metropole Property Strategists helps Australians become financially free through independent, unbiased property advice.

We help beginning investors buy their first property, experienced investors add to their portfolio and sophisticated investors "manufacture" capital growth by becoming property developers.

Over the years the Multi Award Winning Team at Metropole have bought, sold, financed, developed, advised, negotiated for and project managed hundreds and hundreds of millions of dollars worth of property transactions to create substantial wealth for their clients. And we can do the same for you.

We help our clients create financial independence by building lasting wealth through growing a high-performing property portfolio.
Michael Yardney
P: 0419800900
W: www.metropole.com.au

Keywords

baby boomers, retire, retirement

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