Many future pensioners will be sharing the same address: Struggle Street. How will you be living when it’s time to stop work? And will you be able to afford to stop?

It’s not just the new Rudd budget, nor the big hits to super. It’s not only the GFC, nor the increase in the retirement age to 67, nor the doubling number of retirees by 2050, nor the measly age pension. No, it’s not just one of these; it’s all of them. And the view down the road is not a bright one for people who haven’t yet made the right provisions for the future.

Those who do manage to retire in comfort, and can do it early enough to enjoy it, will be in the minority, probably fewer than 10 per cent. For the rest, it’ll be hard yards all the way, with little relief. Struggle Street will be the place they call home.

A recent study by UNSW academic, Alan Morris, showed that right now many pensioners who are forced to rent a home have very little, if anything, to live off once the rent has been paid. With the median Sydney rent of $434.60 per week, it’s no wonder that there’s nothing left to live off.

While today’s reality sees grown up children in their 20’s and early 30’s either staying at home or moving back in with their parents, will tomorrow’s world see parents moving in with their children as they struggle to make ends meet?

The bad news is that the numbers are stacking up against the chances of a comfortable and secure retirement, and maintaining a decent lifestyle will be a pipedream for most elderly Australians. Time is running out as well.

The good news is there is something you can do about it, provided you make the right moves early enough. If you still have ten to fifteen years left to work with, we have a proven investment solution that can dramatically improve your current outlook, simply and easily.

If you would like to learn more and discuss how McCarthy Group can assist you, click here.