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	<title>David Pratten &#187; Investment</title>
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		<title>Rethinking retirement financial goals</title>
		<link>http://www.davidpratten.com/2006/06/04/rethinking-retirement-financial-goals/</link>
		<comments>http://www.davidpratten.com/2006/06/04/rethinking-retirement-financial-goals/#comments</comments>
		<pubDate>Sun, 04 Jun 2006 03:32:51 +0000</pubDate>
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		<description><![CDATA[I was born in 1961 and so I am right on the tail end of the Baby Boomer Generation. I have got the Australian Government&#8217;s message! I know that superannuation and saving for retirement is now more of an imperative than it was in the past. Unfortunately, the full meaning of this has remained elusive to me. How much money do you need to retire? Over the years I have tried to figure out the net worth required at retirement to fund a pleasant and useful retirement. It is always a large, seemingly unattainable number. As well, the uncertainty surrounding future cost of living, effective returns on investments, taxes and government pensions definitely muddies the water for me. Net worth at retirement includes the value of properties (less outstanding mortgages), superannuation fund balances, shares, cash and ownership of businesses and other assets. The other day I realised that a retirement goal could be framed in such a way that we do not need to see into future. I realised that Australian&#8217;s could aim to retire with an average Australian net worth (or to retire with a top 40% Net Worth, for example &#8230;). Framing a retirement goal this way allows [...]]]></description>
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