Introduction

One of the most common questions I’m asked as a financial adviser is “will I have enough to retire?” It truly is the $64,000 question and if $64,000 was the answer, we’d all be on easy street!

With so many variables involved, there is no set answer, but these days with many of us expecting to live longer, at least one million dollars is the minimum required to fund a comfortable retirement.

Below I have outlined some key tips that I would talk to you about if you were sitting in front of me:

Introduction

A regular savings plan can turn small amounts of money into a sum that can take you closer to your dreams much faster. All that’s needed is time and discipline.

For example, let’s see what happens to an investment starting with just $100 and adding $100 each week from your regular income. Table 1 shows what the investment value would reach after five years and up to thirty years. In this example, we have assumed that the investment pays a return of

Introduction

But there is one big difference and it’s all about perception of risk.