Financial ex­pert’s new book of­fers ad­vice on retirement

Pilbara News - - Pilbara News - Ben Harvey

■ As the baby-boomer gen­er­a­tion pre­pares for a well-de­served retirement, financial com­men­ta­tor Nick Bru­in­ing has an im­por­tant mes­sage: don’t panic.

A new book by Bru­in­ing, pub­lished by West Aus­tralian News­pa­pers, de­tails why would-be re­tirees and peo­ple en­joy­ing their golden years do not need as much money as they think they do to live com­fort­ably.

The book, Don’t Panic: Why You Don’t Need $1 Mil­lion to Re­tire Well, ex­plains in easy-to-un­der­stand lan­guage how retirement strate­gies are put to­gether and how su­per­an­nu­a­tion and in­vest­ments work.

Bru­in­ing, a colum­nist for The West Aus­tralian’s per­sonal fi­nance liftout, Your Money, and a reg­u­lar pre­sen­ter on Chan­nel 7 and ABC Ra­dio and 6PR, be­lieves the book will take the stress

DID YOU KNOW? out of retirement. “We can show how if you have $250,000 in sav­ings, the in­ter­ac­tion of your su­per­an­nu­a­tion and the age pen­sion means you can re­tire on $45,000 a year, in­dexed for life, with­out tak­ing on ter­ri­bly much risk at all, ” he said. ■ Don’t Panic is avail­able at lead­ing newsagents and book stores or can be or­dered on­line at thewest.com.au/retirement.

Pic­ture: Sharon Smith The West Aus­tralian

Nick Bru­in­ing’s new book ex­plains how retirement strate­gies are put to­gether.

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