If you have a million dollars lying in your Superannuation kitty, there is a good chance you have secured yourself a more-than-decent retirement. While this may not look easy to attain, it is very much possible. The clue lies in getting the basics of Super savings right.
People take the mortality equation in right earnest. They fear they may die prematurely and thus try ensuring in advance that everything falls in place when they are no more there. Quite surprisingly, many of us fail to explore the other spectrum of this assumption. What if we survive beyond our expectations? Have we adequately considered the longevity risk?