Why your parent's financial plan won't work for you - Episode 80

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If retirement is a decade or more away, it's tempting to look at your parents and perhaps grandparents in retirement and figure, well, they seem to be getting along fine, I'll just have what they're having.

But there's two key factors that have underpinned your parents retirement, that will look vastly different in your retirement – the Age Pension, and a huge increase in wealth due to rising property prices.