Financial Wellbeing: Concerns and choices among older Australians

Older Australians face a range of risks that can impact on their financial security in retirement. How much does a retiree need for future expenditure?; if they live longer than expected will the money set aside be sufficient?; will their funds keep up with costs of living?; and how can one reconcile the need for investment growth with requiring certainty of income and spare funds for emergencies? To better understand the financial risks and concerns facing older Australians, their wellbeing, and their attitudes and choices, a survey of National Seniors Australia members was conducted in 2010, run jointly by ANU, Rice Warner Actuaries and AMP