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Retirement trap hurting saving Aussies

Australians are being warned that they will need half a million dollars to escape the “retirement trap” of a reduced pension due to assets meeting certain thresholds, according to an industry expert.

Retirement trap hurting saving Aussies
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Retirement trap hurting saving Aussies

According to BetaShares, retirees who lift their savings to between $350,000- $600,000 may ironically see their income diminish.

Read more at SMSF Adviser

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