Part 6/7:
Income Plus Growth Equals Total Return: Retirees should not solely focus on income generation. Instead, it’s crucial to foster both income and growth within your portfolio to keep pace with inflation and support a sustainable withdrawal rate over multiple decades.
Asset Allocation: How you allocate your assets across various categories—such as cash, bonds, Australian and global shares, and property—plays a significant role in your long-term financial success. A well-structured allocation can provide consistent income while managing risks associated with market volatility.