Jennifer of Cheltenham asked quite simply whether $1M is really needed to fund her retirement. Check out our advisers responses
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Fergus Hardingham Responds:
We would also encourage clients preparing for retirement to attend to their contingency arrangements – that is not life insurance for them, but for their children. As an under-insured adult child, possibly with a family and liabilities (a Sydney Mortgage for example), could again become dependent on the client and thus compromise the client’s retirement plans regardless if they have $1M or not.
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