This important episode is a giant wake up call for those cruising through life believing the government will look after them in their golden years. The aged pension is not a retirement income supplement for past taxes paid, it’s an emergency welfare payment to assist older citizens to overcome the dire consequences of living in poverty. So, with 75% of retirees relying on the aged pension, something is drastically wrong with the way Aussies make and manage their money. Find out what that is and what you can do to ensure you are financially self-sufficient when you no longer plan to work.

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