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Comfortable retirement costs less than many think as shares rally on Middle-East truce
Published 1 week, 5 days ago
Description
The Australian sharemarket jumped 1.3 per cent to its highest close since mid-April after the US and Iran agreed to an interim deal to end hostilities in the Middle East, easing investor concerns and sending oil prices sharply lower. In this episode, Daniel Martin from Alvia Asset Partners breaks down the market rally, the impact of falling oil prices, and why airlines, miners and other major stocks benefited from the improving global outlook. Plus ASFA CEO Mary Delahunty explains why many Australians may be overestimating how much they need for a comfortable retirement, with new figures showing singles require around $630,000 in super and couples $730,000 by retirement age.