We got an INCREDIBLE review from a customer recently and we had to share the story.
Why?
Because his words and dream for retirement is basically a core desire for everyone. Sipping Pina Coladas on the beach!
A good retirement plan should help you achieve all your goals, no matter what they are!
As always, we aren’t financial advisers and we don’t give financial advice. We help you with one thing – reviewing your super. So let’s start 🙂
The Review
That’s livin’ the dream, indeed. And our thoughts exactly!
Our review helped Mr. Fergus learn more about his super. Once we connected him with an adviser, he saw the light and is feeling much better about his future.
But let’s do a bit of analysis. Maybe we can help him further so we can maximize these drinks.
How Many Pina Coladas Can We Get
The average price of a pina colada is $10.73
Let’s take as an assumption that you wanted to retire on $1,200 per week. Of course, $1,200 in today’s dollars is less than $1,200 in tomorrow’s dollars, due to inflation. But for now, let’s keep this as a fix variable so we can stick with simpler math (mainly, because we have a pina colada cost saving strategy at the end!)
If you NEED $1,200 per week in retirement, and WANT one pina colada per day, that means you’ll need $1,275.11 per week to have your needs and wants met.
If your plan meets those needs and wants, and hits your goals with inflation (meaning the $1,200 grows but is still “effectively” the same in terms of purchasing power)…
That means if you have 20 years of income in retirement, you’ll have 7,295 pina coladas.
But that’s if you order your pina coladas at a restaurant or bar.
Let’s see if we can improve this…
Mix Your Drinks At Home
According to spoon university, you can reduce your pina colada cost by 84.5%
That means your cost per pina colada would be $1.66
That means if you kept your budget the same ($1,275.11 per week), you could have 6.45 pina coladas per day, or 45.15 per week.
That’s 46,956 pina coladas in your 20 year retirement.
Now… we wouldn’t recommend drinking all those yourself. So, this plan ultimately will create quite the party everyday. You’ll be the most popular retiree on the block!
But What We Do Recommend…
Review your super and talk to one of our partner financial advisers!
Ask them how they can help you sort out your super and put together the right plan for you. And of course, if you have a drink of preference, ask for the plan to factor that in to your well deserved life of leisure.