Jonathan Eriksen: Superannuation and Super Fund expert on the recommended savings for retirees
An expert is backing a recent recommendation that retirees need a decent amount of money to top up their superannuation.
New Expenditure Guidelines have found less than $500 thousand in savings is enough for most over-65s.
Superannuation and Super Fund expert Jonathan Eriksen told Roman Travers a nest egg is required to top up superannuation.
He says Massey University's half a million dollar figure is right, adding if people want a bit more luxury for holidays, a million is probably needed.
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