New research shows a majority of Australians aged 40+ believe they need professional financial advice to reach their retirement goals*.

Here’s a snapshot of the key findings:

66%

Two in three working Australians recognise they need to turn to financial professionals to help them reach their retirement goals

44%

Just 44 per cent of Australians over the age of 40 feel prepared for retirement

51%

Half of those already retired expect to outlive their retirement savings

400%

Australians without a financial adviser have spent four times more of their retirement nest egg on lifestyle expenditure such as renovations, holidays and new vehicles (car, camper or boats) than retirees with an adviser

66%

Two in three Australians are unprepared for costs associated with aged care

*Source:  IFA magazine 21 March 2017