Author(s): Nick Bruining

BUSINESS & FINANCE

As the baby-boomer generation prepares for a well-deserved retirement, financial commentator Nick Bruining has an important message: don’t panic. A new book by Bruining, published by West Australian Newspapers, details why would-be retirees and people enjoying their golden years do not need as much money as they think they do to live comfortably. The book, Don’t Panic: Why You Don’t Need $1 Million to Retire Well, explains in easy-to-understand language how retirement strategies are put together and how superannuation and investments work. Bruining, a columnist forThe West Australian’s personal finance liftout,Your Money , and a regular presenter on Channel 7 and ABC Radio and 6PR, believes the book will take the stress out of retirement. “We can show how if you have $250,000 in savings, the interaction of your superannuation and the age pension means you can retire on $45,000 a year, indexed for life, without taking on terribly much risk at all,” he said.