42% of Australians fear inadequate retirement funds due to rising living costs, inflation, and longer life expectancies.

Rising living costs and inflation are increasing Australians' fears about having adequate retirement funds, with 42% expressing concerns in a recent survey. This "Fear of Running Out" (FORO) is exacerbated by longer life expectancies. Financial planner Trudy Jenkins recommends proactive planning and understanding investment options, such as the Age Pension and Work Bonus, to ease these fears. Consulting a financial planner can help individuals optimize their retirement strategies and benefits.