Retirement becoming more costly

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AUSTRALIA - The cost of living in retirement has increased by over 8% in the past three years, according to the Westpac Association of Super Funds Australia (ASFA) Retirement Standard.

Figures produced for the quarter ending June 2007, showed a couple with a modest lifestyle would need an annual budget of AUS$26,154 (US$21,357), an increase of over $2,105 from June 2004 levels. ...

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