Working very hard, living very poor to achieve FIRE, then sit back to do nothing despite possessing the ability to achieve a lot, does not compute. If I retire I would be doing Obesity FIRE and covering with multiple sources of passive income to achieve 100% success. Plus I actually like my work anyway, so going to work is not a burden.
Can you please tell me what is your views about ‘tax on earnings in Super’ during accumulation phase. Do you think it will affect compounding a lot in long term? Does it mean we should invest outside of super in early stages of life??
Earnings on investments within Super are taxed at 15%, Capital Gain Tax at 10% (if assets were held more than 12 months) which is still cheaper than the marginal tax rate most people have.
@@IreneZhu if you live oversees never do what I did which is to contribute after tax contributions. Now only 10 pct on interest whereas money market fund in super is 15. Is that correct Irene ? Maybe I should write to the super fund hostplus and ask if they can reduce but I suspect not since it’s prob a nominee account
Usual informative video Irene 🥇As i am 64 and gearing up for retirement and have a SMSF , would love a video on advise on weather as i am selling dud stocks and investing in quality divided stocks mostly with franking credits is the way to go..??? keep your great work helping others with your great videos..👋👋
Thank you Tony for your support always! All taxes are exempt if you are withdrawing from the Super Pension phase within the current Transfer Balance Cap of $1.9 million. I have a video coming up this Sunday about tax on Super after death 🤐, you may change how you see Superannuation from a new perspective.
To be perfectly honest, most of the clowns trying to sell the “live on 4 pct “ by earning 4 pct really on the fact that they don’t understand how to understand a financial study. The sheep that haven’t understood it are trying to see it to more that don’t understand either. It’s all designed to con a few lazy people out of a few dollars. Of course you are correct Irene. Thx for posting
![KSI - Thick Of It (feat. Trippie Redd) [Official Music Video]](http://i.ytimg.com/vi/At8v_Yc044Y/mqdefault.jpg)
![OsamaSon - ik what you did last summer [Official Music Video]](http://i.ytimg.com/vi/4DIQDnu3mr4/mqdefault.jpg)
🔎Be a smart Value investor by using Seeking Alpha Premium to get 20% discount with 7-day trial: www.sahg6dtr.com/392M6MZ/R74QP/
Working very hard, living very poor to achieve FIRE, then sit back to do nothing despite possessing the ability to achieve a lot, does not compute. If I retire I would be doing Obesity FIRE and covering with multiple sources of passive income to achieve 100% success. Plus I actually like my work anyway, so going to work is not a burden.
You described the Fat FI many people from the FIRE movement are working towards.
Annual expenses of $25,000 for a family 😂 sign me up for wherever that's possible!
Can you please tell me what is your views about ‘tax on earnings in Super’ during accumulation phase. Do you think it will affect compounding a lot in long term?
Does it mean we should invest outside of super in early stages of life??
Earnings on investments within Super are taxed at 15%, Capital Gain Tax at 10% (if assets were held more than 12 months) which is still cheaper than the marginal tax rate most people have.
@@IreneZhu if you live oversees never do what I did which is to contribute after tax contributions. Now only 10 pct on interest whereas money market fund in super is 15. Is that correct Irene ? Maybe I should write to the super fund hostplus and ask if they can reduce but I suspect not since it’s prob a nominee account
Let me qualify sorry. Fixed d for non residents outside super is 10 pct. Inside super on MM it’s 15 pct
Also I find that super funds offering fixed deposit only pay interest annualized. Does anyone experience different.
@@Bokgat don't have any investments on money market funds, interests are paid annually? I would write to Hostplus for clarification.
Usual informative video Irene 🥇As i am 64 and gearing up for retirement and have a SMSF , would love a video on advise on weather as i am selling dud stocks and investing in quality divided stocks mostly with franking credits is the way to go..??? keep your great work helping others with your great videos..👋👋
Thank you Tony for your support always! All taxes are exempt if you are withdrawing from the Super Pension phase within the current Transfer Balance Cap of $1.9 million. I have a video coming up this Sunday about tax on Super after death 🤐, you may change how you see Superannuation from a new perspective.
I'd be so bored at 30.
To be perfectly honest, most of the clowns trying to sell the “live on 4 pct “ by earning 4 pct really on the fact that they don’t understand how to understand a financial study. The sheep that haven’t understood it are trying to see it to more that don’t understand either. It’s all designed to con a few lazy people out of a few dollars. Of course you are correct Irene. Thx for posting
Thanks 🤜
5th like.