First.y, your videos are superb. I would like to see some information regarding the best way to use super in a married situation. Eg Utilise one partners super and leave the other to grow Utilise both and recontribute Live off savings ( 3 years worth being built up now) To finish, love the accent, always just waiting for the punchline
The retirement calculator is rubbish. If I put in my balance at 200k and my wifes balance at 200k with High Risk it says in 10 years time our balance will be 474k. That equates to High Risk achieving around 2% above inflation, the ART Growth option has an investment objective of 4% above inflation. Here's another one, 400k combined, 0% inflation, 5% return, 0%fees, no contributions, after 10 years balance is 426k.
1% fees in super…..0.1% in an ETF….the super system does a terrible job of smoothing out your lifetime income…it takes money away from those who need it young and subsidises those that don’t later on. Government super subsidies are equal to what they pay in pension. We could double the pension for all as a universal base income. If super can compound, so can the governments ability to tax later.
Best videos on this topic on the inter web.
Excellent contents covered. Thank you
First.y, your videos are superb.
I would like to see some information regarding the best way to use super in a married situation.
Eg
Utilise one partners super and leave the other to grow
Utilise both and recontribute
Live off savings ( 3 years worth being built up now)
To finish, love the accent, always just waiting for the punchline
The retirement calculator is rubbish. If I put in my balance at 200k and my wifes balance at 200k with High Risk it says in 10 years time our balance will be 474k. That equates to High Risk achieving around 2% above inflation, the ART Growth option has an investment objective of 4% above inflation.
Here's another one, 400k combined, 0% inflation, 5% return, 0%fees, no contributions, after 10 years balance is 426k.
1% fees in super…..0.1% in an ETF….the super system does a terrible job of smoothing out your lifetime income…it takes money away from those who need it young and subsidises those that don’t later on.
Government super subsidies are equal to what they pay in pension. We could double the pension for all as a universal base income. If super can compound, so can the governments ability to tax later.