Super & retirement in Australia: a financial adviser’s perspective

[@varinanguyen7859]

how much it usually costs get advise for retirement plan?

[@TopoTopo-ed5vv]

Quick Question. At 67 Can I recieve the age pension if living overseas

[@pbassin]

Yes, but it is significantly reduced - contact Centrelink. Note: Some countries do, or are planning taxing income coming from overseas, for example Thailand.

[@MegaMalkiel]

what happened to AMP Superannuation funds?

[@marciapalazzi320]

Would have been great to hear thoughts about how this latest stock market volatility will affect our long term super goals and whether it is actually wise to keep adding extra to our super whilst we watch it going backwards.

[@calamarininjabeast5866]

The market on avg goes up 10% per annum one year might be 30% the next -10% it’s a long term game don’t look at it 👀

[@mangoman9290]

When the stock market tanks it is the best time to buy as everything just went on sale. You still have 10, 20, 30+ years for it to recover. Go back 3 years and see how the returns have been since April 2020, imagine throwing all of your money into the covid crash and how far ahead you would be now if you did so.

[@theowenssailingdiary5239]

Its crucial that you add more and if you have a long time until retirement, and that you are aggressively invested inside super.

[@hrishikeshgurjar]

I dont understand why these financial planners/ advisors are so scared to say that if an average Joe is about 40yrs old right now and spends around 4000 per month excluding mortgage, then he can expect to pay around say (not accurate) 8000 per month ( with 2.5% inflation).i am not a financial planner and i can say that with reasonable confidence that for an average australian couple living in a paid off house, u would need around that number for a comfortable retirement. Why cant these financial planners take similar assumptions and advise the number accordingly? No one is going to take them to court for giving that approx number just as a guide. I just lose interest when i hear, it depends and everyone is different. No, everyone is not different. Give people an approx number without them having to spend thousands of dollar on advisors and planners.

[@leonie563]

Isn't that what the Govt "Purpose of Superannuation Review" is doing when it's launched soon? Go look at John Wasilev AFR and Noel Whittaker SMH for ideas but expect all of the guardrails will shift soon. The erosion of the tax base and pre 1990s era concessions are still in place and the IGR Report just played snap.

[@MegaMalkiel]

Young beauty queen teaching us pensions is useful and inspiring ...

[@w0mblemania]

When you say "You can access your Super at 60", isn't that only for people who declare that they are *retired*? i.e. if you're still at a job or you have your own business, you can't access your Super until you officially "'retire" or you reach 65?

[@declanthomas91]

You are correct. After 60 a change in employer would constitute a condition of release. The term is change of gainful employment, which means ceasing work. So you cease working for one employer and move onto another meets this condition. Changing roles in the same company doesn't.

[@w0mblemania]

@@declanthomas91 Cheers.

[@broderickproeger4025]

Look up TTR - Transition to Retirement accounts. Once you turn 60 you can withdraw up to 10% of your super while still working, tax free. You can even reduce your tax by salary sacrificing part of your salary into super, which means you only pay 15% tax on that part, and then withdraw the 10% without tax.

[@w0mblemania]

@@broderickproeger4025 Thank you.

[@southern-sunshine]

Perfect example of how to speak for 40 minutes without talking anything useful about super. Whatever is being spoken is very generic in nature and nothing unknown.

[@w0mblemania]

Ungrateful, unhelpful comment.

[@FJQ7]

Legally she can't give personalized super advice over a youtube video. It needs to be generic.

[@jes7119]

It's generic to you because you've already learned these things from other 'generic' sources, which I'm sure you appreciated at the time. Way to think the world revolves around you.

[@b0rtie]

Hopefully they’ve planted seeds into your own yard. Your job is to tend to those seeds, in the hopes they grow and you’ll eventually be able to reap the rewards with your careful planning.

[@wildcat1419]

What do you expect? Everything she said was correct and helpful for some. If you want more detail pay for your own advice tight arse.

[@daves-selfie-wilderness-raves]

Retirement from what?

[@Katie-bc2pv]

from asshole rude customers.

[@ggbogo935]

ah, yes. taking financial advice from females... what could go wrong?

[@oldmanJ]

Not much.Why do you think there would be??