Average Retirement Age In Australia: When Should You Retire?

[@SuperGuyAu]

Hey everyone, thanks for watching! Ready to take control of your retirement? Download our FREE 6-Step Superannuation Check today: www.torowealth.com.au/6-step-super-check/

[@petercoburn2362]

I decided to retire at 62, I’m self funded and wanted to enjoy my nest egg while I was still of good health. So glad I did as my wife and I have travelled extensively over the last 10 years before health issues grounded us. Current inflation has eaten into our superannuation balance and it won’t be long before we’ll need to apply for government pension.

[@thelonewolf666]

shouldnt have travelled hey

[@petercoburn2362]

Self employed for 40 years before retirement, working 60 hours a week, paid a huge amount of tax and certainly felt we needed to reward ourselves so we’re tapping into our nest egg before our children inherit it.

[@mindrealminsights6517]

​@petercoburn2362 good on ya mate. You deserve to enjoy the fruits of your labours. Anyone saying different is missing the point. It's not all about making future life easier for your kids, although I think that's the main motivation for most of us to a point. We have to remember to enjoy life for ourselves as well, especially in the later years when time and health is limited

[@allenhill4578]

I think you did the right thing and deserved to do some travel. However I'm interested in your comment about inflation. I have my super in a mixture of balanced and growth in an industry fund and the returns have been outstanding. Each to their own but for me at least I won't be leaving it in a conservative profile.

[@warwickclark2143]

@@thelonewolf666I think you missed the point ….

[@Charlie-nu5oc]

Amazing how complicated people can make things, when it can be explained so simple. Most financial planners like to make things complicated. Been retired now for 5 years and enjoying life. Self-funded and blessed that we can make the most of it. You will run out of health long before wealth. My focus is: Self, Health & Wealth.

[@bobbytheblade2550]

Average people accomplish average things. I planned retirement at age 15: Retire by age 50! 10 years ago, I made that happen, and it's been wonderful. I got married, lived way beneath my means and invested. We raised 5 kids, and now at age 60, I am 10 years into a great life. PLAN!, and avoid the sheeple herd! That's the key.

[@SuperGuyAu]

well done!

[@mce_AU]

I retired at 57 3/4 and have been self funded ever since. Centrelink is not on my radar at all, but aging could cause a rethink. Keep up the great videos Chris. Cheers.

[@tonylander3512]

How much did you have ?

[@mce_AU]

@@tonylander3512 Sorry man not going to answer that one.

[@gerrym75]

​@@tonylander3512enough, obviously

[@EnjoyMyVideos]

May be you can give rough idea on how much approximately you had, what returns you were getting and how much you drew monthly? It will help people plan theirs.

[@Comeatmeow]

​@@mce_AUcould just say a gazillion...moon rocks

[@scarseven7855]

Plan to work to 55 (50 now), live off savings until i can get my super, use that until i can get the pension. For clarity i already own my house so only need money for food and bills.

[@bernadethbasangan7775]

Same

[@robsalvv5853]

Basically my plan too…

[@CB-sx8xh]

2 weeks off retiring (at 53) and 2 weeks into a graduate certificate which will give me the option to do work if needed.

[@sirdino6967]

Im on the same plan retired at 51 (now 54) living on my savings until super age (60) I own my own house and car have no debts no kids ,,, savings account are earning around 5% now , its the best ive had in 20 years ... cheers guys

[@EnjoyMyVideos]

May I know which account or investment is best to give 5% return on large amount like 1M?

[@maestrovso]

I am American and KZbin recommended this video. My interests are wide and deep and I watch everything from every parts of the globe. Most shocking here is how young the average retirement ages in Australia. I would not had guessed that.

[@farzinfrank2553]

They say things that has many conditions attached

[@richardguthrie3422]

I think though that many are forced into retirement earlier than they would like. They lose their job and can't get another in their late 50s.

[@newlife8318]

You can transition at 60. I pulled out some super and bought a little place at 60. Lived off rent from house I'd paid off.

[@Bobbydazzlla]

I retired on my defined benefit, company pension 4 years ago at age 55. I should be paying over $11K tax per year but we mitigate that by transferring $27.5K from my wife's SRP super to mine. Luckily she is 8 years older than me so our planets aligned to do this. Our company pension allows us to do this after 50 years of age. We both retired at the beginning of covid after a combined 52 years service. I urge people to seek advice if you're in a similar situation. Bring on tax free 60 in 11 months.

[@davidd5226]

Would be helpful to post a video on retiring early (pre super), say 5 years before one can access Super . What are the best options to sustain yourself for those 5 years before you can tap into your Super fund?

[@sirdino6967]

yes i would love to see a video regarding this too ....

[@jamesmatheson5115]

One way is to have an investment property that way you can sell the house you have been living in to give you a huge nest egg that you can live on and invest the excess back into your Super, no capital gains on the property you live in.

[@davidd5226]

@@jamesmatheson5115 You mean have an investment property (eg future downsizer) that you can move into post 60 and sell the PPOR CGT free at say 55?

[@sirdino6967]

@@jamesmatheson5115 Yes that is a great option ,, i must think about doing this myself . cheers James

[@jamesmatheson5115]

@@davidd5226 Absolutely.

[@kevinvictor-s2w]

I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[@zentriffid]

Im 63 . sometimes I work, mostly I dont. Im healthy, happy and busy. Not sure what retirement actually is but I know a few people who declared themselves retired and died within a few years.

[@herbertbuhlmann3679]

Wow, cant agree more. Spent my whole life acquiring skills and qualifications. Now I am where I wanted to be. Why should I toss that up? For me retirement is being selective in how I want to spend my working life.

[@mjr1965]

I retired at 52 6 years ago and I'm not dead yet.

[@zentriffid]

@@mjr1965 I would hope not at 52, thats pretty young.

[@Southeastasiantraveler]

that was often the case in the past, not as much now, as the baby boomer retirees don't sit around too much. Most of them are at the gym, travelling, managing their investments. That's my experience anyway.

[@zentriffid]

@@Southeastasiantraveler We just returned from a trip around Australia, we did not tow a caravan but stayed in hotels and campsites. Lots of boomers travelling with expensive caravans, didnt see one who looked like he/she knew what a gym was, thats for sure. Mostly these people in their 50s and 60s are moving around like they 90 years old. So maybe the caravan boomers are a different demographic.

[@davidnobular9220]

When do I plan on retiring ? There is a new class of worker called "Die-at-your-desker" That's pretty much me.

[@philliproberts7294]

@@davidnobular9220 yes and that's exactly what the boss and governments want unfortunately

[@TheOzStu]

@@philliproberts7294 Could be worse. You could be like me, I'll have to die on my forklift, or while lifting and heaving stock, in my freezing warehouse, in the middle of winter, in the middle of the night. I figure age and health probs will make it impossible to work til I drop.......so for me it's not die at your desk......it's die in the gutter......that's where I'll be booted too when I can no longer keep up with the slave driving monitored performance levels. But I'm a survivor, despite having lost my shirt over and over via three ex wives, battled cancer, I've still managed to pay off my own home, have no debt, live alone, and have enough money to last me until I qualify for pension anyway. So worst case scenario even if I get the boot tomorrow, is that I have to tighten the belt, and wait five years more for pension, and then live on that. I know people all over who have not had the financial burdens I've had, nor the years battling cancer, who will be in dire straights if they lost their job. In most cases it's been poor choices. They have chose travelling, partying, and living high on debt rather then thinking about their security in the future.

[@newlife8318]

NO!!!

[@nicholewhiteside9147]

Retirement is just like anything else that you work hard to achieve. You need to plan for it. Building up your superannuation to allow for a good retirement is achievable for many. Put in the hard work and you’ll reap the rewards.

[@SuperGuyAu]

Well said!

[@kutto5017]

I think people should be encouraged to semi retire first. Find a part time job you enjoy and ease yourself into it. Don't go from full time to nought work-wise if you can avoid it. It's much gentler and you can work more or less as required if you get a casual job as well. It's a much nicer way than a full stop...

[@jasondoust4935]

I agree, but I would, as I'm working toward that now. My needs are pretty simple (and cheap!)

[@SuperGuyAu]

More and more people are doing this and it seems like the smart approach.

[@paulphotios3920]

Totally depends on your health and financial situation. I am 70 in 3 months and still working full time. Financially we were well off however we acquired 2 grand children last year and i am the only one working and while i can continue to work i will. Maiin problem is things can change at any time especially health of either myself or other family members or in😂 the company i work for.

[@Woodland26]

about to start a TTR and work a few more years at a slower pace before stopping totally. The world is not too stable at the moment better keep the options open.

[@Buffalobob7701]

47 now and i intend on retiring at 60, my father passed away at 60 so i used that as my reason... we own our home outright so can self fund

[@1dancier]

Thought I'd have to retire at 58 after my last layoff and a year long holiday overseas. Found an easy job and still working at 64, but will probably go at the end of the year. It's not a money thing, it's more about routine. I can cycle or walk to and from work. I wouldn't have the same activity level if I was retired. But work stops me from spending three months cycling in Asia each year during the cold Melbourne winter.

[@dmhboag5882]

We retired at 58, great decision!

[@kaypendergast5676]

My decision too. Just one more year...

[@SuperGuyAu]

Congrats!

[@newlife8318]

Couples do very well!

[@xkimopye]

Always planned to semi retire at 42 (I’m 38 now). I want to keep working small hours as I think it’s good to have some structure of working a few hours a week for physical and mental health.

[@newlife8318]

It's the social interaction that's the saving grace

[@newlife8318]

You simply tell you super fund you are not planning to work for more than ten hours a week to withdraw money. They then send you a letter.

[@garrylalor1554]

It better to run out of money than to run out of good health.

[@ReinaDetore]

Finally someone said it

[@Southeastasiantraveler]

very true, but it's preferable to have both in good working order

[@ReinaDetore]

@@Southeastasiantraveler that’s the goal, can we talk off here ?

[@user-gn2ke5gc1m]

Hope to retire before I die

[@maestrovso]

Majority of Americans, that is an unattainable dream.

[@fnqwaz5816]

Have you or can you do a video on living overseas as an expat and receiving the pension..rules/ restrictions etc...cheers

[@SuperGuyAu]

Great idea!

[@Tk-ou9ec]

I’m 52 now and only working 15 hours per week. I would love to retire early also as I’m sick of my job after nearly 10 years there but I’m afraid that I do not have enough in my super in which I can’t touch until I’m 60 anyway! And I’m certainly not wealthy at all so I don’t see me realistically retiring until I’m 60 or after. Work sucks but I need the bucks.

[@SuperGuyAu]

I recommend seeking advice from a Financial Adviser. They should be able to provide you with an indication of when you can potentially retire to meet your desired living expenses throughout retirement.

[@fortniteking8531]

Thanks to all for yor help in answering the question.

[@jamesmatheson5115]

Unless you have the funds, the health and more importantly something worth while doing ( a passion ) then without those 3 things, just stay at work.

[@ReinaDetore]

Health is the key player

[@jamesmatheson5115]

@@ReinaDetore So true.

[@newlife8318]

But your entire life changes when you retire. You might like it!

[@mrdobalina3451]

My wife and I plan to retire early because we have no kids and don’t feel compelled to leave any legacy. Over the past few years our jobs have become much more flexible though which has tempted us to work longer and we’re comfortable with that because we feel we have a good work life balance.

[@arnolddavies6734]

I retired at 66. Would have retired at 58 if I hadn’t just missed out on winning the PB lotto in 2012.

[@ReinaDetore]

Bet you enjoying the retirement

[@SuperGuyAu]

Enjoy retirement!

[@philliproberts7294]

Retire as soon as you can after 60 I know many people that have gotten cancer late 50s early 60s the pension in Australia is a lousy 450 dollars a week not long the pricks will put the pension agreement to 70 why because they don't want you to get the pension for long they actually want us dead once we can get there Free 450 dollars a week Australia is no longer the lucky country look at how many Aussies live in tents and cars while new arrivals live in house's 😮

[@ShaneChiswick]

I think they will eventually not give you a pension if you own a home - they will give you a reverse mortgage job.

[@EnjoyMyVideos]

Agree. I think this is where they are heading to forcing everyone to sell if you want pension.

[@philliproberts7294]

@@ShaneChiswick eventually there will be no pension super only once you realize they do not give a shit about us you see how it really works COVID helped open my eyes the Chinese bio weapon leak over 15 million dead and we aren't allowed to call china out or they will stop trading with you God help us when they invade Taiwan

[@antonygray7092]

@@ShaneChiswick they are trying to cancel inheritances. As we move more and more generations away from the boomers, the newer generations don't need, or want to work as hard because they are collecting large inheritances or family businesses that are already well established. Covid years wiped an estimated 7 trillion dollars from inheritance transfer in the USA alone. The idea of forcing elderly to take reverse mortgages is logical, and in the UK they are talking about multigenerational mortgages, where you, your children, and your grandchildren all spend your working life in debt to the same mortgage. With property going sky high with no stopper, this makes sense too. I've already seen pension age rise from 65 to 67, if they sting me again before I get there, I'll be angry. France rioted recently when government SUGGESTED they raise pension age from 62 to 65. The pension age in France stays at 62.

[@user-fg7jk9cq1b]

Wrong! The aged pension is $558 per week [$1116 per fortnight]

[@downtoearth1950]

Any who work physically should retire at 60

[@halfrousseau69]

I've learned a hell of a lot from your videos Chris - thank you for posting!

[@Hunty49]

I intend to retire at 60 once my super becomes tax free (Transition to Retirement rules).

[@robbieblackburn2880]

Preservation age 60 for most. Income earned from super in accumulation phase taxed at 15%. After 60, move some or all of your super to income/pension account for earnings tax free

[@Hunty49]

@@robbieblackburn2880 I've created a self managed super fund to try and buy property. But property is out of the question right now. Just too expensive.

[@newlife8318]

Or buy an investment property with some of it.

[@PaulAustralianborn]

I retired when I was 62

[@Turgut.1923]

Thanks super guy, another great video

[@SuperGuyAu]

Glad you enjoyed it

[@moozoowizard]

"130,000 people retired in 2022, with an average age of 64.8 years." Abs stats. The average age of people in retirement is lower because in the past people could and did retire at an early age. Also women are having children later in life meaning their male partners are also older. If those ~1/4 divorce having had children. Meaning more men end up having to recover from the financial consequences and support their children into their 50's and 60's. So the ain't retiring young.

[@moozoowizard]

Really we want median ages not averages because some people retire very young and that drags down the number. "Of the 130,000 people who retired in 2022, the average age at retirement was 64.8 years. For men, the average age was 66.9 years and for women the average was 63.2 years. " And stats

[@guskatounas2129]

Retirement is a state of health only.😊

[@pattykake7195]

It’ll be 90 if the government have their way…⚰

[@stevenhamilton9790]

When you’re employer’s slap a mandated experimental medical procedure on you

[@gerrym75]

Oh no, not the jab? Ohh, scary. I better quit my job

[@scarseven7855]

@@gerrym75 you keep on sheepin on

[@stevenhamilton9790]

@@gerrym75 quite na I’d say your lucky 🍀

[@MrSouthernlord]

Cooker!

[@scarseven7855]

@@MrSouthernlord sheep

[@TheLlywelyn]

A question I'd like answered: how do I get paid financial advice about super and retirement that is in my interest, not pushed towards the agenda of the financial counsellor?

[@madaz13bbp]

Good question. Especially since they are so focused on kick backs and not what's best for the client.

[@Southeastasiantraveler]

you make sure you get a 'fee for service' advisor. In other words, you get a quote upfront for the advice, which should be based on an estimate of the amount of hours they will spend working with you. What you don't want is someone who takes a percentage of your total assets each year as a fee. It will take some shopping around to find one.

[@newlife8318]

Visit lots for 1 hour each...most of them are so attuned to talking aboit it you'll get te key points in an hour. Very helpful. If you hadn't got enough money they're not interested in you, anyway.

[@SuperGuyAu]

I would seek out a financial adviser that offers a fee for service arrangement with no affiliation to a specific product. That way you can essentially just pay a one-off fee for a Statement of Advice without any bias. You could also simply request no product advice (strategy advice only) and no ongoing service arrangement.

[@TheLlywelyn]

@@SuperGuyAu Thank you. Very helpful.

[@KempoWarrior1954]

I’m retiring next year at age 71. Despite working since age 15 and paying God knows how much tax I’m not eligible for the pension. Reason being I own another property which is used privately, not rented out. Double the bills 😢 No mortgage on family home or second property and will go out with over $1,000,000,000 in Super. Hopefully that’ll keep my head above water. Enjoy listening to your advice 👍🍷

[@caromarco6315]

Love your videos - always lots to think about after watching!

[@CathrynWhitelaw]

Oh would be wonderful to retire now (60), but as we have not been able to put much away in super most of the funds have been eaten away by fees. If the Government are pushing for us to save in to super, then surely they should give ome incentive to put money aside and not have your well earned funds eaten away with fees, (especially people on low incomes who cannot afford to put much away)!! We have lost so much by doing "the right thing"

[@richardguthrie3422]

There are lots of incentives to invest in Super.

[@francesmcfaul995]

You can retire at any age. Just depends on your finances

[@SuperGuyAu]

Very true

[@newlife8318]

I was going to say that!!!

[@becs1354]

Hi Chris, how do l make an appointment to see you? Im located near Melbourne.

[@SuperGuyAu]

You can learn about our services and fees here superguy.com.au/advice-process

[@tessajones9393]

Thanks for this 😎

[@SuperGuyAu]

No probs!

[@davidstern5834]

57 is the average age that people who are now retired retired at. It is biased downwards, because if you retired at 70 say, your chance of still being alive today is lower than if you retired at 50. ABS says that the average age people are now retiring at is 65.

[@newlife8318]

What kills off the late retirees?

[@davidstern5834]

@@newlife8318 Old age! They are the oldest people retiring in any given year and so less likely to still be alive today.

[@simoneryan4487]

54 trying to go back to work after 11 years as a full time carer. Divorced single mum. Still got school aged kiddo. Good super balance from previous professional career though. What’s all this early retirement bizzo lol. I still need to buy a house as I’m starting again and during interest rate hikes just wasn’t the right time.

[@newlife8318]

I called super fund, said I was working less than ten hours a week at the age of 60. They agreed I could draw out all of my super or as much as needed. I bought a little place in the country with it. I was self employed so could do this. And you can of course increase your work hours down the track. Before that I started putting extra into super. Maybe you might find knowing that is useful!

[@anitacohen8753]

At 60 but in special circumstances it should be extended to 65!

[@JenE3377]

It's not all about money and self indulgence.

[@halitosis75]

Totally agree. I retired at 56 I'm single and don't enjoy this time I have. So I'm going back to work hopefully 3 days per fortnight and use that money to fund more travel ❤❤❤❤

[@djdownie3]

? ok. pension welfare instead of planning then.

[@jeremyschipp]

​@djdownie3 better to plan than be under the governments thumb.

[@djdownie3]

@@jeremyschipp yep was being sarcastic.

[@bonobonorman9658]

The retirement age should be self-elected and if you retire late (above 70 say…) you should get more in monthly pension benefit.

[@MrSouthernlord]

No

[@Southeastasiantraveler]

in Australia (this video is for Australian investors/potential retirees), the age pension benefit received does not increase with age.

[@CarlaVegasLovingAussie]

Nice Bonuses Blain well done, have a Beautiful winning week my friend🍹😸🍹 Like 48, Good Luck, Stay Safe & keep on having fun my friend🍀💖🍀

[@dalechenoweth915]

Yesterday

[@SuperGuyAu]

I like that!

[@ThePred2009]

There's no such thing as retirement anymore

[@michaelramage73]

The median age might be more useful.

[@fortniteking8531]

My wife and I will retire and move to Thailand in the future and initially fund ourslves from my super. I expect that after about 10 years i'll be able to claim a partpension. After previously living in Australia for 50 years, will I be eligible for the pension if i'm residing in Thailand ?

[@sharonozvenom]

Pretty sure you have to be living in Australia at the time you apply for an age pension . Of course you can then go overseas again after you are on the pension .

[@normm]

@@sharonozvenom The way I understand it, you need to be living in Australia for 2 years before you can apply for the pension. I want to retire to the Philippines when I turn 60 but will need to return to Australia when I'm 65 and live here for 2 years before getting the pension and going back to the Philippines. It makes it hard but it is what it is (and I could be wrong).

[@sharonozvenom]

@@normm I had a look at the Services Australia website . One needs to be living in Australia and physically in Australia on day of claiming . Evidence of “living in Australia” would look at where your assets are , home ownership or long term rental and ties to Australia ( so one can’t come back to Australia for a month holiday for the purposes of claiming ) . Regarding residence , a claimant must have lived in Australia for at least 10 years total in their lifetime , 5 of which must have had no break in residence. Always best to contact Services Australia to know the detailed rules pertaining to your circumstances coz the govt loves changing them !!

[@ykook7000]

Good luck in a 3rd world country they all leave then go crawling back when bad health hits and they want Australian healthcare

[@pauls8456]

@@normmhave a look at the rules, I don’t think you will be able to live full time in the Phillipines on the pension

[@Bohemiahotrodandcustom]

I'm 53, I want to move overseas and want to take my super with me, how do I do that?

[@ReinaDetore]

You can start by applying for a visa if you have the international passport

[@SuperGuyAu]

That will depend on the country and their specific legislation/rules around this. I recommend speaking to a specialist in relation to this.

[@magichead79]

18

[@mrporsche4236]

In australia if you plan on getting the pension it will not be enough money to live even if you own your own home and have no mortgage.

[@ReinaDetore]

Seems we living good here ❤

[@MrSouthernlord]

Oh yes. It is terrible here. I would rather be living in an African country when I retire. You sook.

[@ReinaDetore]

@@MrSouthernlord lol it’s better here regardless

[@thelonewolf666]

when you can afford it--- so most will work till they are 97 as many many people dont have super

[@nathansmith5726]

Should retire at 50/55 anything over than that and it's not even worth it because of ur body and health

[@ReinaDetore]

Body and health is the key player here but. We not ready for the conversation

[@djdownie3]

WHen you say extra contributions wonj't be accessable once you go into pension mode then could you explain what happens to them?

[@Southeastasiantraveler]

was wondering that as well

[@chrisnewman7281]

for the younger generation, the retirement age is a bit fraught given that most of them will not have ever had the opportunity to buy their own house so they’re gonna have to factor in the cost of renting which would otherwise be dead money for the rest of their lives

[@halitosis75]

56 4 me but I'm bored so I'm returning 3 days a fortnight casually.

[@TherealQ2]

Was planning to fully retire at 60 when I can get my Superannuation. (3 years from now) Now thinking, will likely work 2 or 3 days a week. While it will stretch my money further buy still having a bit of income as well as Superannuation, it's more for the "still having something to do" Also a transition from full time to part time to then stopping completely 2 or 3 years later.

[@dongorrie1828]

bored

[@halitosis75]

@dongorrie1828 why you bored? Sorry if my comment boares you

[@Ride_on54]

How on earth are you supposed to calculate your retirement expenses in the future when the way inflation and the stupid government are going your never going to know because everything is going to be so much more expensive it’s becoming ridiculous everyone is going to run out of money

[@julierussell5773]

All the calculators factor in inflation. It has always been a part of life

[@Ride_on54]

This time it’s different it’s like a runaway train how could you have estimated that?

[@ykook7000]

​@@Ride_on54don't worry about it dude most will die even before retirement or age pension

[@Ride_on54]

@@ykook7000 yeah I know that’s what the government hope for

[@c.s2001]

Retired then went back to casual security work about 1 or 2 shifts a week. Cost of living is a killer. Goodluck everyone.

[@noelkelly4354]

First thing a progressive govt should do is raise JobSeeker/Youth Allowance and the Aged pension etc to above the poverty line. Having these above the poverty line gives people more options to refuse shitty/low paid jobs. More options is more power, and that means higher wages and more money into super.

[@robbieblackburn2880]

@@noelkelly4354 what the government gives, it must first take away. middle class getting crushed

[@noelkelly4354]

Economics isn't a zero sum game. If done with improved health and especially education (the enablers of social mobility), well planned infrastructure, R&D etc, it can improve things over all. These were the drivers of the post WWII boom. And no, the government can create demand and thus production by printing money by giving it to people and projects who will spend/build, rather than save it.

[@dingodog5677]

Pay the house off and retire. Two years. I’ll still work but not bust my gut.

[@SuperGuyAu]

Sounds like a plan!

[@smcyfs9477]

Let's look at Person A and Person B. Person A...starts working straight out of highschool all the way to 67. Never on the dole. Own home, paid off, and lives off superannuation and savings, NO PENSION! Gets on in years and needs to go into a care home. Sorry sir, but you worked hard all your life so you need to pay for your own aged care home. Person B...never worked a day of their adult life. Dole for life, in and out of jail , hits 67 FULL PENSION. Free dental, commission house and when age catchs up, FREE CARE HOME..😂😂😂😂.Yes Australia the lucky country 😂😂😂😂

[@daisylawrence6724]

😢

[@newlife8318]

Funnily enough I tend to agree. And transition to aged pension on DSP.

[@smcyfs9477]

@newlife8318 You get neither when you hit 67, especially the DSP at any age if you've worked hard and saved all your life, but the lifetime junkie never worked a day, gets everything FREE!

[@newlife8318]

It's quite stupefying, isn't it? And they never worried about it at all. Massive entitlement 🫧 bubble....

[@jessekoch3480]

54

[@billburr5881]

No demands for equality from women in this regard! I wonder why not?

[@lyng340]

With what !!! Women’s retirement age for pension and super is the same as men’s yet women’s super is far less because of wage inequality ! Ignorant much ??

[@dimmityjones4463]

How so? Retirement age and the age you can access your super are the same for both men and women

[@billburr5881]

@@dimmityjones4463 Watch the video - women retire 5 years earlier - does that sound equal? Women also live 7 years longer! Does that sound equal? Men pay 70% of income taxes to pay for women's pensions - does that sound equal?

[@Michelle_Emm]

@billburr5881 maybe men pay more tax because they get paid more than women. 🤦‍♀️ Women over 55 have the fastest growing demographic of homelessness. Women carry the greatest burden of childcare. Women have 25% less in super than men.

[@dimmityjones4463]

@@billburr5881 The legal retirement age is 67 for both men and women. The legal age that women can access their super is 60, the same for both sexes. It is irrelevant if they chose to retire early or if they live longer than men. I know a fair few women who are still working well past retirement age.

[@VinceTomJones]

The title is good.. but then when I started watching the video I realized it was JUST another one of these marketing SCAMS...

[@galactica1980]

Retire when you can afford it. At this rate i will retire at 94.

[@russellh24680]

❤😊

[@SuperGuyAu]

Thanks for watching!

[@joshjoshspangler]

I owe 50k on a 750k property. I have 220k in super. I'm 56. There is not a hope in hell I will be able to afford to retire. The gov's definition of living comfortably is not mine. One overseas trip every 5 years!? I earn $102K/year have no dependants and to live my sort of "comfortably", one trip to Bali each year, eat out once a month, and not live like a pauper, I'll have to work til I'm in my early 70's! Screw that! Only the baby boomers could afford to retire, every generation after that is going to struggle. Yes, there will be some who can afford to retire, but most will be working into their 70's. As for the politicians who caused all this, they get amazing pensions that come out of my pay packet. Their care factor is next to zero, along with their understanding of how much is really needed to retire comfortably.

[@bandicoot678]

super, super, super...blah, blah, yawn, yawn. There's other ways that never get covered.

[@newlife8318]

It doesn't get taxed like income streams

[@herbertvonsauerkrautunterh2513]

I'm 48 and have been semi retired since 2020. I intend to seriously retire in 5 to 7 years and not here. Australia is already down the toilet. So I'll go where i will be treated better. Retirement expenses will be lower in my wife's home country. A lot lower and investment passive income will increase year on year. Bloody hell, i could sell up everything now and retire on the spot. Thanks housing crisis. I love it

[@djdownie3]

thanks for sharing

[@sirdino6967]

Where is your Wifes home country ? im thinking of doing 6 months in Philippines and 6 months in Melbourne my home ....

[@ykook7000]

Bye then off you go

[@sirdino6967]

@@ykook7000 where you live ?

[@iansmith9147]

my parents stole my money - therefore, retirement will not be until 70. Anyone lucky enough to not have their money stolen from them should count their lucky stars.

[@SuperGuyAu]

Sorry to hear

[@kevinwelsh7490]

of course one can always eat dog food