“It’s a disgrace”: Are your life savings ever really safe? | 60 Minutes Australia
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“It’s a disgrace”: Are your life savings ever really safe? | 60 Minutes Australia
The superannuation industry in Australia is mostly a fabulous triumph. At last count the super savings pot was overflowing with more than four trillion dollars. That’s a lot of zeroes and guarantees prosperous retirements for millions of hard-working people. But superannuation here has also become a victim of its success. It’s now so ...
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Met a bloke today He’s been in Australia 15 years, only has superannuation, no property, and zero intention of buying a home. And hey… everyone’s got their own strategy. But here’s the truth that keeps me up at night: 👉 Relying purely on super to retire is usually not enough. 👉 Especially if you don’t own a home outright. 👉 And if you can’t sell, downsize, or top up your super later, retirement becomes very tight. I’m passionate about this because I’ve lived it myself I personally lost $30,00
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Met a bloke today He’s been in Australia 15 years, only has superannuation, no property, and zero intention of buying a home. And hey… everyone’s got their own strategy. But here’s the truth that keeps me up at night: 👉 Relying purely on super to retire is usually not enough. 👉 Especially if you don’t own a home outright. 👉 And if you can’t sell, downsize, or top up your super later, retirement becomes very tight. I’m passionate about this because I’ve lived it myself I personally lost $30,00
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