wooduk - I think you and many more of us were SOLD the idea of home ownership, saving for retirement, super deposits, independence etc. by a very smooth and slick propaganda campaign dating back to the 50's-60's, it generated demand and economic growth. Times have changed and there's even talk of your house becoming an assessable asset, at which point most of us who have moderate super accounts, assets or savings will never see a pension. I know we have sacrificed a lot of holidays and other items over the years to get into a reasonably financially secure position, but at some point in the future we would still, have to rely on even part pension. But as time goes on I see the holidays I had planned in retirement would serve me better by saving that money for the future. Should I have taken the holidays earlier? I remember when I was in my 20's and things seemed quite secure as far the future was concerned, today I'm lucky to see past next week as far as my investment security goes. I don't think there is one simple answer and all the financial planners and advisers won't have one simple solution either that would diminish the level of risk if something changes. I have half my assets in super and half out of super, I'm hedging my bets, it's working up to now.
