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Good opportunity to withdraw cash from super, page-17

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BlackStone

2,983 Posts.

21/04/20

10:57

Post #: 44161105
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Originally posted by lu888: ↑

Forget about SMSF waste of time in recession coming , enjoy your time, blow your money and you will be look after.
Current single pension single,
over $ 22, 000 indexed every year, it is the same as if you have over $1,1million in bank on current term deposit 2%
you don't have to worry if you blue chip shares turn in recession into junk shares, no account worries, no lodgment, no audits.
You don't need to worry about private insurance, about retirment willage, medication cost is $ 6. 60. ( one of my medications went in 3 years from $ 26 dollars to $ 40), your only worry is where is good fishing spot.
PS:
And if you are self funded even you are quite often worse off than pensioner, still every one look after you as
an privileged rich bastard.

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Anyone else withdrawing $10k out of their super during this time? I have already applied through the ATO for the maximum amount.

The way I see it, I would rather dip into my super than foreclose on my mortgage.
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