acer...
If he is 50 and has $250 in super, the wife even less, they will never reach the $1.6M caps. So the best advice is
pay the properties off, sell them and get as much as possible into super. Invest in a broad blue chip share portfolio.
This will provide the highest income for an attempt of retirement at 55, wherever your properties are will never
match the income generated by shares, usually less than half what shares generate. Get what you can into super!
This will reduce tax long term, property is not a great income producer, lousy return with long term capital gain
which you can't live on anyway, and only if your in the best areas. Rough figures-- property doubles every 10 years.
That's just the number of dollars, not the buying power and minus capital gain taxes. Its a mugs game.
I run a 24 share portfolio, approx. covering the ASX 20 index that the ETF run by Blackrock called ILC holds.
I am heavy toward Banks, Miners and made 13.75% over the past financial year, the very best super fund
in Aust. returned around 13.25 percent before fees for the last year. For a novice investor this is an easy entry into
shares, just invest in ILC, a bit light on overseas exposure but reasonably diverse and easy to follow. good luck.
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acer... If he is 50 and has $250 in super, the wife even less,...
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