eng- you are so correct, and that is why the ability to model how future growth rates impact the situation is so important.
I would suggest anyone thinking they can turn 200K into 400k would just as likely turn it to zero :-)
One assumes that if they were that good at picking the winners then they may have a lot more than $200k to start with?
I predicated (in my mind) my example based on a low wage earner who is possibly not that interested in stock markets, and probably in a managed fund, or in cash. I believe there are lots of those folks out there, albeit I accept that most on HC would consider themselves expect stock pickers - LOL.
In any event, the purpose of my ramblings is to open up ideas, get the grey matter flowing, and just maybe to garner some interest, so people do take a more active interest in their Super.
In my model I'd consider any amount that produces an income of less than the Income Test threshold (currently about $7k for a couple)to be viable as a close out of super and into cash. That's not to say I would do this, but it would be a consideration. One would also save the annual fees, and the hassle of the paperwork - to some folks a huge benefit.
And IMO someone with say $80 -$100k in super it would be a no brainier. There would be a lot of women who have gone back into the workforce late in life or maybe in part time jobs that would have these sorts of amounts in Super.
- Forums
- General
- cash out super at 66 for max age pension?
eng- you are so correct, and that is why the ability to model...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online