Yeah Nos I know the theory problem is for most I don't think it will end up that good over the long run. Not to mention by the time you retire in say 45 years due to inflation that $2.1m earning from that won't go nearly as far as you would like it to. No way do I think I will have that amount of money in super based on where my super account currently is after nearly 20 years of work - that said because I don't trust super I only put in the bare minimums and have my life insurance taken out of it. Even if it is genuinely successful I don't trust that the gov't won't change the rules on me and effectively confiscate peoples super and dole out a pension anyway.
For me the focus is building up investments outside of super i.e. rentals and some other investments so that I can choose to retire when I want on my own terms.
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Yeah Nos I know the theory problem is for most I don't think it...
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Dusko Ljubojevic, MD
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