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superannuation??? or what to do with it!!, page-4

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gmt

8,246 Posts.

156

20/11/19

09:06

Post #: 41522185
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Originally posted by watso ↑

guess this is a lifestyle thingy..

watso has no real idea about superannuation - just that he had money in super.. but today watso got a cheque from the ATO for a few hundred thousand - which was the super.

watso has heard of roll overs, annuities - but vaguely thought he might just leave things as they were - ie leave the money in the account as the returns seemed to be pretty good.

watso vaguely thought that he had to do something with his super - but got a cheque instead... ok watso has heard of double dipping - ie spend the super, but watso is too frugal just to spend money for the heck of it - anyway watso is not interested in the pension.

maybe watso will have to find some stocks to invest in - as the bank deposit rates are pretty low - and with possible bail ins and negative interest rates on the horizon, then money in the bank is not really an option - and with the proposed cash ban thingy - then stacks of cash to feed the silverfish and moths is also not an option

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Should consider converting part to a account based pension and the rest in accumulation within super, shares etc outside super need to be managed, go and do some travel and let super company look after it.

Most super funds have financial advisors to help members.

This is not advice.
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