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superannuation??? or what to do with it!!, page-5

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golden6

12,070 Posts.

698

24/11/19

15:18

Post #: 41600818
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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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Are you saying that they closed your super account - why ???
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