After investing from my salary of 350k for 4 years, I've only made about 8% total, or 2% per year, which my friends say is very low. My employer 401k of $220K returns about 4%. What would you advice to do with my portfolio for improved returns?

@GeorgeNN

3 күн бұрын

investors like you should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.

@wineski

3 күн бұрын

The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 330% since covid-outbreak to date, summing up nearly $1m.

@greeyyggg

3 күн бұрын

i've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

@wineski

3 күн бұрын

I've stuck with the popularly ‘’Melissa Elise Robinson” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up

@laportafrank

3 күн бұрын

Thank you for the recommendation. I'll send her an email and I hope I'm able to connect with her.

Planning for retirement can be so confusing, especially with all the new numbers for 2024. How much is really enough to retire comfortably without constantly worrying about outliving your savings?

@Erinmills98

6 күн бұрын

Totally agree. It feels like the goalposts keep moving. I'm trying to figure out the right balance between saving and investing to ensure I can maintain my lifestyle.

@user-sb6po3yj7d

6 күн бұрын

It's a tough question. The cost of living keeps rising, and it's hard to predict future expenses. I’ve been considering various retirement calculators, but they all seem to give different answers.

@simonbad

6 күн бұрын

I'm curious if anyone has had success working with a financial advisor to plan their retirement. It seems like having expert guidance could be crucial in getting a realistic target number.

@LivaHolst

6 күн бұрын

That's a smart move. With so many variables, a good advisor could help make sense of it all. The investment adviser I use is "Kristin Amy Rose" you could just research the full names

@simonbad

6 күн бұрын

Thanks for the recommendation - I looked up Kristin Amy Rose and she seems like the perfect person

Love what you do Chris. Thanks for the videos

I’m home owner & my superfund is about $500,000. I retired at 69 (12 years ago). I owned my home & have no debts. My pension is $42,000 a year. I live comfortably on this amount of pension. Most important when retired is to employ a good financial advisor, who invests your superfund & provide the pension. At all times be cautious that the balance in your superfund is intact or is growing slightly. Preserving the balance in your superfund balance is most important as you are not working & have no income to top up your superfund.

@johnoneill1011

9 күн бұрын

Check your eligibility for a part aged pension and all the concessions that go with that.

Thank you, Chris. A simple way of looking at retirement, and well presented to cover the important aspects.

Thank you for the information. It’s made my goal clearer.

Excellent video Chris. Thank you 😊

I love watching your videos! Always food for thought!

Thank you, Chris, for the information

Helpful advice, thank you.

Thanks Chris - very informative! Do you have planning spreadsheet that would allow me to adjust the variables in your video (eg. amount in super; annual living cost, etc)

Thank you Chris!

1:33 I've downloaded the ASFA doc and once I pulled out all the bloody crap -- restaurant meals x times / week -- international trips yearly, domestic biannually --- gym membership blah blah. We will retire quite comfortably, at a much lower figure because comfortable for us isn't posh!

I felt it was a great attempt to explain in very basic language what to expect financially in retirement. I retired 4 yrs ago after 40 yrs in finance industry and always found it sad and frustrating at the same time how little people invest their time in understanding the dynamics of finance. True financial planning is not about seeing a financial planner to map out your life journey ahead but instead, for one to start understanding their own historical earning & spending behaviour and also being realistic with one self about what they willing to tweak up or down to create their own realistic future plan. And then look at this plan often to see how you tracking & make changes if need be. Talk to other people and ask what they doing to achieve their goals and read stuff available online from all over the world. Good luck,,,

I really like how you said ‘I assume you want to cover retirement expenses to age 90’… …

This was most interesting to me because I am thinking of TTR next year at age 63 and right now just over 1mill in super. We have no debit at all except normal bills.

You mention putting more into super. Later in life closer to retirement is very risky. If markets go belly up after 60 its nearly non recoverable and burnt cash. Banks are less risky on investment. I know you may pay tax on interest returns but its safe accessible cash. You need super and banks to give you security on a balanced level.

3:56 … “but if you think you will live until age 100”… How do you work that out…? 😂

So, earning a return on 1 million AND owning a house or unit. The property should also increase in value over 25 years. Why be concerned about what the kids get? If the property is valued at anywhere from 1 million to 5 million (for example) they aren't left with "nothing".

Just grab that one million, off to somewhere like Spain or Portugal and goodbye Australia!

@VH-gw3qi

12 күн бұрын

I dream about that often

@doodlegassum6959

12 күн бұрын

Inflation will follow you

@johngwheeler

12 күн бұрын

I spend part of the year in Spain and have found that the cost of living is pretty similar to Australia, so there isn’t much in it. We spend at least $2000 per month excluding rent but including some bills ( we have a family house there) without a much of travel and entertainment - eating out once a week or so. Food and drink is at least $1200 a month. If we have family or guests staying, we spend double that - at least $4000 a month during the holidays.

@johngwheeler

12 күн бұрын

To add some additional data for those interested: alcohol (especially bought in supermarkets) is quite a lot cheaper than Australia - a 330-400ml can of beer costing $1.00-1.50 depending on brand, and a bottle of brand name vodka, gin or whiskey for $20-$30. You can get OK table wine for about $5-6 and very good wine from about $12 and up. Fresh vegetables bought at markets are a lot cheaper and often much better quality than Australian supermarket veges. Real-estate *is* a lot cheaper than Australia in many places, unless you want a water-front villa in a touristy area with a load of ex-pat neighbours. Median house price is about $265000, and in coastal cities the average is about $3200 per square meter, but bear in mind most people live in units so there are strata costs as well.

@tbone5654

11 күн бұрын

@@doodlegassum6959 Equities provide dividend income and protect you from inflation. Notice how the asx is sitting around an all time high ?

in a month's time I am reaching 60 and will start accessing my super by TTR arrangement as I have not fully retired yet. It will enable me to double my take home pay for the next 5 years, or if I fully retired from work playing by the rules. Hoping the TBC limit would be higher by the time I start my pension stream.

@vmac11k99

13 күн бұрын

Did you factor in the inflation? $50k in 10 years will be worth 70% less

@Woodland26

13 күн бұрын

@@vmac11k99 those calculators claimed it is adjusted for inflation

@johnoneill1011

12 күн бұрын

Consider taking up a gig/casual job for the next month, then once 60 quit that job while continuing to work your main job. That way, you satisfy the requirement to start a full tax free pension with all your super (up to $1.9m), because you "ceased AN employment relationship". Not hard and perfectly legal, if perhaps not the intent of the legislation.

@Woodland26

12 күн бұрын

@@johnoneill1011 aware of that, I see what my accountant says (in SMSF arrangement) but she is ultra careful in suggesting me to do so. It is OK either way for me.

@greatnorthern3481

9 күн бұрын

⁠@@johnoneill1011 that looks very interesting can you tell me a little more about this please does the job have ave to be a full time job you quit .can it be casual or part time job on your days off and is this when you reach 60

I’m assuming that calculation is based on the super capital decreasing to zero by the time you hit 90

I hope so as I'm already retired with less and didn't get the memo.

Great video SuperGuy. Would one consider me pretty crazy if I chose a post-retirement super investment strategy of balanced or growth instead of a highly defensive strategy? Let's say I targetted 7-8% growth on average instead of 6% which appears to be the default assumption post retirement. I mean look at the last several years, COVID, inflation & cost of living crisis, multiple wars around the globe - and markets have a) held up well all things considered and/or b) recovered very quickly. So the risk of loss of super value if I were to choose a growth strategy I think can be managed given most years are growth years and loss years markets hold up reasonably, add to that one could reduce super withdrawal during loss years to minimize loss and 'tighten you're belt' or use other non-super funds for a short time.

@sweetsweet3753

13 күн бұрын

heres a simple strategy... look up etfs A200 and VLC. they track the Aus stock market index. dividends average around 5% and growth around 2%. very low expense fees and you dont need an advisor etc to buy them.. fully liquid and long term have certainly outperformed fixed deposits/bonds etc and provide passive income if needed. then if you want to go for a better return then look at some of the S&P500 (US) etfs... SPLG / SCHD / SCHG / XLK . a mix of these (30%/30%20%/20%) based on your risk historically exceeds 10% / annum. again low fees and you can buy direct. if you dont want to risk holding these in USD then you can buy BGBL and VDQ they are close equvalents but are bought in AUD equivalent... i moved out of property rentals into these cause as i have got older i dont like stuffing around with agents / insurance/ maintenance etc and are very liquid.. and i hold them long term and have no need to sell them -(i top them up especially when a down market) probably still be holding them when i die but gives me the breathing space/growth/security that works for me. cheers

@Woodland26

12 күн бұрын

I would keep 1-2 years expense in cash then the rest in growth/high growth. It means the difference between running out at 85 or lasting >100 with balance higher than starting point.

@ianwarren3588

9 күн бұрын

Depending your age shall denote super/ market recovery. If you are in 60s retirement will be hit and you won't recover if and when you retire in a couple of years. How old are you if you don't mind me asking?

My wife and I have around a million or so in our super and my financial adviser has mapped out how we can have $95k a year indexed linked until the day we die. So yes a million is enough - I am retired at 58 and my wife retired a couple of years ago. you also need to balance the money in super with your health - if you work 5 years longer you won't need as much money as you will be retired for at least 5 years less.

Hi Chris, could you clarify (unless I missed it!) what age pension you can expect at 67 with and without a home? ie I believe your own home isn't included in the benefit calc, but how much other assets have been assumed in the calculation of age pension qualification? thanks :)

@warrenraynor2801

13 күн бұрын

This is clearly available on the govt super website

The income assumes that you eventually reduce your super balance to be eligible for a part pension. This wasn't explained. I suspect some watching would like to know the likely income from one million dollars without reducing the starting balance and preferably with that balance and the income keeping up with inflation.

6.5 pct is not realistic given close to retirement . What risky assets after fees and tax are you introducing to the calculus sir?

Living off grid would also help

You dont want to purely retire. Working provides a growth mindset and lets you reward yourself with things. Just work less or work more on things you really enjoy regardless if they pay. Having a good amount of super and owning your own home helps take the stress out of working.

Great discussion! The idea of retiring with $1 million in Australia is intriguing. It's crucial to consider factors like lifestyle expectations and inflation. How did you calculate the adequacy of this amount for retirement in different scenarios?"

My mother saved $60000 on the age pension. If you own your own home, you can do it.

Since we are getting extra take home money from this month, is it better to put that extra into super or pay extra payments towards mortgage?

@ZENbulldozer

13 күн бұрын

He did a video on super vs mortgage

@lauralhardy5450

13 күн бұрын

Super has never paid more than the interest you will pay on mortgage before the rates went to its low point and after the rates began rising again. You can hedge your bets but always paying off a loan quicker is the best strategy. You can't predict the future but forward thinking is better. Who could have predicted the Wuhan virus ?

@dadoftwinsau

12 күн бұрын

Debt first! Always!

@johngwheeler

12 күн бұрын

@@dadoftwinsau unless the debt costs less than the return on the investments you can make with the money! I did some calculations a few years ago and found that that extending my mortgage when rates were low, gave me funds to invest in ETFs and super funds that paid a lot more. When the situation changed with increased mortgage interest rates, I paid off the mortgage with the money I had made. You have to calculate cost/benefit *all* the time of course, so it does require a bit of work :-)

I would love to see you make a video for those of us in our 40's about how much we need to retire. $2m?

Not a mention of sequence of returns risk?

$1m is sadly no longer enough in retirement - it will pay for a very basic life if living off the interest - if you don’t own your home outright & are paying rent to live somewhere - you’re screwed.

@Woodland26

12 күн бұрын

the 1m balance is supposed to drawn out over time, not to preserved untouched. So it may be more than you think.

@arnobertogna4718

12 күн бұрын

@@Woodland26 that makes it even worse as your balance declines once the principle is spent as your interest income will continue to diminish therefore leading to a poverty retirement once you’ve spent the principle ($1m) - & for a decent retirement, it won’t take too long to see $1m disappear quickly - particularly if you don’t own your home.

@Woodland26

12 күн бұрын

@@arnobertogna4718 that is true, so I over provision on both fronts, just in case. Plus still do some work after 60, so not immediately draining the balance.

@Ghekko-kw3zz

12 күн бұрын

Bah I live on a yacht I own, pay $70 a month jetty rent, half the pension is survival, the other half is adventures on the yacht & annual month overseas.

@amraceway

11 күн бұрын

@@arnobertogna4718 You obviously live a very lavish lifestyle.

I'd use that 1 mil and invest in high risk 200k @ 7% monthly (80%pa.) 1. 800k in fixed deposit @3%pa. = 24k pa. 2a. Straight-line 7% p.month or 84% pa. = 168k pa. 2b. Compounded 12 months @7% p.mth or 125% pa. = 250,438 pa. Roughly you should be making 190k - 290k pa. Fly business class and stay in 5⭐️ hotels. Nothings worse that 60 year olds in sandwich class!! Enjoy your Rich Life!

Mum just moved to a nursing home and I would say $500k for the NH room RAD , then have the $1M to draw down for the annual expenses is just right. $60k just for NH care fees, extra for meds, doctors, treats etc.

@shuyingli8318

7 күн бұрын

There's a lifte time cap on carer fee. Just under $80k

@bundyboy961

Күн бұрын

It big business, $500 K for a shoes box is pretty steep. They have us with taxes, they have us with interest repayments, they have us with retirement homes, they have us all the way to the grave.

My wife is 53 and I'm 48. We have about $180k in super. But, we also have about $4mill in property here in Australia and three properties overseas where we will retire to result when I'm 55-57 of not earlier. Plus the super, shares, precious metals and cash savings. I'm wondering how to minimise tax.

@oggyoggy1299

13 күн бұрын

See a tax agent

@jaswatkins3109

13 күн бұрын

Tax is not your problem

@mjmf1430

13 күн бұрын

Be a citizen of countries like Singapore which have zero tax on dividends, no capital gains tax and no inheritance tax. Rental properties income are taxed but only if these properties are in Singapore. However the bar is very high for foreigners who want to be citizens unless you have like S$50 to S$100 million (AUD$55 to AUD$110 million) net worth, not kidding, which judging from your summary you may not qualify to apply.

@sallyjohnson5985

13 күн бұрын

Make concessional and non- concessional contributions to super.

@johngwheeler

12 күн бұрын

@@herbertvonsauerkrautunterh2513 We were in a similar situation - a bit more in super, but less in property value - and made the decision to downsize the house and use the downsizer allowance ($300,000 each) plus the advanced payment of up to 3 years’ non-concessional contributions (currently up to $360,000 per person this year I think). So as a couple you could add $1,320,000 to your super fund if you sold the $4m property and bought something for about $2.5m. Your wife can start an income stream tax free from the super in 7 years time, and you could probably do a transition to retirement pension or just stop work early. Your super pot could be around the $2 million mark by that time.

Many Australians die richer than the day they retire due to reluctance to spend their super....So dont worry 😅

@Fanta....

13 күн бұрын

Im doing the opposite. Working out how much i can spend, and pissing every cent of my allowance up the wall each year. rinse and repeat. Its going to be a fun time and Im going to help a lot of random people.

@VH-gw3qi

12 күн бұрын

@@Fanta....that’s the way 👍

@johnoneill1011

12 күн бұрын

@@Fanta.... As a mate's motto says: Advencha before Demensha.

@tbone5654

11 күн бұрын

@@Fanta.... What happens if the global debt bomb, de globalisation and the world wide demographic winter depresses asset prices and dividends for decades? You planned for a 20 year bear market that do come along every century? The excessive leverage in the system does look similar to 1929.

Is 1 Million Dollars Enough for Retirement in Australia? It's a question many ponder, and the answer depends on various factors. As a retirement planning expert, I've analyzed how this figure can provide a solid foundation, but optimal planning and lifestyle choices are key to ensuring a comfortable retirement. This video sheds light on crucial insights for anyone preparing for their future!

Do your figures calculate in inflation (in order to assure your buying power in the years of retirement doesn’t become lower with every passing year - effectively living poorer and poorer with every passing year)? If not… well, then the figures are not very valuable…

@user-rd8gp2vn8n

9 күн бұрын

Watch it again ... the assumptions assume rates of growth above CPI, so yes they are catering for inflation but all the figures are in todays dollars. There are other online calculators which give similar results and rationale. Remeber though, nopt every year will grow positively, history shows that.

For a single person a million might be fine but 700,000-800,000 is pointless.You might as well have $300,000 and then access the [nearly full] aged pension.Better to spend the $400,000 on your house which is not asset tested.

If you use 40kWh of electricity per day and it costs 35c/kWh AND if electricity inflation reduces to 10% per year your cumulative electricity bill for 25 years will be more than $500000.

@Fanta....

13 күн бұрын

And if my grandmother had wheels, she would be a bicycle. whats your point.

@dadoftwinsau

12 күн бұрын

We’re a family of 4 with a fully electric house and use only 8Kw / day….. Turn off the lights and get solar.

@Woodland26

12 күн бұрын

@@dadoftwinsau I have solar and battery, haven't paid any electricity bill for 6 months.

@mbseeking6570

12 күн бұрын

@@dadoftwinsau i live inland, on the other side of the mountains. Much of our energy is nighttime winter heating : so we don’t freeze to death. Coastal Communists who have sabotaged energy policy no nothing of these things. Where do you live?

I can get the same numbers with 750000 and last til 91

$1 million invested correctly would produce some nice dividends. Would never even have to touch the $1 million.

So what happens at age 90 ???

Depends if you took the shots or not i suppose.

@Itsme-fb2ub

13 күн бұрын

Thats why im living to 100, no coincidences for me 😉

@therooffairy5979

13 күн бұрын

@@Itsme-fb2ub 💪 legend

Not any more.

A bull but, no bear? (back round)

Big mac meal. $200 in 2027.

Yes 1 million is enough

I'm 48 but should be just a few years off retirement. I have a solid, positively geared property portfolio and SMSF but I'm struggling to find a financial adviser who properly understands real estate. While I'm outside of your select age group, are you able to offer an initial review or direct me to someone who could work with me ?

@hdmccart6735

14 күн бұрын

Richard Head is very good and Sydney based.

@petkuscinta9797

14 күн бұрын

First 1/3 is the hardest. Then there will be what I call singularity point at which super will make you same amount of money as your contrubutions. And from there very quickly it salary contributions have almost no effect. By the time you get to 400-600k it is good idea to be investment eductated. Investing in blue chips or blue chip ETF's that earn dividends and you can write options over is boosting ordinary SP500 up. But with downside risk management strategy.

@oggyoggy1299

13 күн бұрын

@@hdmccart6735 He blows!

how about one quarter of one million???

most people with a morgage not going to have 1 mil so i find this stupid...and with the cost of living always rising even more so

What salary are you on to get a mill super!!!? Certainly not an average woman.

@alimfuzzy

14 күн бұрын

Maybe they are active in their SMSF.

@kevinquinn7645

14 күн бұрын

If you can save $25k by age 25, it would compound to over $1.5M by age 67, without making any additional contributions.

@lisinbondi1240

14 күн бұрын

If you always contribute a little more I know quite a few women who, importantly, always worked who have mid range jobs - nurse, teacher, public servant, who have achieved that before retirement. It is certainly not that unusual, but does require thought and maybe putting in a bit extra along the way. the power of compound interest really matters - as does starting as early as possible

@nathansmith5726

14 күн бұрын

@@kevinquinn7645 I should be at 20k at 20 so I guess I'm on the right track

@robsalvv5853

14 күн бұрын

I’m 54, have been contributing to super since I started work as a 21yo. By the time I’m 60, I should hit that target. Admittedly I haven’t had to take time out of the workforce for kids, so YMMV, but it’s a case of start early and contribute what you can regularly to maximise the balance by retirement.

Nonsense. I’m a single guy retired and my costs would be about 15k a year. I could not spend 32k a year if I tried, let alone 50k.

@mjonno64

13 күн бұрын

Sure!

@helixator3975

12 күн бұрын

Try harder 🤣

@cedarmanagement2343

12 күн бұрын

Fly business class and a month in Singapore will be more than 15k 🎉

@aussie8114

12 күн бұрын

@@mjonno64 Yes sure.

@mjonno64

12 күн бұрын

@@aussie8114 so $288 per week on $15 k per year? The age pension is about $500 per week. What do you eat?! You should share your secret!

I'm almost 59, no way will i ever have 1M$ saved by then... single/own house and got just over 100K in banks and 250K in super, guess i'll have to work till i drop dead.

@sjoshi9431

13 күн бұрын

Or you can downsize and use that money for retirement!

@oggyoggy1299

13 күн бұрын

Yeah, that’s a worry.

@triarb5790

13 күн бұрын

You will be eligible for the Government Pension on top. Currently that is $26,535 per year. Over 25 years that is worth $663, 375. That is the base rate, you may also be eligible for additional funds. You will also get the Pension Healthcare card which reduces all sorts of bills ( 50% off car rego for example) Don't despair, get educated and ignore the naysaying boasters on here. Prepare for a lot of people getting sniffy with me about the government pension, but the reality is most Australians still rely on that top up to make that million, and it's ok. Life is not the fantasy world a lot of the commentators on here pretend it is. They forget that in the real world career breaks, marriage breakdown, retrenchment, singledom, sickness and accidents can all impact, or significantly alter the trajectory of their lives.

@mjmf1430

13 күн бұрын

⁠Excellent reply, thank you!

@waynev5097

13 күн бұрын

​@@triarb5790That's a great point to make about the age pension being equivilant to abt $660,000 of super.

No.

I am 41 and I have almost paid house in Sydney that is worth approx 2.5 mil. I am planning to buy 2 apartments as an investment soon approx $600k each. Do you think that should be enough to retire?

@slightfimulator4888

13 күн бұрын

How did you amass that much money and still have no clue?

@sjoshi9431

13 күн бұрын

@@slightfimulator4888 Have been working since age of 19 and bought a good house in a good area 10 years back. Previously invested in the other property. Now want to buy two apartments for retirement.

@oggyoggy1299

13 күн бұрын

No. You will need at least 4 apartments and a pile of gold.

@mjmf1430

13 күн бұрын

Why live in Sydney if you are concerned with not having enough? It would be more than enough if you move to Fuji.

@Woodland26

13 күн бұрын

buy house with land not apartments. The yield is quite poor.

It’s not if you’re married to MY Wife 🙄🙄🙄

If you use it to buy silver now, then yes, you will have plenty.

Simple answer is no

No, it's not enough

No one wants to use the principal in this chat. Super is not meant to be an inheritance!!

@Woodland26

12 күн бұрын

I can choose to spend it or leave some behind. No fixed rules either way.

First of the two figures under modest retirement are not comparable to the aged pension as a couple only gets just over twenty thousand a year in total. As for the figure for with singles nothing modest about just over thirty two thousand that is around the same as the disability support pension. Both amounts allow no room for luxuries and only the basics can be covered living below the poverty line.

@qball66

13 күн бұрын

and you are wrong...full age pension for couple is $40,000 a year...not $20k. $20k is each person in a couple.

@triarb5790

13 күн бұрын

Current government pension for a couple is $40,004 (plus eligible supplements), and then there is also the Pension Card, which is effectively worth on average $1600 per year in reduced bill costs. You can also receive the work bonus if you decide to work beyond 67 and not impact that pension. That is tax free money ( 10 hours/ $300 per fortnight per person) that you receive on top of the pension and your super.

@leonie563

13 күн бұрын

Look up the Aged Pension Asset Test, those figures don't include the Primary Residence. Australia is overly generous.

@chrisj6321

13 күн бұрын

I worked out that I'm paying 75k a year if I remove my mortgage. That's doing everything we want lots of concerts meals out couple of os holidays a year. I guess in early retirement maybe as u have more free time u need more money but the figures look ok

@user-rd8gp2vn8n

9 күн бұрын

@@qball66 yep and don't forget all the discounts on rates, services, prescriptions etc. that you previously could not access.

Short answer - no.

1 million goes further in Thailand😊

Its not about how much you have its about how much income you can generate. With 1 million you should easily be able to provide at least 85,000. You can also achieve 100,000 with not too much risk but also if you want to go for broke you could make around 120,000. 100,000 is what people should aim for as that provides a good life style in retirement. I retired 12 years ago and make more money in retirement than I did working, but then I didn't earn much working.

@rickyzoom8059

12 күн бұрын

You cant generate income in retirement. A retirement is to cease to earn.

@barts1286

12 күн бұрын

@@rickyzoom8059 Tell that to the tax man. My father was still paying tax at the age of 103!

@cedarmanagement2343

12 күн бұрын

Risk 20% of the 1mil in high yield high risk fund (or trade on your own) Balance 80% in FD Capital 200k 7% monthly x 200k = 14K each month. Withdraw your profit each month until totalling 200k. Your risk is reduced each month, and at the end of 13 months, you are RISK-FREE. From 14th month, compound for next 12 to 18 months ... 12 months compounded = 2.25X ... 18 months compounded = 3.39X ... 24 months compounded = 5X ... 36 months compounded = 11X This is how you take a calculated risk, achieve 0 risk and turn 200k into $2.2mil in 4 years! All the best!

@terrywenban6816

12 күн бұрын

@@rickyzoom8059 you obviously have no idea what your talking about. Your super is there to provide income in retirement, that's its purpose.

You're going over the 4% rule so you would run out of the nest egg. Not a good idea unless you want to leave nothing to your family

@Dutchman-mj5of

13 күн бұрын

My family can have my house. My super is for me to spend so I get to not work till I die.

@oggyoggy1299

13 күн бұрын

Yeah, the family gets nothing.

@nathansmith5726

13 күн бұрын

@@Dutchman-mj5of or you actually contribute to it urself and can live off 4% while keeping it and also leaving it to your family but okay

@paulchilvers5032

13 күн бұрын

Got no option in Oz. Minimum withdrawal above 4% is compulsory once you hit 65

@nathansmith5726

13 күн бұрын

@@paulchilvers5032 seriously? That's stupid it's your money why would you be forced to waste it?

Try doing it like me, WITH NO SUPER!

@user-rd8gp2vn8n

9 күн бұрын

That's a bummer, sorry to hear. Good luck.

Spoiler alert, NO

Seriously who has a million dollars - this is so aggravating

Wow. I never knew that you could just decide how long you are going to live like that.

@user-rd8gp2vn8n

9 күн бұрын

lol, I have. It's falling short that I don't have control over.

Nope ...

Don't need much , you spend less when retired.

@uberboiz

13 күн бұрын

Depends on individual's circumstances.

@djdownie3

13 күн бұрын

I wonder about those studies. Oh, they only spend 28k! Yes, that's because they're on the bleedin' pension. What else are they going to spend....

… one mil equals three hundred thousand 🙄

Nope.

Lol nobody is retiring in Australia

Probably not with the way our politicians are running the country

Pro tip. Leave Australia for a cheaper country once you have access to your Super. Live with a bigger budget.

@mvnorsel6354

13 күн бұрын

I left for the Philippines now they are after me.

@geoffreycoury1171

13 күн бұрын

Are you mad? 2 friends left for Thailand and the other the Philippines. The guy in the Philippines lasted 2 years after insane frustrations. Fridge/freezer breaks? Good luck getting it repaired. Need a plumber? Good luck not having any water or an overflowing toilet for weeks. Airconditioning breaks? Once again expect to be without for up to months. Thailand?....better but after getting sick he decided to seek treatment in Bangok. Unfortunately due misdiagnosis he now has a terminal disease, is back living in Australia with his daughter and her family and is unable to afford a property and has to wait years for public housing. Yeah, go overseas but be prepared to rip your hair out and come hone as soon as you get ill. Crap advice you gave pal!

@djdownie3

13 күн бұрын

Is super still tax free OS? Guess you might be taxed locally. But query if the tax free rule only applies to residents (like the tax free threshold).

@sweetsweet3753

13 күн бұрын

@@geoffreycoury1171 so you are a fan of 'statistical outliers' i am retired in Thailand, but Asia has been home for 25years so i didnt move here to dodge tax bullets etc.. i and many other friends here have a relatively low cost / high quality way of life lots of positive experiences on medical care and yep the odd negative ones on medical care but then i hear negative ones about Aus / Canada / NZ etc.... my friend got dental treatment here at 20% the cost of AUS (paid for his flights etc thru money saved). My take on it is dont retire overseas just because you are looking to dodge cost of living/tax stuff cause it wont work out for you long term. Your mindset needs to be moving overseas cause you love the place / culture etc.. this way you embrace the differences much more positively.

@johngwheeler

12 күн бұрын

@@geoffreycoury1171 Those are fairly negative examples, and there are lots of people who live (or spend a lot of time) overseas without any major dramas. Of course you can’t compare everything to how it works in Australia, and if you are just looking for “an Aussie life somewhere cheaper”, you will probably be disappointed. I would say healthcare in Thailand is pretty good, and even paying privately, costs less than Medicare rebated services for many things. That said, if you don’t own a property overseas (which can be a lot of hassle, granted) then we probably spend about the same amount staying in Thailand than we would spend in Australia, but that involves a lot of travel, eating out, and other entertainment that would be very expensive in Australia, so overall it represents more bang for the buck.

This is a horrific title many many people will have nothing like this amount

Just stay on The Dole all Your Life so infact You are Retired at Birth.If You need any more financial advice just ask.

@hdmccart6735

13 күн бұрын

Strokes are hard.

@tanyam3090

13 күн бұрын

Your parents must be so proud.

@dadonweIfare

11 күн бұрын

$1M AUD will last me 80 years in Vietnam, Thailand or Cambodia. I’m only 20 and I could retire now to those countries. I inherited my parents house valued at $1.4M

@ballaratevil6048

11 күн бұрын

@@dadonweIfare I met a lot of guys who did that and they came back broke.

@wayneparkes1350

9 күн бұрын

Problem is i had trouble with centrelink claiming the dole when i was 14 days old. They said "come back later".

Spend your money elsewhere

Typical Australian content- oversimplified, lacking detail, overly conservative, and dumbed down to a level a 12 year old could understand.

Who the ffffffff has a Million dollars to retire on.

@johngwheeler

12 күн бұрын

@@davidbarwick2078 Quite a lot of people I expect! If you take employer super contributions and salary sacrifice into super for 30 years @ $27,500, you would have contributed $700,000 (after the 15% contribution tax). Obviously the super cap has changed over the years, but for many people, making the maximum concessional contribution (for at least one member of a family) is achievable, and this obviously has tax advantages. If you have done that for 30 years you would *easily* have over a $1m in super, and probably a lot more. Of course, inflation will have eaten some of that away, and there are times in life when you can’t make extra contributions, but that’s the general idea. I suspect that a lot of people don’t think about future returns enough when they are younger, and just see money as “something to spend for fun”. I was guilty of that when younger, but started putting money into pension funds in my mid-twenties, and don’t regret it now that I was able to retire at 56.

This video does not relate to most of us mate. Get relevant

@michaelmcclown5593

14 күн бұрын

Then your not his target audience.

@markandkim66

14 күн бұрын

Relates to me. I’m 60 in 2 years and I’m sitting nicely atm.

@hdmccart6735

14 күн бұрын

@@michaelmcclown5593 *you're

@petkuscinta9797

13 күн бұрын

I would not be discouraged. It was only 4 years ago when my Super portfolio was 40% lower. Once you get to $300-$400k it goes up quickly. People with lower values than $300-400 should focus on investments financial education so by the time it does come to $400k $1mil will no longer look like nevr land. Last year I have made +34% by low risk investments. So even if I would not make any profits after 2 years I would still make +17% P/L per annum.

@davidbrayshaw3529

13 күн бұрын

@@petkuscinta9797 Yeah, right. What are you selling.

This video is very low ball......... My wife's parents passed away last year and left her AU$800,000.00. My wife turns 60 in 5 months and has AU$200,000 personal super coming. My parents passed away early this year and left me AU$645,000.00 plus their home valued at AU$800,000.00 currently renting at AU$800.00 per week. And I have no super. We own our own home with no leans and currently valued at AU$1,200,000.00 plus we already had AU$120,000.00 earning 6% in a no fee bank savings account. That makes AU$2,565,000.00 and we have no credit card debt and own our recent new car outright. We don't need nor qualify for Centerlink so why does this matter to us? Are people so poorly off that they have to struggle in their 60's to live to their 90's? That is sad.

@hdmccart6735

13 күн бұрын

This post is a troll right?

@MademoiselleRose40

13 күн бұрын

So what's the point of your post? If your parents die and leave you a ton of money you can come here and tell everyone you feel sorry for them when they worked hard and don't have as much. Good for you.

@bpw8139

13 күн бұрын

Sounds like you basically earned nothing throughout your life. Nearly all of your worth derives from inheritance from the parents, 800k from one, 645K and and home worth 800K from the other. So that's 2245K inheritance altogether and apart from your home you say you are worth 2565K in total. So apart from your home you only managed to save (2565K -2245K) about 400k throughout your life. I wonder where you would be if it wasn't for your parents. I did not have rich parents at all, yet I have managed to save many many times your inheritance, by working hard and saving over a long period of time.

@triarb5790

13 күн бұрын

Troll comment.

@theaustralianconundrum

13 күн бұрын

@@bpw8139 Inheritance is the best way to go baby!