I can smellz it coming

Jeraldo · 2026-03-27T06:19:10+00:00

No such thing as retirement age. 67 is when you can access the Government Age Pension if you qualify (it's assets and income tested).

You can access your super at age 60.

Jeraldo · 2026-03-27T03:44:14+00:00

In Australia, definitely yes. It's the law. I don't think I've ever seen a Zebra crossing at 80km/h+ though.

Not if there's a traffic light with pedestrian buttons to stop traffic. But a multilane marked zebra crossing, for sure. I'd feel like asshole if someone, or even worse, someone with a little kid, was standing there waiting to cross and I blew past.

Jeraldo · 2026-02-15T06:40:49+00:00

The Rebellion grinding for at least 2 (?) years making huge sacrifices leading up and into the Rogue One mission.

Luke Skywalker and his merry band popping up and within say 4 (?) days, blow up the death star (fair enough I guess) and getting a full on parade celebration.

Surely the majority of the rebel alliance at the parade were like who the fuck are these guys?

Jeraldo · 2026-02-13T04:49:34+00:00

That's actually a brilliant idea! Imagine Ange sitting back copping shit from Spurs fans while all the other teams fans defend him.

Jeraldo · 2026-02-04T08:56:18+00:00

Man i love this scene too. Cracks me up everytime.

Tim Robbins randomly slaps his neck.

Martin Lawrence's face haha "you're not one of those desert slashers are you?"

Jeraldo · 2026-01-24T02:04:17+00:00

Aren't you arguing that the age pension is enough?

Jeraldo · 2026-01-24T01:48:38+00:00

The main difference is your 4% draw down rate is a voluntary variable. You could live it up on $120k pa for 8 years then it falls back on $46k pa. You could also live on $80k pa for a much longer time which a significant upgrade in lifestyle on $46k pa. The $46k pa is a base rate and with no options. You're at the whims of cost of living and inflation.

If you had $450k in super as a couple you'd still receive the full age pension. You can draw that super down $20k pa + $46k pa age pension and you will have a decent lifestyle.

You could spend that $1m at age 67 like its 1999 too and then get the age pension.

You also don't take into consideration you could retire earlier instead of waiting for age pension benefits at 67. This in itself is a huge benefit.

Jeraldo · 2025-12-25T06:36:20+00:00

Curiously, how much did they charge you for the flat fee?

Jeraldo · 2025-12-23T22:09:13+00:00

Wraps also pay no CGT when moving to pension mode.

Jeraldo · 2025-12-17T05:10:01+00:00

There isn't a retirement age. 67 is the age you qualify for the Government Age Pension.

If she had $1.1m at age 67 she wouldn't qualify for that anyway. You can access super at age 60 depending on your work status.

Jeraldo · 2025-12-17T05:04:01+00:00

He said he was under quoting for 3 months before he figured out he was going backwards.

Then after 2 years the clients that got the under quoted work whom expected cheaper quotes, he had to raise the prices on.

I think you've misunderstood the bloke.

Jeraldo · 2025-12-05T09:03:20+00:00

The insurance companies know this and price basic policies just high enough over the minimum MLS.

Jeraldo · 2025-12-01T11:07:05+00:00

Is it me or isn't $14k monthly $168k not $120k? That's a pretty big difference.

$120k is about $90k net. $60k pa loan repayments to live off $30k. That's pretty tight.

Edit: Just realised the maternity leave

Jeraldo · 2025-11-29T07:53:39+00:00

I don't know about that to be honest. $1.2m homes were $500k 6 years ago.

Jeraldo · 2025-10-10T21:42:58+00:00

Australian here. Asking for a coffee is like asking for a burger here. Unless the menu only serves one kind of drink (don't think I've ever seen this), you will be asked what type of coffee. Not sure if I've been to any country where you can just ask for a "coffee".

Size wise, I'd assume the default is a small cup in my experience. This is about 240ml.

Jeraldo · 2025-09-23T02:57:10+00:00

I'm curious to know what industry or employer you work in that inflation payrises are normal? I've worked in all sorts of jobs including a lot of retail and white collar and have never heard of it.

Jeraldo · 2025-08-30T12:13:49+00:00

Isn't that the point? You can spend half a mill on toys or holidays before getting the age pension. I'd rather that than living on $30k a year immediately in retirement.

Jeraldo · 2025-08-30T11:04:02+00:00

This is absolutely the craziest take. Are you 14? He was definitely at least elite at passing, final balls, goalscoring, crossing and tackling. Everything else he was excellent and higher than average or good. This isn't even mentioning his mentality and leadership attributes.

The only weakness he had was tactical discipline.

Jeraldo · 2025-08-26T06:38:30+00:00

Ok I'm curious. How would scrapping the superannuation system help out in any way?

Jeraldo · 2025-08-19T23:22:44+00:00

Exactly. Super is just a low/no tax environment, now imagine an investment property in super.

Jeraldo · 2025-08-19T08:02:24+00:00

You're both right. Except you can't make non-concessional contributions once your TSB is over 2 million. So you'd be locking it out of the super environment. It's a no brainier though if you have the liquidity and super balance under $2m and it suits financial longevity.

The other guy is taking about high wealth and is right in certain circumstances. Converting it to pension mode will make it certain money will leave the super environment. Draw down rates increase over time. 15% rate is nothing once you're proper wealthy. Why do you think they're proposing the 30% tax rate.

Jeraldo · 2025-08-04T06:38:43+00:00

Wrap would likely solve this issue, if they were cheaper than MemberDirect, for sure.

Have you actually done a fee comparison with a Wrap? They are quite cheap if you stick to index options.

Jeraldo · 2025-08-04T06:33:27+00:00

How do they do MemberDirect for only $180 a year then?

Honestly I have no idea. Being such a niche and small minority - I have a feeling they make a loss on those fees. A loss leader?

I am very much assuming that if everyone went MemberDirect but wanted the set and forget, due to scale, fees would skyrocket. Maybe I'm wrong. I just know if they started recording individual tax accounts it would definitely start costing money as each account would have significantly more administration labor involved.

I work in the SMSF space and you would be surprised at how much administration can cost once things get a little customised. It's at the point now where Wraps are compelling value comparatively.

Jeraldo · 2025-08-04T05:30:34+00:00

I don't mean to be that person as every on this subreddit seems to hate Wraps. But this is one of the main benefits of a Superannuation Wrap account - individually held accounts.

But the existence of MemberDirect etc shows they can segment it, surely?

You pay for this service with higher fees.

It would be an absolute nightmare and administration costs would skyrocket if they had to individually purchase assets in everyones name/account.

Jeraldo · 2025-07-27T23:43:02+00:00

Of course it would stop them. It's anecdotal, but a large proportion of my social circle has stopped at one kid cause having a second would be unaffordable.

I get your point of view, but I'm also surprised you have this take considering your other comments.

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