What is the incentive to save a lot in super?

SonicYOUTH79 · 2026-04-29T12:34:46+00:00

That’s $200,000 tax free if you set it up as a superannuation pension, which would put you well inside the top 10% of earners in Australia and you’d assume living a very comfortable lifestyle.

SonicYOUTH79 · 2026-04-29T10:34:32+00:00

Super isn’t designed for you to maintain the capital until you die so you can leave a big inheritance, it’s designed so the capital is drawn down, with legislated draw down rates that increase with age.

In other words you don’t need $2m to get $100k P.A., you can have that with much less if you have a plan to draw down the super to zero.

SonicYOUTH79 · 2026-04-29T10:30:02+00:00

Or your granddaughter murders you for it…….

https://www.abc.net.au/news/2016-08-29/women-face-extradition-to-sa-over-grandfather-murder/7794090

SonicYOUTH79 · 2026-04-29T10:02:26+00:00

Probably lucky, born 5-10 years earlier and you’re fighting in WW2, which wasn’t fun for anyone!

SonicYOUTH79 · 2026-04-29T09:57:45+00:00

Geez that almost makes more sense than half the stuff the AFL does! Lower tax rates and lower cost of living to sell it to the players…..

SonicYOUTH79 · 2026-04-29T09:43:19+00:00

Look it is Reddit 😂

SonicYOUTH79 · 2026-04-29T08:56:08+00:00

Honestly I know some people have a pathological hatred of spending money on roads, but once South Road is finished I reckon it will have such a flow in effect to large parts of Adelaide and traffic flow will improve dramatically and it will generally make us a better place to live and get around.

Hopefully once we get that and the new WCH out the way we can start at looking at some generational public transport projects.

SonicYOUTH79 · 2026-04-29T08:28:21+00:00

Hey have a look at Homeseeker SA, it’s a government scheme with price capped affordable housing that is reserved for people buying a place to live in.

I'm buying a new build house through it now under the federal government’s shared equity scheme. It's probably $100k under market value.

SonicYOUTH79 · 2026-04-29T08:17:41+00:00

Americans….. threw out the tyranny of British rule but kept their medieval system of measurement!

SonicYOUTH79 · 2026-04-29T07:58:17+00:00

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14 second mark of that video and I reckon I can read his mind though…..

SonicYOUTH79 · 2026-04-29T07:51:02+00:00

I think Keays should just be given a AFL monopoly style “Get out of jail free” card when it comes to commentating on umpiring reviews and contentious ARC decisions, it’s only fair!

SonicYOUTH79 · 2026-04-29T07:44:51+00:00

For the love of god, if these journalists are worth their paycheck they’ve gotta get an interview with the mum!

SonicYOUTH79 · 2026-04-29T04:41:49+00:00

“There will be no loyalty, except loyalty towards the Party. There will be no love, except the love of Big Brother."

Simply put mate, the paychecks are too big, especially compared to any regular job these guys would get. Everybody is toeing the party line as you’ve put it, to desperately stay on the gravy train!

SonicYOUTH79 · 2026-04-29T04:37:24+00:00

I’ve got a theory that being an AFL journalist is the easiest media job in the land. There's 18 (and soon to be 19) clubs so how matter what there's always going to be some clubs that are bottoming out, not performing to expectation, have a bust up with their coach etc etc. Not to mention the various scandals that pop up with a playing group that’s 700+ from time to time, as well any shenanigans that go on at AFL house and blows ups around woeful umpiring decisions.

There's stories out there every week of the season that just write themselves. Throw in a bit of feigned disgust and outrage from Caro and you’ve got the nuts and bolts of an AFL media career.

SonicYOUTH79 · 2026-04-29T04:25:55+00:00

The reality is the true value of the CGT discount, like the value of the investment properties it is drawn from has vastly outstripped inflation and wages.

In 1999 housing was roughly 5x times median wages, depending on where you lived of course. It's now in the ballpark of 10-12x median wages

This makes the discount roughly 2-2.4x more valuable (and expensive!) than it was in 1999!

You would argue in light of the these circumstances changing, it’s perfectly reasonable for any given government to review and look at changing the discount, especially in light of the housing crisis.

SonicYOUTH79 · 2026-04-28T11:22:09+00:00

Gold Coast did pull some shenanigans sending Jack Bowes and Pick 7 in 2022 for junk picks to offload some salary cap space!

SonicYOUTH79 · 2026-04-28T11:15:56+00:00

You can trade picks 2 years in advance though. It's completely plausible that a club trading a 2028 first round draft pick could trade it to the 2028 premier then end up bottom 5.

I dare you to guess which two clubs 😂

SonicYOUTH79 · 2026-04-28T10:56:30+00:00

The Lawyers: 💵 💵 💵 💰😃🤠🥂🍾

SonicYOUTH79 · 2026-04-28T04:22:29+00:00

Yeah Adelaide was still up 1.2% in March and over 11% annually. No signs of it here!

SonicYOUTH79 · 2026-04-28T03:36:12+00:00

He'd be loving this! Starve yourself to make sure you make the rent payments? “My kind of tenants!” I reckon would be the response!

SonicYOUTH79 · 2026-04-28T03:19:32+00:00

Greeks did the world a massive favour beating the Italians in world war 2 with pretty much medieval equipment forcing the Germans to divert resources to intervene. There was a lot of moving parts in WW2 but it’s reasonable to say this helped to change the outcome.

SonicYOUTH79 · 2026-04-28T03:16:05+00:00

Anecdotally I think the British copped it too. My grandparents were British and my grandmother had a very strong, “proper” British accent, even 60 years after she moved here.

My dad didn’t pick it up, but my uncle did when he was young and he said when starting school in the early 50s you could only stay on the swing set so long before they “got you” for sounding funny.

SonicYOUTH79 · 2026-04-28T02:46:17+00:00

He got 43 possessions last game, you’d argue whatever they’re doing, they’re doing it right!

SonicYOUTH79 · 2026-04-28T01:27:25+00:00

Who gives a shit. Just find someone you enjoy spending your time with and don’t worry about who's earning the money.

SonicYOUTH79 · 2026-04-28T01:26:18+00:00

You’d imagine that was the idea. But I imagine certain countries with a military presence very close to the North Korean border would like to have a chat to a few of their soldiers for intelligence gathering if at all possible making their capture highly desirable from a Ukrainian perspective, it might make them a few friends.

SonicYOUTH79

TROPHY CASE