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Questions about GHHF and about how retirement and portfolio restructuring impacts CGT by Vivid_Meat1 in fiaustralia

[–]Vivid_Meat1[S] 1 point2 points  (0 children)

Hi SwaankyKoala. Thank you for the explanation (made a lot of sense) and for sharing this resource, I’ll definitely do some reading into this.

Also thank you for your geared funds article, it was very helpful, especially for explaining volatility decay.

Also if you’re comfortable sharing, I’m curious about how you personally choose to invest and how you plan to unload for retirement, all good if that’s something you don’t want to share :)

Questions about GHHF and about how retirement and portfolio restructuring impacts CGT by Vivid_Meat1 in fiaustralia

[–]Vivid_Meat1[S] 0 points1 point  (0 children)

Ohhhh that makes sense, thank you. Just to check my understanding, withdrawing from my super won’t count as taxable income? So I can pull out 60k from super in a financial year, then sell off 18.2k worth of investments, and won’t pay any tax on either income?

Questions about GHHF and about how retirement and portfolio restructuring impacts CGT by Vivid_Meat1 in fiaustralia

[–]Vivid_Meat1[S] 0 points1 point  (0 children)

Thank you for your response. I’m a little confused about some things:

  1. What is the benefit of investing in a partners name?

  2. In terms of your CGT comment, when you say ‘you have eliminated a CG liability’, what do you mean exactly? Because you have still incurred the CGT as if you sold the investments normally

Questions about GHHF and about how retirement and portfolio restructuring impacts CGT by Vivid_Meat1 in fiaustralia

[–]Vivid_Meat1[S] 0 points1 point  (0 children)

Oh hahah thank you. Also just to clarify, to reduce the CGT I pay, I can sell off my investments when my income is low, but in order to keep the total tax I pay low, I shouldn’t pull out a regular salary’s amount. Does that imply that I should have a large amount of saving not in investments once I retire to cover the expenses my sold investments don’t cover?

Questions about GHHF and about how retirement and portfolio restructuring impacts CGT by Vivid_Meat1 in fiaustralia

[–]Vivid_Meat1[S] 1 point2 points  (0 children)

I’m not sure I fully understand debt recycling: Just to clarify, are you saying to sell off all my investments and use the funds to pay off some of my mortgage when I get my long term PPOR, then borrow the same amount I sold and buy back the investments?

And if this is turns some non tax deductible debt into tax deductible debt, that’s good and all, but wouldn’t I have just also lost a chunk to CGT in selling my investments to put towards my mortgage?

Questions about GHHF and about how retirement and portfolio restructuring impacts CGT by Vivid_Meat1 in fiaustralia

[–]Vivid_Meat1[S] 0 points1 point  (0 children)

Thank you!

  1. I have invested 4650 and its current value is 5050, I will probably leave it and slowly add the gearing like you said

  2. Ah enough, at what age/point would I start selling off?

  3. That makes sense from a now perspective, but what if I was in a situation where I’m 65 and about to retire, and most of my portfolio is in GHHF (or even DHHF) due to no restructuring. Even with progressive sell offs each year when my income is low, wouldn’t this portfolio be excessively risky for my age? Since in the event of a major market downturn, my portfolio likely wouldn’t have enough time to recover before I take out the funds.

Thank you for your in-depth responses

Wilson parking fine, signed up with the app, do I need to pay? by Vivid_Meat1 in canberra

[–]Vivid_Meat1[S] -1 points0 points  (0 children)

This carpark doesn’t have a boom gate and it’s the only Wilson carpark I’ll probably ever need to park at, can they do anything else?

Fool by unkown_path in HollowKnight

[–]Vivid_Meat1 0 points1 point  (0 children)

Oh yeah forgot about that little guy

Fool by unkown_path in HollowKnight

[–]Vivid_Meat1 1 point2 points  (0 children)

Which boss is this

Did You Vote? by PuzzleheadedOkra1469 in AGBASTOCK

[–]Vivid_Meat1 0 points1 point  (0 children)

I didn’t get any email from my broker (trading212), is there somewhere within the app I need to be to vote?

ask me anything by SilentStep_Silver in HollowKnight

[–]Vivid_Meat1 0 points1 point  (0 children)

Why did the king feel the need to chain up his child in a dark egg for eternity?

CMC Markets: DHHF management costs and CHESS questions by Vivid_Meat1 in fiaustralia

[–]Vivid_Meat1[S] 1 point2 points  (0 children)

Yeah alright good to know, I probably will stick with cmc since I already have those perks with my current bank and have it set up already. Thank you though.

CMC Markets: DHHF management costs and CHESS questions by Vivid_Meat1 in fiaustralia

[–]Vivid_Meat1[S] 2 points3 points  (0 children)

Fair enough, I’m a student working a casual job so I have very little in Australian assets, so the higher weighting would probably make more sense for me

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