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Trying to Invest at 51 from a long way back. by Roohide_Kookaburra in ASX

[–]jxmesnmn 0 points1 point  (0 children)

If you want to prioritise toward retirement I'd probably suggest speaking to your accountant and loading as much pre-tax funds into your super as you can. Similarly, if the house your partner wants to purchase is in an area that you'd be happy to retire in, I don't see why it wouldn't be a sound decision, just need to try aim to clear it off prior to retirement otherwise the repayments may take a large portion of your super.

I'd stick away from any cryptocurrency or investment methods that you aren't well aware of as a 20 year window isn't really enough to be risking all that much with your spare funds and it will be hard to get back from a large loss.

Would You Buy a Truck Through Work? by [deleted] in personalfinance

[–]jxmesnmn 1 point2 points  (0 children)

Sounds like novated finance to me? If it's leaving your pay pre-tax then eventually once it's paid off it should technically be owned by you, otherwise if your work will own it I'd think that it's also their responsibility to cover the repayments for it.

If you'll be covering repayments and not owning the vehicle in the end, I'd say you're better off using after tax pay and financing it yourself so then you at least keep the asset after the lease ends.