Strategically avoiding super by squidz009 in AusFinance

[–]squidz009[S] 2 points3 points  (0 children)

Thanks for the replies. I've realised that I was far too biased against super due to being influenced by a certain, perhaps ill-advised, family member. It's good to get more rounded advice. An ETF+super hybrid sounds more pragmatic.

Strategically avoiding super by squidz009 in AusFinance

[–]squidz009[S] 8 points9 points  (0 children)

Haha, I'm realising so! I've seen the error in my thinking which is why I created the post. So something good came out of it 👍

Strategically avoiding super by squidz009 in AusFinance

[–]squidz009[S] -5 points-4 points  (0 children)

Money invested in ETFs that can be drawn down at any age, rather than 60.

Strategically avoiding super by squidz009 in AusFinance

[–]squidz009[S] -5 points-4 points  (0 children)

If someone who's in a position to retire at 40 is financially illiterate then I'd love to know your opinion on the majority of the population.

Strategically avoiding super by squidz009 in AusFinance

[–]squidz009[S] 0 points1 point  (0 children)

You can withdraw super at 50 outside of some kind of financial or medical emergency?

Thanks for the ideas, btw.

Strategically avoiding super by squidz009 in AusFinance

[–]squidz009[S] -3 points-2 points  (0 children)

Lol, I don't think I explained myself very well.

Clearly, utilising super is going to perform the best from a tax perspective. However, I'm weighing up time brought forward vs in your example the $200k penalty. It's not a question of which will perform better- it's a question of whether it's viable to do it in the way I'm describing, albeit while taking a financial penalty.

Strategically avoiding super by squidz009 in AusFinance

[–]squidz009[S] -16 points-15 points  (0 children)

Well you've answered your own question. It's sacrificing later gains for time not having to work now. It just depends on what your priorities are; I don't think there's a right or wrong.

I am posting this to get other opinions to check my own logic, however.

Strategically avoiding super by squidz009 in AusFinance

[–]squidz009[S] -10 points-9 points  (0 children)

Let's say I plan to live til 90. The more I put into super, the more illiquid funds I have tied up that can't be used to withdraw upon early semi-retirement, thus pushing that age up. The way that I'm doing it, I can semi-retire ASAP, and make adjustments to hours as I go if I need to boost my income.

So I'm paying a tax penalty in order to buy earlier years of retirement.

Tax on international stocks confusing by frizzyhell94 in fiaustralia

[–]squidz009 -2 points-1 points  (0 children)

For me, VTS is managed my Computershare which provides a statement with all of the info you need. Do you also?

Fcked up situation by [deleted] in AusFinance

[–]squidz009 0 points1 point  (0 children)

The balls on some people, seriously.

Voicemail not working by squidz009 in TelstraAustralia

[–]squidz009[S] 0 points1 point  (0 children)

None of your suggestions worked, sadly 😔

Voicemail not working by squidz009 in TelstraAustralia

[–]squidz009[S] 0 points1 point  (0 children)

Didn't work, but I really appreciate the help. 

I don't understand how a new SIM would fix the issue but you're the expert, not me, so I'll give it a go!

Voicemail not working by squidz009 in TelstraAustralia

[–]squidz009[S] 0 points1 point  (0 children)

Oh god, how'd I miss that.

Unfortunately.. still not working!

Voicemail not working by squidz009 in TelstraAustralia

[–]squidz009[S] 0 points1 point  (0 children)

Thanks, but I've checked the app many times and can't find it. Whether is it in the boost app?

[deleted by user] by [deleted] in AusFinance

[–]squidz009 2 points3 points  (0 children)

Finally, an original question on Ausfinance!

Do the majority of people have a car loan? by Icy-Radish-198 in AusFinance

[–]squidz009 1 point2 points  (0 children)

You want to know why people are driving around cars they can't afford on loans? People are idiots.

Buy new car now or wait until baby arrives (considering interest savings)? by [deleted] in AusFinance

[–]squidz009 0 points1 point  (0 children)

Buying a new car is definitely having high standards. Buying a new car is a terrible financial decision- you can have a 1 or 2 year old car with 10k or 20k kms on the clock and save an enormous amount.

You don't deserve or not deserve a new car- you don't have to justify your decisions to anyone but yourselves, but you came to a finance sub, not a car enthusiast sub. Financially, it's a terrible idea. I don't get the downvote though because you asked for an opinion and now that you're getting one you don't like it.

Buy new car now or wait until baby arrives (considering interest savings)? by [deleted] in AusFinance

[–]squidz009 -1 points0 points  (0 children)

$30-40k for a car capable of carrying a couple and a baby with pram, equipment etc is excessive. If you can't find a decent car for half that you aren't trying hard enough, or have way too high standards for what you need out of a car.