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  1. Terry_w

    $58,325 is comfortable for who??

    I wasn't really talking about super, but about personal assets. Even if you retire you can't get your super until you are 60 (or 55 in some instances). But considering super means there is an even greater buffer in there. Retire early, spend all your capital and then living on a combination...
  2. Terry_w

    $58,325 is comfortable for who??

    Dont forget that just because a person is "retired" this doesn't mean they will never make any money again. I am an advocate of getting out of a job asap. No point int working like a slave until you are 65 just to hit some random figure. And if you are going to rely on the pension, then all...
  3. Terry_w

    $58,325 is comfortable for who??

    I know a few oldies on the pension suffering life threatening diseases and cancers etc. All seem to be getting treated on medicare and doing fine. Sometimes it would be the same doctor - in fact i recall someone telling me that they had private health insurance but it worked out better if they...
  4. Terry_w

    $58,325 is comfortable for who??

    I know of a number of pensioners who survive well on the pension and still take overseas trips, have newish cars, nice home and are doing well - with no other income at all. I think it is very important to do a budget for a year at least and to work out what you actually spend. You then can...
  5. Terry_w

    $58,325 is comfortable for who??

    $58kpa is a huge amount. I think most people over estimate the amount they will need for 'retirement' and this causes their retirement to happen years or decades later than it could have. I love Mr Money Mo's approach too.
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