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I'm still learning feel your pain though my IP is in a dead area the real estate said after 5 yrs of me owning it to sell it today I would actually have to list it $60K less than what I bought it for + all the other associated costs of selling. Purely for this reason I wont sell it and wont...

Wouldnt you be best off keeping your IP and using the money you can collect from the tenant to supplement your super and then when you are in retirement and the funds are winding down to nothing you can sell the IP. That's my plan to keep my IP which I would have paid off by the time I hit...

Are you even allowed to do that I heard my mate say whos father retired early that they wont let you spend all your money as heaps of people would go out buy expensive cars an caravans etc and use up all their money then rely on the government pension. Pretty sure the government would be...

Hi So what do you mean earnings are taxed at 15% does that mean when I retire and I take $30K from my $600,000K to live on I will be taxed 15% on the 30K???? I also have no idea what franked dividends means??? Can someone explain please and share their knowledge .

Well I live on less than 50K a year now with 2 mortgages..... Pretty sure once im mortgage free 50K in retirement should be sufficient.

Probably more my ignorance I didnt understand that you can keep your super balance at 600K at retirement and keep redrawing 30K each year living off the interest only. I was under the impression it stops at retirement age thats all. Sorry I dont know anything about super except that my emplyers...

I just checked my super and assuming I will have the same salary until I retire I will most likely end up with approx $600,000 at retirement. Divide that by $58,000 that only gives me 10 years and I will have no money :eek: Im only 33 now when I get there will the government still be paying...