SS is my first point of call, but not my only. The below scenarios are a fusion of reality, supposition, fiction and assumption. I'm just after some food for thought.
- Ann may need to retire from full time work (health reasons) as early as 2022. At latest, 2024.
- Ann has passive income streams, which currently deliver $5-$10k annually.
- Ann will be able to maintain these income streams into retirement.
- Ann will own her home by retirement.
- Ann can initially retire on meagre SMSF returns, as long as they'll increase annually, on their own.
- Bob won't need to rely on super in his retirement (2024).
- Bob and Ann will merge super funds, with the sole intent of setting up Ann for retirement.
- Once merged, the SMSF balance will be $200k, with $10k minimum added annually for the ensuing decade.
The main question is how best to generate a reasonable passive income stream for Ann in retirement, over the next decade, through the SMSF.
Whether to, for example, immediately deploy $100k towards an IP (80% lend), $50k for holding costs until CF+ and $50k into high yield shares then buy second IP once feasible. Or whether to be more aggressive in acquiring property through the fund to build a bigger asset base (to potentially sell down in part later), whether to diversify more initially etc.
Looking forward to some ideas and input.
- Ann may need to retire from full time work (health reasons) as early as 2022. At latest, 2024.
- Ann has passive income streams, which currently deliver $5-$10k annually.
- Ann will be able to maintain these income streams into retirement.
- Ann will own her home by retirement.
- Ann can initially retire on meagre SMSF returns, as long as they'll increase annually, on their own.
- Bob won't need to rely on super in his retirement (2024).
- Bob and Ann will merge super funds, with the sole intent of setting up Ann for retirement.
- Once merged, the SMSF balance will be $200k, with $10k minimum added annually for the ensuing decade.
The main question is how best to generate a reasonable passive income stream for Ann in retirement, over the next decade, through the SMSF.
Whether to, for example, immediately deploy $100k towards an IP (80% lend), $50k for holding costs until CF+ and $50k into high yield shares then buy second IP once feasible. Or whether to be more aggressive in acquiring property through the fund to build a bigger asset base (to potentially sell down in part later), whether to diversify more initially etc.
Looking forward to some ideas and input.