Thinking about retirement? you may have to think again.

You obviously don't have a copy yourself.

Nope.

Maybe the local library has a copy .

Another good book is The Barefoot Investor with lots of good advice about first how to get free of debt in realistic ways (burn the credit cards and switch to debit so you only spend what you already have etc) and then how to save with minimum pain. The author had a personal disaster and learnt some hard lessons.

What a lot of people don't seem to have in relation to their finances, is.......common sense.
I was in finance for all of my working life, and I've seen stupidity, lack of thought, over confidence in the person's ability, unreal expectations,basically all of which would have been realized with a bit of thought, but no,....no thought, and then, when things don't work out, it's everyone's fault,......except their own. If I've seen it once, I've seen it a thousand times.
Pickles.

Not sure common sense and fiscal prudence go hand in hand with owning Landies :-D

Quote:

---

Originally Posted by bob10

It's all good mate. But can you remember when this bull**** about boomers, millennials etc came about? Once upon a time we were all Australians. What has happened to set us upon ourselves? To make a divide between generations of Australians, is not what Australia was meant to be. In my day , we all helped each other, in your day, it seems division is the norm. We are coming more American than Australian, I think. And that is the fault of those after us.

---

Great comment - how true

Quote:

---

Originally Posted by ramblingboy42

You obviously don't have a copy yourself.

---

Noel Whittaker saved me thousands , just before the GFC, he predicted the trouble. Gave me enough time to put my Post Office Super into cash, out of the market. I lost nothing, gained little, the cash rate wasn't brilliant. I will vouch for Whittaker's advice, I follow him in the Courier Mail , every article. A very smart financial expert.

Quote:

---

Originally Posted by shanegtr

I think your both right there. So many people I've met through out my working career (Im only 36 so it hasnt been that long) that are a similar age to me dont give a rats arse about super. I think part of the issue is that its money that you dont get to see until later in life so its low on peoples radar and I think most people seem sceptical that they will ever see it. But its certainly within peoples own power to top up their super contributions with their own money to make up to 15%. I seen recently a table of average super amounts per age group - my group was around $55,000 which to me seems low so I think that even by the time I get to retirement age there will still be some sort of pension available (it certainly wont be the same as what we currently have). All I know is with my super balance Im certainly on track to need very little of the "pension" as Im well and truly up on the average.

---

Im not far behind you shane and i recently checked my super. About $50k. I thought that wasnt too bad but then i clicked the forecast button and by the time im 65 it will be about 400k - im fairly sure that'll be a pittance in 35 years.

Thats if we make it that far [emoji14]

Quote:

---

Originally Posted by Disco-tastic

Im not far behind you shane and i recently checked my super. About $50k. I thought that wasnt too bad but then i clicked the forecast button and by the time im 65 it will be about 400k - im fairly sure that'll be a pittance in 35 years.

Thats if we make it that far [emoji14]

---

"400K in 35 years,...a pittance"?....It will most definitely will be, hense the need as I said, to make plans now....and, I'm not taking it for granted, that you aren't..
Pickles.