Retirement

A Pleasant Surprise!

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You know that delicious moment when you (re)discover $20 bucks you stuffed in a pocket last winter, or when you pull out an old birthday card and the cash is still inside? Yeah, that’s right baby. After moving from a paid advisor for my retirement savings to a less expensive fund, I diligently changed all my […]

Superannuation

Superannuation Nest Egg Update (September YTD 2016)

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The last time I blogged about my Superannuation fund  was in January (these are like a 401k or other Government mandated retirement account). Since then, three whole quarters have slipped by. As it is raining today (and a Saturday) I’m sat with a cup of coffee and the chance to review the fund, while I watch the rain […]

Retirement

Superannuation Nest Egg Update: Peroformance review 2015

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I’ve talked a little about my retirement savings (“Superannuation” or “Super”) in August and noted that I’d be tracking performance regularly. The main reason for the analysis (reporting) is to ensure I’m getting adequate performance for the fees I’m paying. As I outlined in the article from August, we have three basic options for Super in Australia […]

Retirement

Superannuation Nest Egg

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Like many countries, Australia has a compulsory savings system in an attempt to ensure individuals have adequate retirement savings to provide income when they’re no longer working. It’s called Superannuation or ‘Super’ for short; currently a minimum of 9.5% of our pre-tax salary is directly contributed to Super. Individuals can voluntarily contribute more of their […]

Retirement

Making the Most of Superannuation on a Lower Income

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As a graduate student I’ve spent most of my adult life (the last 11 years) working casual or part-time, with only 12 months in paid full time work between degrees in 2008. This has meant a lower income for me, between $6,000 p.a. as a teenager and approx. $40,000 p.a. now (and I’m still studying […]