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  1. #1
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    Default How much Superannuation do you have?

    Saw the savings thread and it got me thinking. Do you think about super and how much you will need for retirement?

    I was making a small pre tax contribution each month and I had $80,000. Then I sat down and did the maths and realised I wouldn't have what I wanted to retire.

    So now I make the maximum contributions each year (combined with company contributions) and my account is looking healthier.

    I really started this thread not to be nosy, but I just wanted people to think about where they are and where they want to be.

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    I think about this too. I do think the answers would be more meaningful if people said how old they were as well, or how long they'd been working

    Edit: cr@p, after all that I forgot to put mine! I am 28 and have $52k in there at the moment. I do contribute a small amount extra each week.
    Last edited by Cheese Please; 05-06-2014 at 18:02.

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    Wise Enough  (05-06-2014)

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    I'm 39 and have 150k, hubby 50 something has about the same so I guess we have 300. We own out own house, have new cars that will last a while. So I think we are doing ok. Oh and we have 2 investment properties that we owe about 160k on so nearly own those. They will bring in about 600/week which we could live off If combined with super?
    Last edited by lilypily; 05-06-2014 at 18:05.

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    I only have about 5k. That was from working from 15-24. I'm almost 27 now and a SAHM. When I return to work in about 5 years I will be contributing quite a bit to my retirement fund. But definitely not into a super fund.

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    A-Squared  (06-06-2014)

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    DP is 32 is on track with about $100,000 (probably more, but I haven't checked in a few years). I am 28, have about $20,000 and have rolled it all together recently. You can go to the ATO website, give details about yourself and they will arrange this for you. https://www.ato.gov.au/Individuals/S...o-one-account/
    Last edited by Nomia; 05-06-2014 at 18:20.

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    Chillies  (05-06-2014),Wise Enough  (05-06-2014)

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    I'm 29 and only have about 50k :/

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    $50k but I don't plan on relying on super alone, especially how much was lost during gfc. There will be another gfc at some stage before I retire so we plan on investing elsewhere.

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    29 and 100k

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    Quote Originally Posted by BigRedV View Post
    $50k but I don't plan on relying on super alone, especially how much was lost during gfc. There will be another gfc at some stage before I retire so we plan on investing elsewhere.
    Yep, I have a gut feeling that although we got out of the last one, the government payouts were only delaying the inevitable. Still, cycles in the economy is quite normal, it's just the severity that seems difficult to control.

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    I'm 29 DH is 36 and we have $250k combined (it would have been over $300k but DH had to give a lot away in his divorce after first marriage), DH gets an extra contribution from his employer as they match up to 5% salary sacrificed, so that has helped boost it recently.

    I definitely keep track of how much we need to retire and if we're on track. We are at the moment but only just. It's amazing how much you need!


 

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