SA Footy

I know I am a bit older than most on here, so this topic probably not for everyone...... yet.

While on holiday recently I got stuck into a book, that a mate had recommended - "How to have an epic retirement" by Bec Wilson. I am about 2/3 of the way through, and I must say, it's changed a lot of my previously held ideas about what can be achieved, both financially, but more importantly, in general life in retirement. It's a holistic approach.

I've spent a bit of time pulling together a spreadsheet and trying to work out how much $$ we need to finally pull the pin on this whole working for a living caper. It's provided some clarity for me, and leaves me feeling pretty positive, that we are on track. While "super" will always be subject to geo-political situations, such as Trumpy having the odd brain fart. I've always adopted the longer-term view.

The key folks, is this. Compounding interest.

Understand this, and you are on the road to retirement.

Thanks for the heads up

Jimmy_041 wrote:Thanks for the heads up

I'd say you are well in front of me in terms of planning and understanding compounding interest.

I held a pretty naive view, that you retire & pull you money out to live off it. Hadn't considered an annuity or similar where you keep making money, while you draw down.

I found the book helpful, and am merely recommending it to others if they want.

I'll cark it 3 weeks before retiring anyway so I'll just take the win if I get there.

Lightning McQueen wrote:I'll cark it 3 weeks before retiring anyway so I'll just take the win if I get there.

Murtaugh, is that you?

wenchbarwer wrote:

Lightning McQueen wrote:I'll cark it 3 weeks before retiring anyway so I'll just take the win if I get there.

Murtaugh, is that you?

I'm being conservative too, Dad, Pop, my uncle and aunty all died at 62, I'll be having a massive 63rd if I'm successful.

Lightning McQueen wrote:

wenchbarwer wrote:

Lightning McQueen wrote:I'll cark it 3 weeks before retiring anyway so I'll just take the win if I get there.

Murtaugh, is that you?

I'm being conservative too, Dad, Pop, my uncle and aunty all died at 62, I'll be having a massive 63rd if I'm successful.

Well, now I feel bad about making a death before retirement joke...

Corona Man wrote:I know I am a bit older than most on here, so this topic probably not for everyone...... yet.

While on holiday recently I got stuck into a book, that a mate had recommended - "How to have an epic retirement" by Bec Wilson. I am about 2/3 of the way through, and I must say, it's changed a lot of my previously held ideas about what can be achieved, both financially, but more importantly, in general life in retirement. It's a holistic approach.

I've spent a bit of time pulling together a spreadsheet and trying to work out how much $$ we need to finally pull the pin on this whole working for a living caper. It's provided some clarity for me, and leaves me feeling pretty positive, that we are on track. While "super" will always be subject to geo-political situations, such as Trumpy having the odd brain fart. I've always adopted the longer-term view.

The key folks, is this. Compounding interest.

Understand this, and you are on the road to retirement.

It’s a good topic, and an opportunity/dilemma that all of us will need to face at some point.

There are many possible paths, the thing that shits me are the rules the Govt imposes on super. Once you reach preservation age, then should be able to do whatever you want, instead of the ridiculous fully vs partially retire crap whereby in the first scenario you can do whatever you want but the 2nd one imposes rules and yearly min/max you can take out and forcing you to go on a Transition to Retirement plan.

WTF, it’s my investment, let me do whatever I want at preservation age FFS.

Note that these rules don’t apply to politicians, who can gleefully enjoy a yearly super payment whilst having little or no working restrictions.

Might borrow that book when you're done, if I could?

Booney wrote:Might borrow that book when you're done, if I could?

At about $35 a copy, I think the author is the one having the epic retirement!

wenchbarwer wrote:
Well, now I feel bad about making a death before retirement joke...

No need for that mate, laughter eases all pain.

Booney wrote:Might borrow that book when you're done, if I could?

Borrow... with compounding interest?

Booney wrote:Might borrow that book when you're done, if I could?

Paywall...........

I'm not retiring tried it once before and it was boring

Go to any cemetery and see how many headstones are engraved with “Missed by their fellow workers”?

locky801 wrote:I'm not retiring tried it once before and it was boring

Aren't you doing it again later this year?

Corona Man wrote:

Booney wrote:Might borrow that book when you're done, if I could?

At about $35 a copy, I think the author is the one having the epic retirement!

Ive found it on spotify.

Im counting down the days...

Dutchy wrote:Im counting down the days...

To retirement?

Lightning McQueen wrote:

Dutchy wrote:Im counting down the days...

To retirement?

Its a lot of days at the moment