Superannuation is very very risky

[spartn]

Hi Guyz

If you ask me, i personally believe that superannuation is very very risky. I don't mean when it comes to too losing your money I mean that you may not even make to you reach 60 years old. Over the past 10 - 15 years. I have not seen any of my friends parents reach 60 years old and retire, they have all passed on, and some of them never smoked and never drank. Most of them work 6 days a week, nearly every week. And they would say that when they retire they would go on a holiday. Are we all doomed to follow the same path of thinking with arrogance that we all will make it too 60??

In the end if you are going to wait to your at least 60 years old, TWO things that are just as important as your superfund manager. these are:

1. Get a nutritionist.

2. Get a personnal trainer at your local gym.

If you don't have these 2 important things, you better not guareentee yourself that you will even make it to retirement.

Spartn

:viking:

 

[krisbarry]

Hi Guyz

If you ask me, i personally believe that superannuation is very very risky. I don't mean when it comes to too losing your money I mean that you may not even make to you reach 60 years old. Over the past 10 - 15 years. I have not seen any of my friends parents reach 60 years old and retire, they have all passed on, and some of them never smoked and never drank. Most of them work 6 days a week, nearly every week. And they would say that when they retire they would go on a holiday. Are we all doomed to follow the same path of thinking with arrogance that we all will make it too 60??

In the end if you are going to wait to your at least 60 years old, TWO things that are just as important as your superfund manager. these are:

1. Get a nutritionist.

2. Get a personnal trainer at your local gym.

If you don't have these 2 important things, you better not guareentee yourself that you will even make it to retirement.

Spartn

:viking:

Your argument is floored...most of the longest living people on this earth drank alcohol everyday in moderation, and never worked 6 days a week.

 

[krisbarry]

My Dad worked his ar_se off 6 days a week and dropped dead at 53 years of age, it ain't worth doing that. I live my life exactly the opposite to my Father...he was a very poor role model.

 

[nioka]

In the end if you are going to wait to your at least 60 years old, TWO things that are just as important as your superfund manager. these are:

1. Get a nutritionist.

2. Get a personnal trainer at your local gym.

If you don't have these 2 important things, you better not guareentee yourself that you will even make it to retirement.

Spartn

:viking:

Utter rubbish. I'm 75 and had neither. I know a lot of people who made no plans for beyond 60, got there and are telling me that I'm lucky to have what I have. THERE IS NO LUCK there is planning.

 

[nioka]

My Dad worked his ar_se off 6 days a week and dropped dead at 53 years of age, it ain't worth doing that. I live my life exactly the opposite to my Father...he was a very poor role model.

So what. My father died at 32. When I passed that I took every day as a bonus and I hope I have a bonus or two to come yet.

PS. Think of those you leave behind if you don't make 60. A wife and kids will remember you better if you have not left them without a home and some comfort.

 

[Nick Radge]

You're topic header is flawed. Anything and everything would be deemed risky according to this argument. Saving money in a CBA account is deemed risky because I may not make tomorrow...

I'll have what nioka is having...

 

[explod]

My Dad worked his ar_se off 6 days a week and dropped dead at 53 years of age, it ain't worth doing that. I live my life exactly the opposite to my Father...he was a very poor role model.

My Dad beat yours, worked his **** off too and 51 was his score.

I am behind them both at 61, have a DYO Super and trade 1 third on the market very satisfactorily.

My take would be to save, trade, speculate, acumulate by using your head and when you get to 60 you wont' need Super. But if you look like carking in a bit early you can have a bloody good time doing it.

 

[juw177]

Wow I am feeling quite young here.

 

[nioka]

Wow I am feeling quite young here.

Make the most of it. It won't last. EVERY DAY GOES FASTER THAN THE ONE BEFORE IT. (That's another thought for the day.)

 

[Julia]

I'll have what nioka is having...

Me too.
It probably has more to do with genes than anything else.
My late father drank alcohol moderately, smoked for quite a few years, and ate all the saturated fat he could find and was still physically healthy in his 90's. His mother died at 105.

 

[krisbarry]

Me too.
It probably has more to do with genes than anything else.
My late father drank alcohol moderately, smoked for quite a few years, and ate all the saturated fat he could find and was still physically healthy in his 90's. His mother died at 105.

Yep spot on...genes will define the majority of age an the onset of illness. Sure enviroment plays a part, but if you have the right genes that can fight off the diseases of life then your more than half way their. So Genes are far more imporantant imo.

 

[jonojpsg]

Make the most of it. It won't last. EVERY DAY GOES FASTER THAN THE ONE BEFORE IT. (That's another thought for the day.)

Here's one for you then - does each day go faster because it becomes a smaller proportion of your life, eg today is 1/12000 of my life whereas tomorrow will be 1/12001?

 

[nioka]

Here's one for you then - does each day go faster because it becomes a smaller proportion of your life, eg today is 1/12000 of my life whereas tomorrow will be 1/12001?

I guess it is all in the mind but any oldie will tell you the same thing. Maybe it is because we generally are so busy having fun that we don't notice the time going by. Maybe it is because it becomes a smaller portion of your life. Regardless of all that today is the first day of the rest of your life so make the most of it. I'm sitting bere waiting to go fishing, it's raining which is good for the garden but it stops me being out there at the moment. I've filled in the time buying a few MHL at 3.3c and watching ASF for a tip or 2. The day will be gone before I know it.

 

[Ageo]

In the end if you are going to wait to your at least 60 years old, TWO things that are just as important as your superfund manager. these are:

1. Get a nutritionist.

2. Get a personnal trainer at your local gym.

If you don't have these 2 important things, you better not guareentee yourself that you will even make it to retirement.

I see, so what your saying is having a personal trainer and a nutritionist is going to make me live longer? if thats the case 90% of Europes population should die before 60.

Nice theory

 

[Happy]

It is possible to live and self admisiter exercise and diet, like Self Managed Super.

 

[Judd]

Life is risky. So live with it.

 

[Smurf1976]

I'm sitting bere waiting to go fishing, it's raining which is good for the garden but it stops me being out there at the moment.

Sorry to break this to you nioka, but the fish really won't mind getting wet in the rain.

As for super, the biggest risk IMO is that of the government changing the rules. It would be bad enough if they had changed once since Keating's days. But there have been so many changes that just makes it a joke. You just can't trust the government not to limit access until you're a hundred. And that's a situation that won't change whether it's Labor, Liberal, Green or whoever making the rules.

 

[YELNATS]

As for super, the biggest risk IMO is that of the government changing the rules. It would be bad enough if they had changed once since Keating's days. But there have been so many changes that just makes it a joke. You just can't trust the government not to limit access until you're a hundred. And that's a situation that won't change whether it's Labor, Liberal, Green or whoever making the rules.

Yes, but how many of these changes have not been favourable to superannuants?

With the rapid ageing of the population, hasn't the federal goverment (both Liberal and Labour) recognised that they can't support all retirees on government pensions any more and therefore encouraged superannuation in its' various forms?

 

[nioka]

Sorry to break this to you nioka, but the fish really won't mind getting wet in the rain[/QUOTE}
Ah but you do have to wait for the tide. Remember a bad days fishing is better than a good day at work. The wind came up, a hail storm with it too. Tomorrow is another day. It's like the share market, you can't win them all. I did get a couple of mud crabs and a bag limit of bream a couple of days ago so I wont complain.

 

[Pat]

Hi Guyz

If you ask me, i personally believe that superannuation is very very risky. I don't mean when it comes to too losing your money I mean that you may not even make to you reach 60 years old. Over the past 10 - 15 years. I have not seen any of my friends parents reach 60 years old and retire, they have all passed on, and some of them never smoked and never drank. Most of them work 6 days a week, nearly every week. And they would say that when they retire they would go on a holiday. Are we all doomed to follow the same path of thinking with arrogance that we all will make it too 60??

In the end if you are going to wait to your at least 60 years old, TWO things that are just as important as your superfund manager. these are:

1. Get a nutritionist.

2. Get a personnal trainer at your local gym.

If you don't have these 2 important things, you better not guareentee yourself that you will even make it to retirement.

Spartn

:viking:

Saving for your retirement is a wise decision, wether you do it through super or not. The govt makes us save through super to some extent. So we've got no choice there.

My Dad worked his ar_se off 6 days a week and dropped dead at 53 years of age, it ain't worth doing that. I live my life exactly the opposite to my Father...he was a very poor role model.

Poor?
That isn't a poor role model, an inspiration to a lazy generation if you ask me, I do agree that all work and no play makes johnny a dull boy, but we need to work... I work to live, not live to work.
So I guess your a bum then Kris? What are you doing posting on ASF? Research? Sounds like work to me.