Tend to agree here.
You have to live a bit as well.
For some of us, 60 is a long, long way away.
Superannuation is very very risky
- Thread starter spartn
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Tend to agree here.
You have to live a bit as well.
For some of us, 60 is a long, long way away.
So_Cynical
The Contrarian Averager
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I remember a post in a non financial forum i post on..theres this guy
wanting advice about retirement.... hes 55.
He quoted a statistic, that out of every 5 men that reach
fifty five years of age, 1 wont see 65....so a 20% chance of
no retirement if u wait till 65.
We talked him into early retirement
wanting advice about retirement.... hes 55.
He quoted a statistic, that out of every 5 men that reach
fifty five years of age, 1 wont see 65....so a 20% chance of
no retirement if u wait till 65.
We talked him into early retirement
Spartn, , Spartn, Spartn you leave yourself wide open, with such negative comments, where do I start.
I worked for 40 years with a large Manufacturing Company, and I must admit we saw a large percentage of employees retire and die within 12 months.
I beleive you are slotting yourself into this category without any help, from anyone.
The thought of dying has a huge affect on my fishing buddy also retired, he walks 5 miles a day to feel like he is doing something to delay the inevitable. Why ??
Is it really in the genes? my mother died at 47 and my father 53 from over work and a neglected heart problem. I retired 1995.
My financial planner lost three quarters of my retirement savings $750k in the tech crash, something that I look on now as a plus, as I now trade for a living, have wanted to earn my own living all my life with a passion.
Now 67 years old and fish competitions and tournaments every week, and with sharing time with my kids and grandkids as well as monthly trips with a group of fishing friends, who in the world has time to think of dying.
A glass of nice red, a few fish in the bag and the sharemarket pays for it all.
Just rejoice in what you have, and what you plan to give & take from the rest of your lifetime
austek
I worked for 40 years with a large Manufacturing Company, and I must admit we saw a large percentage of employees retire and die within 12 months.
I beleive you are slotting yourself into this category without any help, from anyone.
The thought of dying has a huge affect on my fishing buddy also retired, he walks 5 miles a day to feel like he is doing something to delay the inevitable. Why ??
Is it really in the genes? my mother died at 47 and my father 53 from over work and a neglected heart problem. I retired 1995.
My financial planner lost three quarters of my retirement savings $750k in the tech crash, something that I look on now as a plus, as I now trade for a living, have wanted to earn my own living all my life with a passion.
Now 67 years old and fish competitions and tournaments every week, and with sharing time with my kids and grandkids as well as monthly trips with a group of fishing friends, who in the world has time to think of dying.
A glass of nice red, a few fish in the bag and the sharemarket pays for it all.
Just rejoice in what you have, and what you plan to give & take from the rest of your lifetime
austek
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With the advances is modern medical technology and break through treaments, and cures and new medical drugs...those that die young today, will not die young tomorrow.
The mortality age rate increases year by year
I am certain that I will live well beyond 60 years of age.
Just try using one of those death calculators...I reach the ripe old age of 78, and thats living in the city, moderate drinking, sun exposure, driving a car, flying in a plane, stress and lifestyle factors, and a same sex parent dying of heart problems.:
The mortality age rate increases year by year
I am certain that I will live well beyond 60 years of age.
Just try using one of those death calculators...I reach the ripe old age of 78, and thats living in the city, moderate drinking, sun exposure, driving a car, flying in a plane, stress and lifestyle factors, and a same sex parent dying of heart problems.
:
tech/a
No Ordinary Duck
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Some interesting points here.
If you take away the heading the thrust of the topic is that some will not see the distance to retirement,so you could be making financial sacrifice for a longterm gain which may not be realised. For a small minority this will be true.
But at 53 and in the position to retire if I wanted to I'm often asked and have contemplated doing so. I choose a path in between.
Over the years I have placed myself in a position which is MY idea of Superannuation.This to me is INVESTMENT.It has been a conscious plan for 15 years now.
(1) I have some Tremendous Staff, some of my management team worry about my business more than I do.Having a succession plan.
(2) I have built my company and continue to build it in a way that I can step away from the daily operations for extended periods without there being an impact on the P&L statement.
(3) I love the challenge of business and what I have chosen as my specialist field of work and so do those involved in the Company.
(4) I have taken care of my own Super both Property and Shares,this has taken away the concerns I have similar to austek's tragic experience.
(5) I have consciously made the effort to be involved in securing my financial future aside from Super and Core Company.To my suprise this aspect has become a secondary very laid back income generator beyond imagination.
(6) Take time to Jog,Ride and regularly compete in small(10K) running races,just to compete and have a goal,I'm more Cliff Young than Robert Decostella!
(7) Rarely miss an invite for a game of golf on ANY day.
(8) Love travel go away O/S or local whenever I get a chance. For someone who has clocked up over 150 flights and has/had a terrible fear of flying,have to add conquering fears (not all for me yet) as another investment in life.
(9) Enjoy good company and value friends.
(10) Really dont worry about much,prefer to tackle a problem than procrastinate.Another sound investment.
Lastly but by far not most importantly I have funds put aside that cant be touched in the way of freehold asset/trusts so that if all went pear shaped it will be there.
To Kris's (Stop the Clock) remarks above.This is something I dont think many think about.
People are living longer.30 years ago $300,000 was a lot of Money,today its very little.
So retire today at 55 and live till 90 you need to support yourself AND keep ahead of inflation for 35 years!
Personally I've taken the veiw of Passive income to achieve this coupled with a strong capital base.
But most of all and this will sound soppy.I have a truely wonderful partner.
We have a ball!
The best investment you can/will EVER make.
If you take away the heading the thrust of the topic is that some will not see the distance to retirement,so you could be making financial sacrifice for a longterm gain which may not be realised. For a small minority this will be true.
But at 53 and in the position to retire if I wanted to I'm often asked and have contemplated doing so. I choose a path in between.
Over the years I have placed myself in a position which is MY idea of Superannuation.This to me is INVESTMENT.It has been a conscious plan for 15 years now.
(1) I have some Tremendous Staff, some of my management team worry about my business more than I do.Having a succession plan.
(2) I have built my company and continue to build it in a way that I can step away from the daily operations for extended periods without there being an impact on the P&L statement.
(3) I love the challenge of business and what I have chosen as my specialist field of work and so do those involved in the Company.
(4) I have taken care of my own Super both Property and Shares,this has taken away the concerns I have similar to austek's tragic experience.
(5) I have consciously made the effort to be involved in securing my financial future aside from Super and Core Company.To my suprise this aspect has become a secondary very laid back income generator beyond imagination.
(6) Take time to Jog,Ride and regularly compete in small(10K) running races,just to compete and have a goal,I'm more Cliff Young than Robert Decostella!
(7) Rarely miss an invite for a game of golf on ANY day.
(8) Love travel go away O/S or local whenever I get a chance. For someone who has clocked up over 150 flights and has/had a terrible fear of flying,have to add conquering fears (not all for me yet) as another investment in life.
(9) Enjoy good company and value friends.
(10) Really dont worry about much,prefer to tackle a problem than procrastinate.Another sound investment.
Lastly but by far not most importantly I have funds put aside that cant be touched in the way of freehold asset/trusts so that if all went pear shaped it will be there.
To Kris's (Stop the Clock) remarks above.This is something I dont think many think about.
People are living longer.30 years ago $300,000 was a lot of Money,today its very little.
So retire today at 55 and live till 90 you need to support yourself AND keep ahead of inflation for 35 years!
Personally I've taken the veiw of Passive income to achieve this coupled with a strong capital base.
But most of all and this will sound soppy.I have a truely wonderful partner.
We have a ball!
The best investment you can/will EVER make.
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I reckon when your numbers up, your numbers up.
You could be the healthiest person on the planet, and one day step out off the kerb and into the path of a bus, or get killed by an out of control car in a freakish accident.
Life = Risk
Instead of worrying about the inevitable, dont hesitate in saving for retirement. Heck if you were piling money into your super and on course to retiring on a big nest egg, but suddenly drop dead 5 years beforehand, then your not going to be kicking yourself are you?
Even then if your not around to enjoy it at least it goes to your nominated beneficiary (like your spouse or kids for example) so they can use it.
I dont really think about death to be honest. All I wish for is when it is time for me to go that it is not a painful one!
You could be the healthiest person on the planet, and one day step out off the kerb and into the path of a bus, or get killed by an out of control car in a freakish accident.
Life = Risk
Instead of worrying about the inevitable, dont hesitate in saving for retirement. Heck if you were piling money into your super and on course to retiring on a big nest egg, but suddenly drop dead 5 years beforehand, then your not going to be kicking yourself are you?
Even then if your not around to enjoy it at least it goes to your nominated beneficiary (like your spouse or kids for example) so they can use it.
I dont really think about death to be honest. All I wish for is when it is time for me to go that it is not a painful one!
Was your dad tall by any chance?
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