Bretrick
Well-known Member
- Location
- Perth Western Australia
I am rather financially illiterate so when it comes to knowing what to do for retirement money I am at a loss.
I have a question.
Is it better to put extra money into super or keep a moderate bank balance?
Last year I made a voluntary after tax contribution of $27,000 into my super account. This afforded me a $9,000 tax return.
This year I am thinking of doing the same but up to $32,000.
It appears that I can withdraw all my super at retirement age without penalty.
Any advice will help me.
Engaging a financial advisor costs an appreciable amount of money that I baulk at.
Free financial advisors are only available for those in financial difficulties. This is called financial counselling of which I am not eligible.
I have a question.
Is it better to put extra money into super or keep a moderate bank balance?
Last year I made a voluntary after tax contribution of $27,000 into my super account. This afforded me a $9,000 tax return.
This year I am thinking of doing the same but up to $32,000.
It appears that I can withdraw all my super at retirement age without penalty.
Any advice will help me.
Engaging a financial advisor costs an appreciable amount of money that I baulk at.
Free financial advisors are only available for those in financial difficulties. This is called financial counselling of which I am not eligible.
