I'd like all elders past present an emerging to pay their respects to me for giving them a better life and dragging them out of drunken poverty, thankyou. Happy Australia day
is there an upper limit to the TTR account? From my reading it is not limited to Transfer balance limit of 1.9m (current in 2024). In theory if the TTR is set at 3m then one can draw say 4% of it = 120,000 or up to 10% 300,000?
What if you don't want to spend your savings first? And nobody mentions accessing your super at or after 60 in a TTR to use for overseas trips that you can do now that you wont have the energy to do in your late 60,s 70,s? The way I see it if you have more in savings than Super you are better to TTR the super and not draw down your savings, Afterall you can only do TTR until your 65 then it auto goes into a retirement account, If an average 60 year old TTR,s at max 10% they can only ever draw half their super balance in 5 years anyway. TRR advice should really only come from those who can access TTR themselves, Advisers cant really advise if they still have 30 years before Thay can access it themselves because they are not as old in body mind and energy as those in their 60,s. Just my 2c worth
Why wouldn’t you do a TTR at 60 if you’re on a salary where you are in the 30% or more tax bracket. It’s not about access to cash, it’s about leveraging pretax concessional contributions in exchange for a tax free TTR pension. You just sacrifice 1.15 times your TTR pension from your gross salary every month to offset the money you used to set up the TTR. And if you have less than $500k in your super, you can use the previous 5 years’ unused concessional contributions cap amounts. It’s basically free money. Or maybe that’s too complicated for this video.
These acknowledgement already put me off, I watch it because i want info of super, not interested if the host's attitude towards these political views, sge can keep it to herself thanks.
I'd like all elders past present an emerging to pay their respects to me for giving them a better life and dragging them out of drunken poverty, thankyou. Happy Australia day
thank you for your advise and I have learned a lot from you about my retirement plan 👍👍
Thanks for sharing your thoughts
is there an upper limit to the TTR account? From my reading it is not limited to Transfer balance limit of 1.9m (current in 2024). In theory if the TTR is set at 3m then one can draw say 4% of it = 120,000 or up to 10% 300,000?
What if you don't want to spend your savings first? And nobody mentions accessing your super at or after 60 in a TTR to use for overseas trips that you can do now that you wont have the energy to do in your late 60,s 70,s? The way I see it if you have more in savings than Super you are better to TTR the super and not draw down your savings, Afterall you can only do TTR until your 65 then it auto goes into a retirement account, If an average 60 year old TTR,s at max 10% they can only ever draw half their super balance in 5 years anyway. TRR advice should really only come from those who can access TTR themselves, Advisers cant really advise if they still have 30 years before Thay can access it themselves because they are not as old in body mind and energy as those in their 60,s. Just my 2c worth
Why wouldn’t you do a TTR at 60 if you’re on a salary where you are in the 30% or more tax bracket. It’s not about access to cash, it’s about leveraging pretax concessional contributions in exchange for a tax free TTR pension. You just sacrifice 1.15 times your TTR pension from your gross salary every month to offset the money you used to set up the TTR. And if you have less than $500k in your super, you can use the previous 5 years’ unused concessional contributions cap amounts. It’s basically free money. Or maybe that’s too complicated for this video.
These acknowledgement already put me off, I watch it because i want info of super, not interested if the host's attitude towards these political views, sge can keep it to herself thanks.
Woke 🤦♂️