daniel_callahan@jlai.lu to Australia@aussie.zoneEnglish · edit-22 days agoCameron Upton doubts he’ll ever reach $3m in super. So how do young people feel about Labor’s plan?www.theguardian.comexternal-linkmessage-square4fedilinkarrow-up19arrow-down10
arrow-up19arrow-down1external-linkCameron Upton doubts he’ll ever reach $3m in super. So how do young people feel about Labor’s plan?www.theguardian.comdaniel_callahan@jlai.lu to Australia@aussie.zoneEnglish · edit-22 days agomessage-square4fedilink
minus-squareNath@aussie.zoneMlinkfedilinkEnglisharrow-up6arrow-down1·2 days agoThree million?! Who the hell has that much? At that point, 5% interest will give you an annual salary of $150k. You can comfortably live off that and never touch the Three Million!
minus-squarepsud@aussie.zonelinkfedilinkEnglisharrow-up1·18 hours ago150k won’t be so much in 50 years of 4% CPI
minus-squareNath@aussie.zoneMlinkfedilinkEnglisharrow-up1·9 hours agoUnless you are a teenager, you’ll be retiring far sooner than 50 years. Less than 20, for me (hopefully).
Three million?! Who the hell has that much?
At that point, 5% interest will give you an annual salary of $150k. You can comfortably live off that and never touch the Three Million!
150k won’t be so much in 50 years of 4% CPI
Unless you are a teenager, you’ll be retiring far sooner than 50 years. Less than 20, for me (hopefully).