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The first $100k is usually the hardest to save and invest. The next $100k will be easier and the next $100k will be easier.

If possible, can you please do a similar video for Americans who live in the United States? Thank you so much for your educational videos.

Yep I am another who was initially interested but I stopped the video the moment you trotted out the woke ‘welcome to country’. I don’t need to be welcomed to my own country and u probably don’t even know why you are saying it. Sorry but you’ve lost me.

You Can do without the virtue signalling it means nothing .

Australia age pension system is very unfair to retirees! In my opinion, it is foolish for the government to be crying about the national housing shortage and rental crisis, the skilled labor shortage! and they don't have a quick fix solution! …They should think deeply about providing a much fair system for the hard working retirees! After all, the retirees have spent their whole lives to build this country, and they only have 20-30 years to live a decent final journey of life. The government and this country are eternally grateful to them, and the way you treat today's retirees is how you will be treated in the future. Respecting them today is respecting yourself in the future. The government should make the system very simple and easy for retirees, so that retirees will not have to heavily rely on professional financial advisors to take care of their life savings due to facing a very complex and difficult to understand retirement system, which has led to many retirees being scammed. The government should adopt a universal pension system, and the maximum limit of government pension payments will remain unchanged, but the upper limit should be $100,000 per year, which is also based on the government's suggestion that hard working retirees could live a comfortable standard of living. By doing in this way, the government will not either lose nor increase any age pension payout, but it will benefit the government, the country and retirees. If the government's upper limit is $100,000, by useing a couple as an example, for a couple, the government's current maximum age pension is $42,000 per couple. To get $100,000, that is, a gap of $58,000, these couples can do following 1). return their rich assets back to the economy in various forms, instead of spending them all (many retirees actully spent their money on foreign economies, such as traveling....there is little help to the local Economy), or giving their assets to their children without flowing into the economy. Retirees can actually do the following if the government gives them a more relaxed age pension policy a) Reinvest assets into the economy instead of spending or giving them away. If they buy a house, they can immediately solve the current housing shortage problem. If they invest in a business, they can immediately help the country's employment... These actions do not require waiting for a long time for government red tape funding approval as they do now. b). If those older and most skilled retirees choose to return to work and earn extra income, they can return their skilled skills to the labor market and alleviate the current labor shortage that needs to be solved by a large number of immigrants.

Yep….turned at the woke thanking

Thank you, Robert, for this video. I have two kids and they are in middle school right now. These are great tips and I will implement them. I also want to help them to set up Roth IRA accounts.

Thank you for expressing the gratitude in the beginning of the video. It is similar to paying respect to the common ancestors of humanity.

Thank you for this wonderful video, very inspirational and educational.

Great advice!

Now make the same videos but assuming your renting at retirement and you only have your super and a car. No hand waving and shrugging it off with rent assistance. Then you'll actually have a unique video that nobody else covers. I assume take that $52000 and add $750 per week (median rent in perth) take off $200 in rent assistance (i doubt it's that much...) and your looking at $80600 per year. Now reverse that and tell me how much in super i need at 67. From what i can tell if you have that much super , taking half super and buying a house outright makes more sense because it reduces your age pension assessed assets and you gain the full or substantially amount if the pension. How does this come about. Getting divorced in your early 50's and loosing your house to your ex, and supporting children you had in your mid fourties until your in your mid 60s. And between rent, child support and a single income being unable to get a deposit for a loan.

Interesting

Fake people,e-

Unfortunately it is much easier to work longer , part time when you are in a non manual work environment

I fully intend to stay in my own disabled home which we built for my wife who had MS. She has since passed. I retain everything. No fees to pay and I receive ALL the capital gain.

I am just going to stay in my own home. I own it. I or my estate get all the capital gain. We built this as a disabled home to help care for my wife who had MS. She has now passed. Everything I could need in the future is here. I just have to maintain it and I get help to do that. Its all good.

I turned off when he started on the Acknowledgement of Country.

I wish you could help him😊

Hello, investor Motivation I am the CEO of the upcoming game studio Mozofyl studio and we are focused on changing the gaming industry to another level. We have been looking for an investment deal but we found one so we want to know whether you can help us!

Geez anti woke butt hurt people on here 😊😂

You lost me with your woke garbage. Keep your beliefs to yourself

re lump sum : its sooo easy to do... seriously anyone can do it and if you have any dramas just call your super fund and theyll help you... really its worth doing it once just to see how simple it is.

Good sound advice. Thanks. That’s exactly what I’m doing.

Great work guys ;) Ignore the keyboard warriors with their pants around their ankles.... this is great stuff. are you able to do a single person at 60?

Thanks guys very clear advice for us Aussies, keep up the work! I'm looking at retirement soon with $700K super- couple I'm just turning 60yrs, but i agree with your estimate of later one partner from 85yrs is likely and greater pension. I may return to work part time in the future to boost cash flow if its a problem also possible inheritance may help as well. I believe Gifting to children lump sums will count in assets test within 5x yrs of applying for pension.

Better stay single and have children sharing your house, which in turn shares expenses.

Next time you want to do that woke acknowledgement crap, don't forget to acknowledge the people who were brought here kicking and screaming against their will for crimes that would today be punishable by a fine or community service. Actually, it's the first nations people who should do that but I've never heard of it being said by them.

Rather than guarantor, I’m gifting the house deposit amount for my daughter just to help her out.

If I known I would not invest the way I did. I INVESTED JUST UNDER $400,000 and did not relies that I would loss $11,423.30 from $29,023 pension annual, leaving me with $17, 423.30.This is because previous government put a ASSETS TEST on your investment, it is a discrimination against anyone who what to feel comfortable in their retirement. At the sametime you can put (say $400,000) in a FAMILY TRUST FUND and still get the pension "because " you now have nno or little money. But at the sametime your family will assist you in anything you need. Therefore you pension becomes more a comfortable amount to live, giving that extra cash to do with it.

You lost me the instant you started that woke bull$hit. The vast majority of us don't want to hear that garbage.

Cut out the wokeness. We live here and this is our country... we dont need to be welcomed to it!

People who have superannuation. The assets test can drop your pension up to 40%. I on the pensioner I invest below $400.000 as a independent investor. The government reduced my pension from $29,023 to $17,423.30 . This also means my fortnightly pension reduced from $1,116 to $670.05. This is a sign that the government favours pensioner who with their families be part of a FAMILY TRUST FUND with the just under $400,000 and still receive the full pension. This favourite all over assistance the wealth off when it first started. Not expecting those from average person, time has changed. More people can sale their home now and invest either independent (single pensioner) or join with the FAMILY TRUST FUND. So why the division.

It's not only the money they get it's vall the other benefits eg power bills ,rego, medical, dental, even hearing aids . Where as i don't receive one cent of government assistance. Because i planed but i am not rich 750000goes quickly but as soon as i can i will be getting everything im entitled to.

You only get to sell the farm once. Let’s get it right and make retirement awesome!⠀ ⠀ Upcoming Selling the Farm Webinar ~ Wednesday 28th August @ 2pm⠀ bit.ly/4doYqky⠀ ⠀ Can't make the date? Register for the webinar and we'll email you a recording after the event for you to watch in your own time 📨

Please ignore the ignorant, hateful, racist comments posted here. Very disappointing

Fantastic

Woke!

Hey i understand the in theory benefit of transferring or loading up the super of the young person as it keeps it away from the asset test of older person. But if the young person is still working wont u miss out on the pension anyway due to that?

So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?

It would be good to receive some scenarios printable.

Clear enough..good info

Lost me at welcome to country bullshit!

Heyaa, loved the energy🙌! I'm not really sure if it is the best time to ask but, I was wondering if I could help you create a better distribution by working on post-production like better storytelling through Edits, Keywords, think catchy intros and outros, or even some engaging short clips! Would love to chat if you're interested and keep creating good content:)

Where I live you need at least 3 times that. The cost of living in Canada is quite high.

So a couple with $650K in super, who own their house (but no other assets) retire at 60 - they ‘ withdraw’ from super $45K yr indexed - all good?

I am looking for ways to optimize my Age Pension entitlements while ensuring legal compliance, I have heard from CZcams channel which is to move my super to my younger spouse in order to legally hide money from Centrelink Age Pension. I already at Age Pension age while my partner is several years away. I just want to found out for Centrelink purposes, will this action (withdraw super as a lump sum and make non-concessional contribution directly to my spouse’s super account) to be seen as Gifting? Thanks for your kind advice.

Paying your "contrived respects", then as financial advisers you actually support and at times encourage clients as Investors to OWN Australian Property as an asset class, LOL; divisive & hypocritical! Perhaps stick to your lane!

Very open discussion, I'm 56 and retired and very active my wife is 41 and working full time and loving her job. So, for me I do heaps of activities every day and we travel when she gets leave. So, I’m feeling fulfilled in retirement and still travelling when we can and my wife enjoys her life working. The other thing is I maintain and do 95% of the household duties. So that way when my wife gets home from work tired etc, we can relax together rather than doing chores. This has avoided the risk of been jealous because I am retired. She sees the benefits of relaxing once she gets home and the fact, I am happier.

Just listen to their advice & stop complaining about traditional custodian acknowledgement. It’s costs you nothing to listen, and the majority of retirees need all the help they can get.

Very disappointing that you had to start this with a mindless welcome to country. This is corporate box ticking and extremely irritating. The land you operate on is owned by either yourselves or your landlord. The indigenous people haven’t done anything for your land or your business. Your company has done it all! Rant over!