Money magazine Comments - The five numbers you need to plan for your retirement

Comment by russell clarke ()

russell clarke () — Wed, 12 Jun 2019 14:41:26 +1000

hello paul clitheroe i would like to ask you a question about superannuation i would like to know why our super dose not go straight into our accounts the same day we get paid it is our money we have earnt the money its not for the company to make money on our money the goverment has said they should be doing more for our super it can take over a month to 2 months or more to into our super accounts and it would help everyone earn more super it would also help people from losing their super entitlements when a company goes bust

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Comment by cat ()

cat () — Thu, 13 Jun 2019 14:23:58 +1000

What''s the maths equation that got you from 100k per year at 6% to 1.6m? how many years is it paying you that? Can you give me the equation please?

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Comment by Martin ()

Martin () — Mon, 17 Jun 2019 09:03:33 +1000

Cat, it looks like $100k / 0.06 = $1.66m.

You take out $100k a year but since the capital earns roughly $100k a year then you never run out.

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Comment by Trevor Gleeson ()

Trevor Gleeson () — Mon, 17 Aug 2020 14:31:30 +1000

Martin, could you please do an article if you have 1.6m in saving (800k in both Super and shares), how does it work to take 100k out per year tax free and never run out of capital.

Love your articles

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