Money magazine Comments - Ask Paul: Is it time to sell our investment property?

Comment by Robyn van Stom ()

Robyn van Stom () — Thu, 27 Apr 2023 14:45:29 +1000

I am 82. MyySuper fund returns for the Balanced Option have been poor over the past few years. The mandatory 7% drawdown will come into effect end of June 23. Would I be better off withdrawing a large amount and putting it into Term Deposit which would earn much more even at 4.5%. I realise that earnings are tax free for Super drawdown but I will be forced to drawdown funds which have poor returns anyway and am too old to wait for the market to recover whenever - years?

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Comment by Debbie Aston ()

Debbie Aston () — Fri, 12 May 2023 23:28:34 +1000

I am just 70 and single, having just moved from the UK. I could really do with some advice. I need another income flow. Where should I invest 300k ?

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Comment by Manny Jardim ()

Manny Jardim () — Sat, 13 May 2023 03:49:48 +1000

I would like to see Paul s and reply

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Comment by Money magazine ()

Money magazine () — Mon, 15 May 2023 09:14:05 +1000

Hi Robyn,

Unfortunately Paul Clitheroe is unable to respond to questions posted here in the comments.

Please click here to submit your question to Paul: https://www.moneymag.com.au/contact

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Comment by Money magazine ()

Money magazine () — Mon, 15 May 2023 09:40:11 +1000

Hi Debbie,

Unfortunately Paul Clitheroe is unable to respond to questions posted here in the comments.

Please click here to submit your question to Paul: https://www.moneymag.com.au/contact

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