What To Do With Your Super at Retirement: 3 Options #Superannuation #RetirementPlanning #retirement

Great video thanks

Please make a video on what happens to your Superannuation fund in an economic disaster, like a depression.

You didn't cover the centrelink implications for option 3(withdraw all your super )😢

I don’t know what to invest in if there is an economic collapse. A lot of people are saying there will be an economic depression in 2032. How safe is our superannuation fund in a depression. What do we need to do to protect ourselves?

This was very useful. Thank you.

Show me the Money...

Can you still add to your super if you are retired and have an account based pension, and/or leave it in an accumulation fund?

SMSF advice for 54 year old would be nice.

I’m going to withdraw it all out at 60 and put it into gold as the economy is going to collapse because of all the immigrants taking our jobs.

My current superannuation fund is below $1,900,00.00 If I sell a investment property, not my principal place of residence, can I place funds into my super fund both utilising the $300,000 concessional down sizer provision and also the non concessional $120,000 provision including the bring forward 2 years ability of an additional 2 x $120,000. Thereby potentially in one financial year topping my super fund up a total of $690,000, (30K concessional, 300K downsized & 360K non concessional).
What will be the tax implications.

take it out in a lump sum and hide it--- then get the pension, youve earnt it

Useful, thanks Chris & for the email replies from time to time.

I like the account pension, with no tax, but flexibility of investment option.
👍

Question: my Super calculator says i will have just over $1m if I retire at 67. With an incone of 55K pay year it will last me close to 40 years (whoch i probably wont live that long). I plan to retire at 60 (almost 48 now).
Building a home for the family atm which will mean i have a 300K loan that i probably wont pay off in 12 years.

1. Is it better to take a lump sum once retired to pay off the loan or...
2. Add a little extra to your super income stream to accomodate loan repayments (as money will stay in Super longer snd still benefit from compound interest.

Im sure there are many people these days that are or will be in a similar position.

At what age should you reconsider your Super being in Growth option and putting it in something more Conservative? Before retirement age.

People my age retiring have hit the jackpot for doing nothing. For 30 years we have ridden the wave of debasement of our currency and ridiculous housing bubbles. We are in the throws of what economist in history called the crackup boom. This is where the prices of everything, especially asset prices get out of hand. Everything is at all time highs.
Baby boomers take your ill gotten gains at the expense of your grandchildren and go buy some gold for them. This illusion of having more zeros on the end of your account is a government trick, that has been perpetuated on its citizens through all of history

Take out lump sum, buy Bitcoin, win.

Think it’s easier to just keep working all this retirement stuff is boring

I retired in July of this year and opted for option 1 with a mix of balance and growth until i turn 67.then i will choose a more conservative

Go to Thailand to retire 😂

I’m 62 and just retired, but I’m unsure what to do with my super. I’ve heard of options like keeping it invested, taking a lump sum, or starting a pension stream. But with inflation and market volatility, I’m scared of making a mistake.

thanks chris! you really are a super guy!😍

How much super do you need at 60 gor a good life

For information only...look at the Vanguard Life cycle superannuation information

Thankyou for the wisdom and time taken to help us with all the issues concerning our retirement

Please suggest any Australian Tax update giving channel names.

Help please, is there a calculator that works out how much you need as a couple if you retire at 60yrs old and wanted to spend say $150,000 per year from 60yrs old for 10 years and then $100,000 per year from 70yrs old to say 90yrs old, any help would be greatly appreciated; thanks

Help please, is there a calculator that works out how much you need as a couple if you retire at 60yrs old and wanted to spend say $150,000 per year from 60yrs old for 10 years and then $100,000 per year from 70yrs old to say 90yrs old, any help would be greatly appreciated; thanks

I understand Centrelink is involved when deciding to retire early for access to your super. Is this personal income assessed or household income assessed??????

Thanks Chris 😊

Hi Chris, another good one.
Q. If I transfer a portion of my super balance say 70% to a pension based account, is the minimum annual withdrawal amount is calculated on the balance in that account? Say for example 4% pa on that 70% I transfer to the pension based account? Thanks

Hi Chris
Great content thanks very much.

What happens if at age 60, I start a tax free income stream, but 6 months later get bored and go back to work.
Does it reset the super, or does it lock that portion and keep paying the income stream, and tax free earnings?.
Cheers Leon

Good day Mr god guy! I'm 66 years old and still working. Currently we're building anew home in which we're going to live in during our retirement. It's true bank finances, this year we're planning to sell the house we are currently living and paying off the house we are building, and use what is left on the equity. Is that affect our situation in receiving the age pension. What do you think of our situation. Thanks and merry Christmas .

What about defined benefit super?

Thanks for all your videos. They have been most helpful in understanding and making decisions about my future retirement options.
Big thanks

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

My Super is tied up in Crypto for the past 9 years,,,Beautiful

Have you forgotten something? When you retire (67+) and get the Age Pension, is is my understanding that money received under the tax-free Income Stream arrangement is viewed by CLink as income (in addition to deeming income on asset balance) and this will affect the amount of Pension you receive. True?

Hi Chris. Love your videos & advice. If I may, I have a question. I'm retired & now drawing a monthly pension from my superannuation account. All seems to be going well. My question: when I die, what will happen to my monthly pension & the account balance? My wife is my nominated beneficiary. Thanks.

As a soon retiree, keeping my 401k on course after a rocky 2024 is top priority. I have been reading of lnvestors making up to 250k ROI in this current crashing market, any recommendations to scale up my ROI before retirement will be highly appreciated.

Thanks Chris, another great video. If I retire at 60 with no intention of returning to work and take all my Super out as a lump sum but then take a part time job within the same financial year, will the lump sum be included as taxable income?

Interested to know with pending global/Aussie recession, whats your advice other than putting super into a conservative options to live off of?

So if you move your super into an account based pension how different are the returns, I assume the returns are much lower ?

Does AustralianSuper offer Annuities? Which Super offer Annuities?

Hi Chris, If my 72 yo partner is on a small pension (as we are just under the Asset limit test) and myself at 62 yo move some money from my Super A/c to a Pension A/c, this now becomes assessable in our Assets test for his pension test.
If I leave in Super A/c it isn't assessable as I'm under 65.
Have I got this right?

Useful info thanks. I'm retiring early 2026. I have a preserved State Super (NSW) super account, and another that was set up when I went into the private sector. Should I roll the State Super one into the private account, or have I waited too long? I assume I can roll over after my retirement date?

thanks for the video and info, can you please tell me if you decide to cash out all your super at retire, is there any tax to pay

You do what you want with your money. I'll do what i want with my money.

What happens if you DIE and no body notifies the SupaFund for ...like ... 20 years?
Does it just continue to accululate?
This is a serious question,