If you retire - what is your income per annum as a family unit?

Discussion in 'Accounting & Tax' started by sash, 29th Dec, 2016.

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If you are retired what's your gross income pa for your family?

  1. Under 25k - living at the breadline

    4 vote(s)
    7.5%

  2. 25k - 40k - doing okay

    4 vote(s)
    7.5%

  3. 40k - 55k - comfortable

    6 vote(s)
    11.3%

  4. 55k - 70k - retirement is nice and comfy

    3 vote(s)
    5.7%

  5. 70k - 85k - living well

    2 vote(s)
    3.8%

  6. 85k - 100k - its all apples

    6 vote(s)
    11.3%

  7. Over 100k - living the dream

    28 vote(s)
    52.8%
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  1. Richard Taylor

    Richard Taylor Well-Known Member

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    Have you been upto Indooroopilly GC on a Monday to Friday lol

    Everyday seems to Seniors Day.
     
    Richard Taylor, 2nd Jan, 2017
    #141
  2. Beano

    Beano Well-Known Member

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    T
    That's the difference ...people who invest vs people who don't
     
    Beano, 2nd Jan, 2017
    #142
  3. sash

    sash Well-Known Member

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    Yep....issue is how many of these people are relying on defined benefit pensions...
     
    sash, 2nd Jan, 2017
    #143
  4. Angel

    Angel Well-Known Member

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    That is why i was surprised you referred to "Senior's Day" at a golf club.:)
     
    Angel, 2nd Jan, 2017
    #144
  5. mrdobalina

    mrdobalina Well-Known Member

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    there's more to life than working
    Retiring doesn't necessarily mean you're sitting at home twiddling your thumbs or at the RSL club miggling with the senior citizens. For me, it means untieing the shackles of having to go to a 9-5 job each day, and having the freedom to pursue your passions.

    Put on a suit and go to the office? No thanks. I'd rather play footy with my kids and teach them about black holes. I'd rather take them to explore the national parks and snow capped mountains in Canada. I'd rather go to Germany and run the Berlin Marathon.

    Tap your imagination and pursue your passions.
    Or... if you love it so much... keep grinding away at a 9-5 job.
     
    mrdobalina, 2nd Jan, 2017
    #145
    MyDarlinghurst, truong, josh123 and 5 others like this.
  6. euro73

    euro73 Well-Known Member Business Member

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    Well, I do have that Irish heritage. My company is called Hibernian , after all :)
     
    euro73, 3rd Jan, 2017
    #146
    MTR likes this.
  7. TreeChange@50

    TreeChange@50 Well-Known Member

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    We're a way off retirement yet but that aligns with my thinking.
     
    TreeChange@50, 25th Jan, 2018
    #148
    kierank likes this.
  8. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Before tax. After tax. Super or not. Tax offsets?
     
    Paul@PAS, 25th Jan, 2018
    #149
  9. sash

    sash Well-Known Member

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    I thought you can't take the Aussie pension out of OZ..and there is a requirement to be in OZ for most of time?
     
    sash, 26th Jan, 2018
    #150
  10. L3ha7

    L3ha7 Well-Known Member

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    Any opinions on when to start structuring and who to involve?
     
    L3ha7, 26th Jan, 2018
    #151
  11. sash

    sash Well-Known Member

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    What about medical care..what I you get sick?

    As people age...access to specialists is a real need?
     
    sash, 26th Jan, 2018
    #152
  12. sash

    sash Well-Known Member

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    I am involving me....myself and I...
     
    sash, 26th Jan, 2018
    #153
    L3ha7 likes this.
  13. L3ha7

    L3ha7 Well-Known Member

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    You are running the show @sash
     
    L3ha7, 26th Jan, 2018
    #154
  14. sash

    sash Well-Known Member

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    I the CEO...CFO...in otherwards no middlemen....
     
    sash, 26th Jan, 2018
    #155
    L3ha7 likes this.
  15. Biz

    Biz Well-Known Member

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    Personally I couldn't do it. Those countries have some nice places to holiday for a week or two but the overall **** hole facta is too high.
     
    Biz, 26th Jan, 2018
    #156
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  16. sash

    sash Well-Known Member

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    I agree...nice for even a couple of months...but to retire...i you get seriously ill outside of places like maybe Thailand, Malaysia...you will be stuffed.
     
    sash, 26th Jan, 2018
    #157
  17. sash

    sash Well-Known Member

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    You biz in OZ how da youse manage that?
     
    sash, 26th Jan, 2018
    #158
  18. Jack Chen

    Jack Chen Well-Known Member

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    How does this differ to a family discretionary trust?
     
    Jack Chen, 26th Jan, 2018
    #159
  19. sash

    sash Well-Known Member

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    The ya need to reduce your fees also.......
     
    sash, 26th Jan, 2018
    #160
    L3ha7 likes this.
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