Retirement is getting tougher for Australians, with 38 per cent struggling financially

The ideal is enough income to cover debt and lifestyle
Buffers are great safety nets, always a must

Bring on the gravy train.... property is booming everywhere

 

Happy days indeed

 

That is not ideal, it is mandatory.

As well, one must have surplus income and cash reserves to handle the unexpected.

That is why I posted:

So it doesn’t matter if this occurs:

Just ride it out.

 

Its just logic, if you dont have enough income to support debt/ lifestyle then your royally screwed..... there is always the pension

Not everyone can ride it out that’s the point and why some investors may have to sell???
It happens all the time .... that’s why we see fire sales in boom/bust cycles

i dont like the idea of increasing debt to service debt. Much better if income from assets covers everything. Comes down to your risk profile I guess

 

These people fall into this category:

I certainly wouldn't place them in this category:

 

Not with you here, non comprendo???..... so that means everyone who has a loan against an asset on PC that’s probably. 99.9%

 

We are talking retirees, aren't we?

 

just remember both the pension and super fund rules have goalposts in shifting sands

i formally retire ( aged pension ) at the end of the year ( unless the rules change again )

tick , tick , tick

 

well there was a trend to URGE retirees to take on a reverse mortgage , the virus MIGHT have deterred some from that .. no world cruises to splash the cash on currently

i didn't say that trend was wise , just several urged such an idea

 

Any plans for retirement?

 

or worse still , reverse mortgage and throw the cash at the share-market

 

Reverse mortgages......Ponzi scheme

 

Still non comprendo
???? most on PC should retire with no debt, yet everyone on this forum leverages so they can grow asset base

 

survive until March 2022 , so Abbott Laboratories will have at least on survivor for their experimental device ( the FDA extended the trial to five years with a hint of seven years )



the trial was initially for three years but the unanticipated higher mortality rate compared to the competitors ( and earlier versions ) in the first three years caused
A. the manufacturer to withdraw the product , and launch version IV
B. the FDA to realize they had to study the technology more closely

my mum called me 'the voice of doom' when i was six , it is probably too late now to re-badge as an optimist ( and my pessimism makes me money so don't feel inspired to change

 

am very much against debt obligations when you are over 60 ( or anytime you can swing to debt free , )

sure there will be a super-compelling reason to take on debt ( say your first home or your home-business )

but the economic climate currently is so tricky ,

income stream is king for me currently

 

Yes, income stream in king/queen. SANF

 

It's 2021 for gods sake. We need more gender binary options.

 

Ok .......you can add more if you like......

 

I wouldn't say 'leverages so they can grow asset base' in retirement it is more about 'holding leverage' for tax advantages, at least in my situation and still not in retirement phase but more towards exit strategy.

 

i was going to say ace , but am not sure how many tennis fans or gamblers are on the forum