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where is your super fund, size and ages?

Discussion in 'Other Asset Classes' started by melbourne171, 9th Oct, 2016.

?

Super fund size and you

  1. 0-20K

    6.3%
  2. 20-50K

    11.1%
  3. 50K-100K

    20.6%
  4. 100K-200K

    30.2%
  5. 200K-300K

    7.9%
  6. 300K-400K

    7.9%
  7. 400K-500K

    1.6%
  8. 500K-700K

    4.8%
  9. 700K-1m

    0 vote(s)
    0.0%
  10. above 1m

    9.5%
  1. melbourne171

    melbourne171 Well-Known Member

    Joined:
    7th Sep, 2016
    Posts:
    197
    Location:
    Unknown
    The purpose of this thread is to compare our super fund, size, and ages so that we can know where we are, compared our peers. Accordingly, we can plan for your retirement.

    Please reply in this thread in the following format:

    Fund manager, size, age
    i.e. First State Super, $100K-200K, 32 years old

    Below the the fund size brackets

    $0-20K
    $20K-50K
    $50K-100K
    150K-200K
    200K-300K
    300K-400K
    400K-500K
    500K-700K
    700K-1m
    above 1m
     
  2. pinkboy

    pinkboy Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    909
    Location:
    Mackay, Qld
    SMSF
    Equity of ~$360,000
    33 years old.

    In 9 years 2 months Ill have a CIP worth > $1mil fully paid off, plus generating > $100,000pa income.

    Pretty sure I have retirement well and truely covered.

    pinkboy
     
    charttv, Redwing, trinity168 and 10 others like this.
  3. Famil Man

    Famil Man Member

    Joined:
    20th Jun, 2015
    Posts:
    18
    Location:
    Rockhampton
    Australian Super
    ~$70,000
    25y/o
     
  4. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,209
    Location:
    At work
    QSuper/Amp
    200ish

    My super has very little to do with my plans for retirement, but Ill take the employer contributions thanks very much.

    Currently working up to go CIP in SMSF
     
    EN710 and Scott No Mates like this.
  5. ErYan

    ErYan Well-Known Member

    Joined:
    10th Jul, 2015
    Posts:
    98
    Location:
    Sydney
    Interesting. CIP refers to Commercial property right? Do you have a thread on how to make CIP work in Super?

    Thanks in advance.
     
  6. Greyghost

    Greyghost Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,253
    Location:
    Melbourne
    Im not afraid to say the figure.
    We are all here to learn, not like Facebook where we show the best parts of our lives only..

    I'm 31 and have $56k in super.
    Problem was I worked "cash" in the hospitality industry for all those years growing up and at uni.
     
    House likes this.
  7. EN710

    EN710 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,093
    Location:
    NSW
    28 yo and have about $39k. Didn't get super in the first 2 years of working. I have almost no focus on super as the will be no access for the next 30 years, though i might use it as pactice share account
     
  8. Indifference

    Indifference Well-Known Member

    Joined:
    30th Jul, 2015
    Posts:
    192
    Location:
    Melbourne
    2 funds
    above 1m
    43 y/o

    Sometimes a combination of luck & huge personal sacrifice reaps rewards. Starting work young can also help.
     
  9. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,536
    Location:
    Sydney or NSW or Australia
    Now to pose the difficult question:

    To those with low balances within super - do you have a strategy/think that you will have sufficient funds/investments/cashflow outside of super for your retirement?
     
  10. drg86

    drg86 Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    273
    Location:
    Newcastle
    30k Hostplus investment choice
    30 yo

    Super is no concern for me at this stage as can't touch it for so long. I've chosen higher risk investment choices within super fund. It's low because I work part time.

    I have strategies outside of super. Within 10 years a paid off PPOR, 6 figure rental income and a few mil in equity should see me comfortable. That's doing nothing from current position, if I'm active about it, that will compound faster.
     
  11. pinkboy

    pinkboy Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    909
    Location:
    Mackay, Qld
    My Commercial Purchase.

    This should give you a heads up.

    pinkboy
     
  12. Greyghost

    Greyghost Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,253
    Location:
    Melbourne
    Super will be play money as far as I'm concerned. Not relying on any of it to find my retirement, well that's my mindset anyway.
     
    Phase2 likes this.
  13. austing

    austing Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    905
    Location:
    North Maleny, QLD
    Various structures such as Super, Disc Trusts, bucket companies etc can all work beautifully together. As to their importance at a point in time this will vary depending on the stage of life one is at.
     
    hobo likes this.
  14. peastman

    peastman Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    117
    Location:
    Melbourne
    Interesting some of you have rather large balances and still young. Does it concern you that you may not be able to access your money till your 70 years old. What if you want to stop working before then?
     
    mrdobalina and Blacky like this.
  15. Indifference

    Indifference Well-Known Member

    Joined:
    30th Jul, 2015
    Posts:
    192
    Location:
    Melbourne
    There are exceptions to every rule.... Eg. Public sector funds & defined benefit schemes.

    Also remember that preservation age is 60 not 65-70 as it is for access to some other retirement benefits.
     
  16. Raydar

    Raydar Well-Known Member

    Joined:
    6th Jul, 2015
    Posts:
    306
    Location:
    Newcastle NSW
    SMSF past 2 years rolled in from uni super. 200k... Depending on how the asx is performing. 30yrs.

    Rethinking SMSF but that's a whole other thread.
     
  17. marty998

    marty998 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    125
    Location:
    Sydney
    Australian Super, $112k, 30 years old.

    SGC + Salary sacrifice will add about $90k over the next 4 years. I actually have it invested quite conservatively at the moment - 70% Bonds, 30% Aus equities.
     
  18. trinity168

    trinity168 Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    404
    Location:
    Sydney
    We have a low balance in super, migrated to Sydney 10 years ago so, definitely not depending on what we have in super.

    Planting the seeds in assets in terms of IPs and LICs/ETF.
     
    Observer likes this.
  19. Spoony

    Spoony Member

    Joined:
    17th Aug, 2016
    Posts:
    23
    Location:
    Brisbane
    Interesting thread, until more recent times (hence joining the forum) I hadn't thought much about super and the longer term out look.

    This thread has had me punching some figures in various online super outlook calculators seems to let me know that my super isn't going to be enough, hence looking at other investments for longer term passive income such as property.

    At 38,
    I've got about $80,000 with Cruelty Free Super
    ( an ethical choice based fund that hasn't done to badly, certainly better than the larger mainstream one I had been with)
     
  20. Raydar

    Raydar Well-Known Member

    Joined:
    6th Jul, 2015
    Posts:
    306
    Location:
    Newcastle NSW
    This is an interesting thread to follow. What are people doing in terms of contributions? I currently contributed a total of 24% of my income (personal and employer contributions). This has given my super a boost during my younger years and allowed for greater compounding.
    What do others do? I also at this stage with the SMSF don't focus on the value of it, but more the dividend return that is paid.