where is your super fund, size and ages?

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

 

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

 

Australian Super
~$70,000
25y/o

 

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

 

Interesting. CIP refers to Commercial property right? Do you have a thread on how to make CIP work in Super?

Thanks in advance.

 

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.

 

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

 

2 funds
above 1m
43 y/o

Sometimes a combination of luck & huge personal sacrifice reaps rewards. Starting work young can also help.

 

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?

 

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.

 

My Commercial Purchase.

This should give you a heads up.

pinkboy

 

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.

 

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.

 

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?

 

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.

 

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.

 

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.

 

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.

 

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)

 

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.