The Property Couch 537 | Is Your Super Enough to Retire On? The Top 5 Finance Questions – Answered!
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Mar 13, 2025 Wonder how much superannuation you need to retire comfortably? Discover insights on savings accounts and the importance of a good credit score in Australia. Learn about debt recycling and how compound interest can work in your favor. Plus, hear about critical rental law reforms that affect both tenants and property owners. The hosts also share their upcoming book and webinar aimed at helping you retire on $3,000 a week, packed with tips for financial independence!
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Retirement Wealth Using Rule of 25
- The Rule of 25 estimates retirement wealth by multiplying desired annual income by 25. - For $3,000 a week income, you need about $3.9 million in today's dollars excluding your home.
High Interest Savings Account Advice
- Use high interest savings accounts for emergency funds or short-term savings without mortgage debts. - Avoid fees and check accessibility and government guarantees when choosing an account.
Mortgage Offset Beats Savings
- If you have a mortgage, use an offset account instead of a high interest savings account to reduce interest costs. - Invest for long-term wealth creation rather than relying on savings alone.
