In your case, you can put $ 100,000 into a one-year, two-year, and three-year pension, respectively, and roll over to a three-year pension as each matures. Therefore, as the rate rises over time (assuming it rises), you have the option of reinvesting at a higher rate every 12 months for an additional 3 years.
You can extend this policy to non-super managed funds as you appear to be ready to accept fluctuating returns on super funds.
I am a 64-year-old woman, retired and have two adult children. I receive about $ 92,000 in a state retirement pension defined benefit annual pension, have no debt, and own my own home worth $ 1.9 million. I also own two apartments. One is about $ 600,000, the annual income after deducting fees is about $ 16,000, and the other is about $ 925,000 where my daughter lives and can be borrowed for free. I have a $ 225,000 savings in term investment and a $ 300,000 savings in interest-bearing accounts. Before my husband’s health deteriorated, I was doing a casual job. The house needs to be renovated. The estimated amount is about $ 150,000 and the car needs to be replaced. My husband died last year. I need to decide how to receive his Unisuper Indexed pension benefit for $ 19,000 per year, a lump sum of $ 184,000, or a combination of the two. I understand that the best thing to do is to get an indexed pension, as I did at the supermarket. But I’m receiving my husband’s death benefit, so I believe it will stop with me on my death rather than being passed on to my children. Therefore, in my case, I think it is safer to use it for remodeling or new cars with a lump sum payment. I hope to reach maturity, but as I learned from my husband’s death, there is no guarantee. I’m not a risk taker with money. AH
You say you’re not a risk taker, but if you invest, you seem ready to risk more than a relatively small lump sum death benefit that lasts about 10-12 years, depending on your rate of return. is.
However, the average life expectancy of a 64-year-old woman is 24 years, with a 10% chance of reaching 100. To do so, you don’t have to pursue a terribly healthy lifestyle as long as you choose yourself. Parents too. For example, the Queen’s mother reached the age of 101, claiming Dubonnet with daily gin and lemon slices before lunch. Perhaps the annual trip to northern Scotland also helped.
It may be best to receive a CPI index pension for the rest of your life. You don’t have to spend it and you have enough cash for your plan.
If you have any questions about George Cochrane, please send them to Personal Investment, PO Box 3001, Tamarama, NSW, 2026. Helpline: Australian Financial Complaints Authority, 1800 931 678; Centrelink Pension 132 300. All letters answered.
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