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Tuesday, 4 September 2018

Transitioning to retirement - well maybe

The question of retirement in Australia has been made all the more difficult by the poor policy decisions of the Turnbull government to change superannuation strategy for the purpose of budget repair.


Let's not forget that the idiotic policies of the Rudd and Gillard governments led us down this route of fiscal instability where budget repair is now required to return the budget to surplus and start paying back the mountain of debt now accumulated. In 11 years when I turn 60, will I be able to transition to retirement?

These idiots running currently running the country seeking both personal and political power over the best interests of the inhabitants had better start working together to ensure the working class are looked after - in other words, the taxpayer.

Whilst we haven't had a technical recession in 26 years, we have had a number of economic slowdowns resulting in plenty of personal economic difficulties. While this hasn't destroyed the personal wealth of working class families wholesale, plenty of individuals are feeling economic stress and any chance of retiring early have been smashed. Will my personal transition to retirement run smoothly when I turn 60?

I am unsure and whilst my personal finances are currently reasonably robust, these constant changes in government policy to not lead to stability allowing individuals to plan for retirement and remove the burden from the publicly funded pension system. Naturally the political class have no such concerns, their generous taxpayer funded retirement packages are off limits.

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