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Originally Posted by Fred114
This statement from Mary Holm reads: for every $100,000 you have saved, you can spend $100 a week. How accurate would you rate that statement? Is there a basis for her claim?
Here is her comment - https://maryholm.com/nz-herald-27-january-2024/
Probably working on the basis of returning circa 5% pa - whether interest, shares, other investments and paying lower tax rates when retired.
I note she says 'conservatively', and a simplistic calculation.
She's right though. $4m in the bank then hubby can retire!!
Last edited by Sideshow Bob; 29-01-2024 at 09:37 AM.
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Originally Posted by Fred114
This statement from Mary Holm reads: [FONT="]for every $100,000 you have saved, you can spend $100 a week[/FONT]. How accurate would you rate that statement? Is there a basis for her claim?
As a generalisation it's a fair enough starting point.
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Originally Posted by Fred114
This statement from Mary Holm reads: for every $100,000 you have saved, you can spend $100 a week. How accurate would you rate that statement? Is there a basis for her claim?
$5,200 equates to 5.2% pa. If the $100,000 is in term deposits and with current 6% interest rates at about 4.2% after about 30% tax, then your capital would only shrink by about $1000 pa. However the following year’s return would be smaller.
What are the assumptions with the inflation rate? Presumably Mary’s statement was set within the context of an article or response to a reader’s question?
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Means test superannuation? Interesting idea. Interesting and varied views in the article.
https://www.stuff.co.nz/money/350177...ion-commission
Why invest in the future and the younger generations.
Do old people provide any return on investment to the country? Does investing in young people provide a return to the nation? I suspect I know where the bigger investment returns are for a nation looking to allocate capital.
Does capital allocation matter when capital is cheap and readily available.
A cynical vote grabbing move today by National, pandering to selfish aholes. Why is superannuation not changed along with other benefits, it is over half the welfare spend? (see page 74 Note 8)
https://www.treasury.govt.nz/sites/d...fsgnz-2023.pdf
https://www.stuff.co.nz/politics/350...anges-benefits
Last edited by Aaron; 14-02-2024 at 03:21 PM.
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Originally Posted by Aaron
Means test superannuation? Interesting idea. Interesting and varied views in the article.
https://www.stuff.co.nz/money/350177...ion-commission
Why invest in the future and the younger generations.
Do old people provide any return on investment to the country? Does investing in young people provide a return to the nation? I suspect I know where the bigger investment returns are for a nation looking to allocate capital.
Does capital allocation matter when capital is cheap and readily available.
A cynical vote grabbing move today by National, pandering to selfish aholes. Why is superannuation not changed along with other benefits, it is over half the welfare spend? (see page 74 Note 8)
https://www.treasury.govt.nz/sites/d...fsgnz-2023.pdf
https://www.stuff.co.nz/politics/350...anges-benefits
A sensible fella' or fellowess would keep a healthy store under the mattress in case some of these plonkers change the rules so they can keep more of other peoples earnings.
Last edited by fungus pudding; 15-02-2024 at 08:54 AM.
Reason: typo
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Originally Posted by fungus pudding
A sensible felle or fellowess would keep a healthy store under the mattress in case some of these plonkers change the rules so they can keep more of other peoples earnings.
I suppose if it were only income tested you could buy a bigger house to reduce income and put your hand out for a rates rebate and maybe some sort of accommodation supplement if you are a bludging ahole.
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