Affordability of Super

[Perky]

I reckon if your going to live a long life...you still want some reasonable holding of growth stocks in your arsenal...might need it to pay for those replacement body parts or a new engine for your boat
You can always cash up a small portion every now again to generate some cashflow like a divvie stream.

The govt will soon give you some spending money every fortnight and once you get the gold card you can go to waiheke on the sea link for free

[Basil]

I reckon if your going to live a long life...you still want some reasonable holding of growth stocks in your arsenal...might need it to pay for those replacement body parts or a new engine for your boat
You can always cash up a small portion every now again to generate some cashflow like a divvie stream.

The govt will soon give you some spending money every fortnight and once you get the gold card you can go to waiheke on the sea link for free

Might let Kingfish and Barramundi and maybe Marlin if they stop trading at such an illogical premium to NTA do some of that for me with a modest portfolio allocation in due course.  8% net is ~ 12% gross    At this point though, I think value shares will outperform growth in the near term.
Much more fun taking your own boat to Waiheke..

[Minimoke]

Might let Kingfish and Barramundi and maybe Marlin if they stop trading at such an illogical premium to NTA do some of that for me with a modest portfolio allocation in due course.  8% net is ~ 12% gross    At this point though, I think value shares will outperform growth in the near term.
Much more fun taking your own boat to Waiheke..

With a Super Gold Card won't you get to Waiheke for free?

[Basil]

With a Super Gold Card won't you get to Waiheke for free?

Yes, quite a few years until I get a Gold card though mate and a couple more after that before Mrs B qualifies and that assumes they don't change the rules for the Gold card in the meantime.    In addition, I reckon National could put up the retirement age to 67 so that could move the goalposts further still.

I reckon too many people who are semi or fully retired put off enjoying themselves until its too late.
Studied investment analysis as an optional higher level paper at Uni when I was a young fella, (only paper I got an A pass in).  Most of the accounting papers were so boring anything more than C+ meant you'd wasted precious time better spent with your mates and girlfriend lol.
Professor started the year off by saying "Investment is merely deferred consumption." and quickly moved on to saying it's best not to defer it until it's too late as otherwise what was the point?  Never forgotten it.

[Minimoke]

Yes, quite a few years until I get a Gold card though mate and a couple more after that before Mrs B qualifies and that assumes they don't change the rules for the Gold card in the meantime.    In addition, I reckon National could put up the retirement age to 67 so that could move the goalposts further still.

I reckon too many people who are semi or fully retired put off enjoying themselves until its too late.
Studied investment analysis as an optional higher level paper at Uni when I was a young fella, (only paper I got an A pass in).  Most of the accounting papers were so boring anything more than C+ meant you'd wasted precious time better spent with your mates and girlfriend lol.
Professor started the year off by saying "Investment is merely deferred consumption." and quickly moved on to saying it's best not to defer it until it's too late as otherwise what was the point?  Never forgotten it.

I havent had the benefit of a university education. But in the School of Life I was taught "Saving is deferred spending" The concept is the same but likely a little different.

I too think it is important that we save, not only so we have a rent/debt free roof over our heads (excellent role for retirement villages) but that we also have savings to enjoy our retirement years.

My aim will be to have "experiences". So while I might consume a trip to Waiheke I'll be using my Gold Card so I am not spending. That amount of Saving will be spent on a better experience.

I shant be buying objects - my aim is to continue filling my passport (which is already quite full) with many more stamps.

I suspect our retirement ambitions may be linked to our approaches to investment. I'm more of a risk taker and enjoy shares that actually do something. While I hold a few dull as dishwater BRM and KFL I'm going to have much more fun with my new buys in AFT and IKE. While hedging myself a bit with recent buys back into SUM.

Risk doesn't equal reckless. So I can't get myself to a point where I see buying ARV as worthwhile in my stage of life. Which isn't long enough to recoup  the potential losses in SP despite it dividend yield.

[Whacc]

With a Super Gold Card won't you get to Waiheke for free?

Yes, quite a few years until I get a Gold card though mate and a couple more after that before Mrs B qualifies and that assumes they don't change the rules for the Gold card in the meantime.    In addition, I reckon National could put up the retirement age to 67 so that could move the goalposts further still.

The gold card (including free ferries) is the biggest taxpayer rort going outside of unfunded universal super and, irony of all ironys, both gifted to the demographic who complain the most about every dollar of taxpayer spend.

No need to worry about the goal posts moving for you.  All the discussion about moving the age won't see it kick in until at least after 2035.
Conveniently skipping over the boomers (can't possibly do anything that might annoy them) and socking another blow to future gens.

[Basil]

My goodness that's a lot of baggage you're carrying. If you lay that burden down you'll find you're much happier for it.
I've often heard it said that "forgiveness is the gift you give yourself."
I reckon it probably works the same way with resentment.

[Minimoke]

The gold card (including free ferries) is the biggest taxpayer rort going outside of unfunded universal super and, irony of all ironys, both gifted to the demographic who complain the most about every dollar of taxpayer spend.

No need to worry about the goal posts moving for you.  All the discussion about moving the age won't see it kick in until at least after 2035.
Conveniently skipping over the boomers (can't possibly do anything that might annoy them) and socking another blow to future gens.

I just see the gold card as a return on taxes paid

Same as Super really. I've been paying tax all these years on the understanding that at retirement age Govt Super will kick in. As Basil alluded to earlier on something like "tax is simply deferred super repayments)

The retirement age will never go up over night. There will be quite some time for people to know what the new ages is and to start saving accordingly.

And the more cash I have the more I can move into a retirement village if the mood takes me there.

(And "boomer" is a bit of an ageist label isn't it?)

[Whacc]

My goodness that's a lot of baggage you're carrying. If you lay that burden down you'll find you're much happier for it.
I've often heard it said that "forgiveness is the gift you give yourself."
I reckon it probably works the same way with resentment.

Unfortunately going to be pretty hard to lay down a burden that is quantifiable in, quite literally, hundreds of billions of dollars of sovereign & private debt.

I just see the gold card as a return on taxes paid

Same as Super really. I've been paying tax all these years on the understanding that at retirement age Govt Super will kick in.
As Basil alluded to earlier on something like "tax is simply deferred super repayments)

It's almost like you didn't consume any public services throughout your life.
Don't care what Basil alluded to, as I said Super is unfunded. 
So you pay to consume those services in your life (roads, health, education - and you vote to neglect to pay to maintain existing assets as has become apparent) then you consume over and above that in retirement.

[Administrator]

This strayed way too far off topic for the ARV thread and has been split from it. If you wish to continue discussing this non-ARV stuff, please do so here (I will update the topic title if this occurs, otherwise it will be deleted). Please keep it civil, if this becomes a problematic thread it might go into an early, unfunded retirement

[Minimoke]

Unfortunately going to be pretty hard to lay down a burden that is quantifiable in, quite literally, hundreds of billions of dollars of sovereign & private debt.

It's almost like you didn't consume any public services throughout your life.
Don't care what Basil alluded to, as I said Super is unfunded. 
So you pay to consume those services in your life (roads, health, education - and you vote to neglect to pay to maintain existing assets as has become apparent) then you consume over and above that in retirement.

I've consumed public services all my life. From the day I was born. Thankfully my parents paid tax that helped enable a public health system. And they retired and got their super because their tax helped pay for it.

Trouble with our govt income is essentially all income goes into the consolidated fund and govt spends from there. We don't have targeted fundings. It is said road user taxes go into funding roads - but that's about it.

Super is affordable. Especially if govts didn't waste money on pet projects like dual health systems or merging broadcasters when no separation problem exists.