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You failed to account for concessions and for inflation. The pension increases every 6 months, while returns on investment shrink as one is forced to continually draw down on savings. Given the value of cars, furniture etc, a lot of that $600000 is not even usable either to generate income or to...

I think most folk who have properties and savings are delighted to not have to deal with Centrelink, but we need a balance. It's all too easy to say 'Oh look, he has more than me. He shouldn't get the pension'. But if he worked very had and sacrificed a great deal to try to make sure his...

Can you do basic math? Someone with $600,000 in assets has some of that in non-returning assets (car, furniture, etc). Even if the full $600,000 is invested, the return rate could be well below $30,000 per annum and you get none of the valuable concussions if you can't get a pension. Now, by...

She needs to get her head straight. It was 'Survival Day" - and they should celebrate the fact that Cook's landing meant they were not facing Dutch or Portuguese invasion; they were blessed with health care, education, and a wealth of benefits they had never accessed before, including consistent...

From my observations, it is younger drivers, and mostly women, whose driving is most likely to cause an accident. My 76 yr old husband is a skilled driver, but often has to take evasive action to avoid collision with drivers who drive too close, lane change without care, and ignore speed limits.

Seems it’s endemic in gov. paid jobs. I have seen repeated instances. Went with my daughter and her seriously ill baby to see what help she could get. Child was tube fed and on oxygen and his pram was a mass of tubes and cylinder. We had previously phoned to advise she would need urgent...

A better approach would be to slash the waste. Stop handing out to people who don't need it. Subsidised childcare for families earning over a quarter of a million per annum. Paid parental leave to wealthy families. Mega billions to the Indigenous, to achieve zero reduction in 'the gap', but line...

That will never happen. All banks and most other organisations offering interest on savings respond to RBA interest rate cuts. For several years, us savers got NIL return on our money. The whining younger generation don't seem to understand that interest rates are LOW today. They were never less...

But if you draw down to spend, you lose the interest. You have to grow your balance. That's the issue I took up with AMP. It's age discrimination. Older Australians don't typically want to grow their balance. They want to deposit their income and spend, keeping a 'rainy day' fund and potentially...

Interesting! I recently moved from AMP because they changed the terms on the account I held to require the balance to increase every month. As a retiree, I don't want to increase my balance every month, and I wrote them a fairly terse letter telling them I believed they were engaging in age...

Why can't we have a government that just does what everyone knows is common sense? Downsizing is hideously expensive, and not just due to stamp duty - but real estate agent fees, moving costs, temporary accommodation while you find something suitable, and a host of other incidentals. And don't...

We have a handyman who can do almost any gardening chore and a lot of building maintenance works and he charges $30 per hour. There are lots of handymen offering services for $50 per hr or less. Try putting a Facebook post up on your local community group Facebook page. You are likely to have...

Tell these whining 'Elders' this is not about racism. It's about public safety. And public safety must always come first. If they fear their people being arrested, educate them to obey the law and respect the rights of others. It's not hard!

Yes. Reverse racism (as it is often called - though I choose to just call it what it is: RACISM) is alive and well. And I, for one, am fed up with it. Just apply the law equally to everyone - including any laws restricting freedom of speech. We have had to tolerate hideous tirades of abuse...

My concern is that too many people think this tax will only impact those with more than $3 million in super. Norway, Sweden and Germany all proved that taxing unrealised gains does major economic harm that hurts the less well off most. And the US abandoned plans to introduce it because they...

My bill went up over 300% BEFORE the 1 July price rises which will send it soaring yet again. The solar FIT cancellation drove the bill up from almost nil (due to a solar panels) to nearly $300 a quarter. I used four different price comparison tools (including the government's Energy Made Easy)...

I didn't say anything about superannuation, much less any 'generational transfer of wealth'. Many of my generation SAVED for retirement. My comment was about the unfair and economically unsustainable assets test, which encourages people to save LESS, because unless you can achieve way more than...

You are actually pretty close to the 'sweet spot'', where you receive maximum benefit from both savings and the pension system (via a part pension and concessions). From about where you are a retiree couple gets progressively less total income until they reach well over $1 mil - unless they can...

What seems insane to me is that a couple that does save $1 million - potentially by living very frugally during their working life, or working very long hours - can end up gaining no real benefit from their saving. At 5% yield, they only have $50,000 to live on, and none of the pensioner...

What a disgrace and an insult to Australians to have this man honoured. Has it been forgotten, already, that he empowers tyrannical premiers to force a dangerous vaccine on people, lock them up, deny them the right to earn a living, deny them the right to visit loved ones at critical times or to...