Personal super contributions, just stopped mine for now - I've been employed 30+ years and have paid 5% pre tax super into my superannuation account. I've accumulated with employer contributions about $550K. Today I've stopped my contributions as I'm really feeling the pinch, and I think I need the $ now rather than when I'm retired. Have I shot myself in the foot, or are there any other negatives I should be aware of ?Ausfinance
Personal super contributions, just stopped mine for now - I've been employed 30+ years and have paid 5% pre tax super into my superannuation account. I've accumulated with employer contributions about $550K. Today I've stopped my contributions as I'm really feeling the pinch, and I think I need the $ now rather than when I'm retired. Have I shot myself in the foot, or are there any other negatives I should be aware of ?
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...