Amazines Free Article Archive - Tuesday, May 26, 2020
Read about the most recent changes and happenings at
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Subscriptions Manage Ezines
 Article Archive
 Advertising (133359)
 Advice (161073)
 Affiliate Programs (34739)
 Art and Culture (73727)
 Automotive (145702)
 Blogs (75112)
 Boating (9843)
 Books (17221)
 Buddhism (4126)
 Business (1328903)
 Business News (426348)
 Business Opportunities (366300)
 Camping (10965)
 Career (72749)
 Christianity (15847)
 Collecting (11638)
 Communication (115065)
 Computers (241959)
 Construction (39001)
 Consumer (49683)
 Cooking (17062)
 Copywriting (6580)
 Crafts (18205)
 Cuisine (7543)
 Current Affairs (20407)
 Dating (45786)
 EBooks (19689)
 E-Commerce (48211)
 Education (185289)
 Electronics (83505)
 Email (6398)
 Entertainment (159861)
 Environment (28941)
 Ezine (3039)
 Ezine Publishing (5447)
 Ezine Sites (1550)
 Family & Parenting (110917)
 Fashion & Cosmetics (196405)
 Female Entrepreneurs (11843)
 Feng Shui (130)
 Finance & Investment (310391)
 Fitness (106313)
 Food & Beverages (62900)
 Free Web Resources (7938)
 Gambling (30231)
 Gardening (25129)
 Government (10521)
 Health (629805)
 Hinduism (2205)
 Hobbies (44051)
 Home Business (91565)
 Home Improvement (251396)
 Home Repair (46159)
 Humor (4831)
 Import - Export (5453)
 Insurance (45142)
 Interior Design (29575)
 International Property (3485)
 Internet (190994)
 Internet Marketing (146382)
 Investment (22837)
 Islam (1167)
 Judaism (1356)
 Law (80563)
 Link Popularity (4593)
 Manufacturing (20843)
 Marketing (98841)
 MLM (14136)
 Motivation (18213)
 Music (27012)
 New to the Internet (9494)
 Non-Profit Organizations (4048)
 Online Shopping (129620)
 Organizing (7803)
 Party Ideas (11856)
 Pets (38078)
 Poetry (2234)
 Press Release (12681)
 Public Speaking (5632)
 Publishing (7524)
 Quotes (2407)
 Real Estate (126636)
 Recreation & Leisure (95330)
 Relationships (87567)
 Research (16163)
 Sales (80327)
 Science & Technology (110237)
 Search Engines (23468)
 Self Improvement (153122)
 Seniors (6235)
 Sexuality (35945)
 Small Business (49307)
 Software (82997)
 Spiritual (23471)
 Sports (116108)
 Tax (7659)
 Telecommuting (34068)
 Travel & Tourism (307694)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11731)
 Website Design (56836)
 Website Promotion (36579)
 World News (1000+)
 Writing (35781)
Author Spotlight

Marvell Lawson is an author, professional speaker, and communication coach who works with individual...more

I'm Ellisen, nice to meet you! Obviously you're here because you want to know who I am. Wel...more

I am a single mother of a beautiful little girl. I like ghost hunter wednesdays. I love Oreo's dippe...more

Hi,I am a freelance writer, blogger and digital marketing professional. To find my contents, please ...more

I am Pankaj Rattan. I am a student. I love to ride my bike and play cricket. And i also love ...more

The XYZ of Adequate Returns in Super by Rob Bourne

The XYZ of Adequate Returns in Super by
Article Posted: 11/18/2009
Article Views: 269
Articles Written: 37
Word Count: 636
Article Votes: 0
AddThis Social Bookmark Button

The XYZ of Adequate Returns in Super

Investment,Finance & Investment,Education
If you’re a late entry X gen or better still a Y gen just entering the work force then it’s likely you have more than 40 years to retirement. And that means you have something that the baby boomers don’t have – time.

According to the Association of Superannuation Funds in Australia the definition of an ‘adequate’ retirement income will have you living on a figure of around $26,000 p.a.

Hmm, there goes that overseas holiday.

Time is what could make the difference between having an ‘adequate’ retirement which is pre-determined by your lack of action or a retirement where you get to choose the lifestyle that monetary assets can provide.

Superannuation is regarded as one of the best investment vehicles for retirement savings. Besides the tax savings, it provides the opportunity for young people to create substantial balances that are just not possible for the older generation of baby boomers.

If you are looking for more than adequate returns from super then you need to act now. The power of compound interest or earning interest on interest needs a vital ingredient – and that is time. You can’t control the time you’ve been given but you can control how you use it.

Let’s look at 2 examples.

Example 1

You are 18 and decide to put away $1000 a year (less than $3 a day) until you are 30. You make no further contributions until your retirement at 65. That’s only 12 years and a total of $12,000 you have saved. Let’s assume you received an average return of 8%p.a. on your investment after all fees and taxes.

Example 2

You are 50 and decide to put away $5,000 a year (nearly $14 a day) until your retirement at age 65. You have no other superannuation. That’s a total of 15 years and an impressive $75,000 you have saved. Let’s also assume you have received the same average rate of return at 8% p.a. after fees and taxes.

Which is the better strategy?

Example 1 or starting at 18 will give you a balance of $343,241 at retirement. Not a bad return for an investment of $12,000. Example 2 or starting at 50 will give you a balance of $163,751 at retirement and you’ve put in $75,000 of your own money.

That’s the power of compound interest and why time is so important. The more time you have to invest the longer you have for compound interest to do its magic.

To make compounding even better for your super you should also look to consolidate your super into one account. It’s not unusual if you have moved around between several places of employment to end up with multiple super accounts. By consolidating these accounts you will save on duplicate admin fees and the compound effect of this can be substantial.

If you’re an Australian and earn under $32,000 a year you may also qualify for the government super co-contribution which adds another $1,000 a year, each year you contribute. If you added that to our 1st example you would end up with a balance of $686,481 at retirement. Not bad for an investment of only $12,000.

The message here is clear. If you are an X or Y gen then you have the power through time to choose the retirement lifestyle you want. The longer you delay the closer you will be to only adequate returns from super.

Rob Bourne has been involved in the financial services industry for over 35 years. As a practising financial adviser he focuses on the need for practical and down to earth financial education. The aim is to educate people through financial education so they can take control of their own financial future. Visit Rob's website here for more information on business opportunities, investing and financial education.

Related Articles - adequate returns, compound interest, government super, super co-contribution, retirement lifestyle, government super co-contribution, multiple super a,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.


Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
Please enter the code in the image:

 Author Login 
Register for Author Account


Advertiser Login


   Limited Time $60 Offer!
   90  Days-1.5 Million Views  


Great Paranormal Romance


Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more

Joanne Ireland, a 30-year veteran of the meeting and event planning industry, is Founder and Preside...more

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more

Joanna Morgan has a huge passion for making money online from home and enjoys traveling around the w...more

Stevert Mckenzie, Travel Enthusiast. ...more

Working as Technical Lead in Dbametrix Solutions. Have an experience of 12+ years in Oracle domain. ...more

Jason Ng has a huge passion for the health and fitness industry as he strongly believes that having ...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from under the GNU FDL license