@WT Winfield wrote:
I know we joke about everyone being an accountant around here, so probably not a bad place to ask.
I'm not one though, so my only advice would be to discuss anything related to your super thoroughly with your accountant before doing anything.
One of my mates is one and wrote a long post on facebook about the government's stimulus package and implored people to speak to their accountant before touching their super because of the longterm ramifications.
Cheers mate, but I actually mean the way is super is setup.. Not at all cashing it in. When I said switch to a cash focused super I just am referring to how it is invested. If like most it is heavily market/share based then u would be copping the losses, but u could switch it to a safer cash type and generate smaller ups but smaller downs. Trick is u have to time the rise again in this current corona scenario.
Surely a lot here have super accounts ?
Last edited by Revraiser on Thu Mar 26, 2020 1:54 pm; edited 2 times in total