All Topics / Hotch Potch / Roll Super or Reduce Debt

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  • Profile photo of dajujebrdajujebr
    Member
    @dajujebr
    Join Date: 2003
    Post Count: 6
    October 29, 2003 - 6:12 am

    Hi all,

    Just interested in your thoughts regarding my situation. I am about to move from one job to another and this has provided me with the opportunity to take some of my super as a cash payout ($30k) whilst rolling the remainder ($64k). I would use the $30k to reduce my $70k mortgage on my PPOR I believe that by doing this I will have greater equity (value of PPOR approx 400k) to enable leveraging into property and share investments. I am 36 so there is still sufficient time to accumulate income producing assets to enable early retirement.

    Your thoughts would be appreciated.

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429
    October 30, 2003 - 2:23 pm

    I would reduce debt – as long as you have a plan to create more wealth for yourself than would be in super. Realistically you can’t touch that money for another 20-25 years, so make use of it now.

    Cheers
    Mel

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