Why You So Crazy Barefoot?

Written By Guest User

Hi Scott,

I am a chartered accountant and love your commonsense advice. But I just do not understand why you tell people to pay more into super BEFORE paying off their home loan. Surely they should pay off their debts, THEN pay more into super?

Bruce

Hi Bruce,

It’s simple: I meet a lot of old people who have a lot of house but not a lot of income in retirement. I like the simple action of increasing your pre-tax super contributions automatically, and then forgetting about it (behaviour beats brains). Repeated studies show that saving 15% of your income will afford a comfortable retirement.

Scott

Guest User
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