We want to start planning for our retirement as we don't have that much in savings. We
Question:
We want to start planning for our retirement as we don't have that much in savings. We are not sure how much we need in super and how to best invest it and want to make sure we have enough in super. We don't want anything too complicated. Morty's father and grandfather both passed away in their 50s due to heart issues and Morty's mother suffers from emphysema and finds it hard to care for herself. Patricia's mother has recently been diagnosed with breast cancer. We are worried that something like what has happened to our parents could also happen to us and want to make sure we have everything in order. We also want to make sure that our children know what to do should anything happen to us. Our son has special needs as he has muscular dystrophy, and we want to make sure he is cared for should we both pass away or become unable to care for him ourselves. Also, we don't want any fighting in the family about what happens to our house and other belongings should we pass away. We do have enough income to live comfortably but probably waste some of it and just want some guidance about what to do - should we buy an investment property or put it into super or pay more off our mortgage?
MR MORTY MRS PATRICA
Strategy discussions
Financial strategy (1)
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Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta