Anonymous
Anonymous asked in Business & FinancePersonal Finance · 6 months ago

Do you have to save money in order to have money when you retire or is that what superannuation is for?

4 Answers

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  • ted
    Lv 5
    6 months ago
    Favorite Answer

    You should save as much money as possible for your retirement years

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  • edward
    Lv 7
    6 months ago

    That is what pension plans are for. When you work and pay your dues when you retire you have pension from all the years you worked it’s a certain percentage. When i retire it’s the best (highest paid) 3 out of the last 5 years of work. That’s where they get the average from. And i have my retirement funds growing in the bank every year i buy about $10,000 in RRSP’s for when i retire i collect $25 added into each one every year and $400 per $1000 spent returned to me in June every year in tax returns

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  • 6 months ago

    you probably do have to save some of it

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  • gerald
    Lv 7
    6 months ago

    today you may as well spend it now you may not reach retirement and the ponze schemes they run now is like throwing it in the river you may not get what you put in is law now probably on the contract interes is in Jail inflation is swallowing all savings up and the stocks put it on a nag in the 2.30 is less risky have a nice day well sort of

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