After all expenses we have a surplus of $4000 a month - should we
salary sacrifice into super or look at another investment?
Q.
My husband and I are both in our mid 40s with a combined income
of $134,000, my husband earning $108,000 of that. We own our home
worth $450,000 an inner city apartment worth $430,000 with rental
of $375 per week with an investment loan in my husbands name of
$450000 and approximately $120,000 in super. After all expenses we
have a surplus of $4000 a month - should we salary sacrifice into
super or look at another investment?
A.
You have a high exposure to residential property and a low
exposure to shares. Therefore, it may be appropriate to talk to an
adviser about the adequacy of your assets for retirement and then
decide what is needed to help you reach your goals. Possibly a home
equity loan for $200,000 for shares coupled with hefty salary
sacrifice to super may be the best option.
Each week financial advisor Noel Whittaker answers your
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