$20,000 NOW Or $47,000 LATER: Early Aussie Super Withdrawal
Channel: Jason Pizzino
Date: 2020-05-01

In this video, I discuss the numbers around a costly mistake that many young Australian's may face due to the lack of financial education about their retirement fund. The mistake could cost them close to $120,000 by retirement, Channel 9 states.

The Australian government has announced that Australian's can withdraw up to $20,000 from the super-annuation retirement fund. However, for young adults, this could cost them over $47,000 using conservative estimates.

➜ Are you considering withdrawing your super-annuation retirement fund money during the covid-19 / coronavirus pandemic?

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I am not a financial advisor. The ideas presented in this video are personal opinions and for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.

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