TradeNinjaJ
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TradeNinjaJ
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1.Super vs. Mortgage: Deciding whether to put extra money into your retirement savings (super) or paying off your mortgage faster can be tricky.
2.Government Calculator: There used to be a government tool to help decide. It suggested that if you might need the money before retirement, you should put it toward your mortgage.
3.Example Scenario:
- Mortgage: You have $500,000...
2.Government Calculator: There used to be a government tool to help decide. It suggested that if you might need the money before retirement, you should put it toward your mortgage.
3.Example Scenario:
- Mortgage: You have $500,000...
![Here's a simple explanation of the comparison between putting extra money into your superannuation (super) vs. your mortgage:](https://sgsnsimg.moomoo.com/sns_client_feed/151375289/20240703/d75c6a0dacac45768a0c4a18bb8865c3.png/thumb?area=102&is_public=true)
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TradeNinjaJ
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TradeNinjaJ : I’m thinking about getting in.