Monday, June 3, 2013


We have been trying to get access to Murray's TPD and superannuation so that we can use that money to reduce our mortgage.  It looks like the payment has been approved and should come through in the next few weeks.

Here is the moral to the story though.


Murray set up his TPD and super over 25 years ago.  He just selected the most basic option - and trust me - we are getting the most basic of payouts.  Don't get me wrong - we are happy for any financial assistance  we can get at the moment.  But the truth is, if we had been smarter about it we could be getting a significant, life changing sort of payment.  The sort of payment that could pay off our entire mortgage, buy the new van that we need and leave some to live off or invest. Instead we will not even be able to reduce our mortgage by half.

Seriously.  Go check your super options.  Get more TPD insurance.  Contrary to what you think you might actually need it one day.

/end of community service announcement

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