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Should you withdraw from your super during the COVID-19 pandemic?

Press coverage 17 August 2020 Summary of published coverage
Should you withdraw from your super during the COVID-19 pandemic?

Personal finance commentator Bill Tsouvalas warned that early superannuation withdrawals should be a last resort, noting a 25 year old who took $10,000 and never replaced it could retire with roughly $24,000 less. An ME Bank study reported by PIPA was cited as showing many Australians remained financially comfortable, with Peter Koulizos saying extended wage subsidies and mortgage repayment pauses gave households time to prepare.

Reported by

Bill Tsouvalas, homely.com.au, 17 August 2020

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