Good opportunity to withdraw cash from super

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    For many people the best course of action is to take the current opportunity to withdraw cash from super funds.

    Young people should take the opportunity because it is clear that constant tinkering with the system makes it probable that by the time they retire politicians will have raided their funds many times. Politicians refer to people's superannuation as a "national resource".

    Those who will retire with less than about $750,000 in super should also take the opportunity as for them super is a con. Whatever they get in super reduces their pension by a similar amount.

    bacci
 
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