Is this basically a pension or annuity? If so I wouldnt call it a scam, just not the most optimal type of retirement account for growth but good if you want to be very safe and conservative. I prefer non compulsory and self directed accounts like IRA's and 401ks. Not sure what you're on about with the whole losing 30% of your 401k thing. It's not actually lost unless you sell all of your holdings when it's down. I could be wrong but I don't think a single primary residence would be enough to fund a full 30+ year retirement in most cases.

by Anonymous 2 years ago

Yes superannuation is a massive scam, imagine "owning money" that you cant touch.

by Anonymous 2 years ago