Definitive Audiophile pressings

Lord Diaper Baby said:
Manchester.

I don't think you'll do any of these things. Only because this forum has this round and round w/ you every few weeks or so. But it's cool - in five years when you're selling plasma to raise money to get a ticket out of Australia following the inevitable Koala Uprising, I'll give you a penny on the dollar for your collection.
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I will! I’m going to give my parents AUD$100 starting from next week and I’m happy I’m setting up there tax accounts so then they can take out some money for their sake. I’ll also take the family out for dinner soon because why not :)

I think with the Blue Note sale, I might actually not purchase anything from it, especially as there’s international shipping costs on top; Acoustic Sounds is more worth it for me as the Analogue Productions pressings are a bit better and I get more enjoyment out of the titles I buy from there!

Things are looking really good for me at the moment! 😄
 
NathanRicaud said:
From next week, I’m going to give them AUD$100! And I’m also helping my Mum take out AUD$10,000 out of her retirement fund! And I think my Dad is going to take out AUD$10,000 too (I convinced him and he wants to take out 10 grand now!). So that’s kinda good because they’re doing some renovations and want to travel somewhere in Australia together! 👍😊

Ahhhhh money! I need to stop being so materialistic. I wanna travel next year as well as I miss that. And imagine if I had a boyfriend or girlfriend too; we’d be eating out for dinner like 3 times a week. Must find a PT trainer if I ever start dating anyone so then it means I can save AUD$100 a week! 😂😂😂
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In the period between graduating uni and getting my first mortgage I was back at my parents and I insisted on paying board. Turns out they'd put it all to one side and when I bought my first flat they gave it all back so I could use it for my deposit.

But if you're in your mid 20s, working and still living with them you should be chipping in just from a perspective of required responsibility. I imagine they must spend a fortune on painting over all the emojis you tag on the walls around the house so they can put it towards that if nothing else
 
Rowan said:
In the period between graduating uni and getting my first mortgage I was back at my parents and I insisted on paying board. Turns out they'd put it all to one side and when I bought my first flat they gave it all back so I could use it for my deposit.

But if you're in your mid 20s, working and still living with them you should be chipping in just from a perspective of required responsibility. I imagine they must spend a fortune on painting over all the emojis you tag on the walls around the house so they can put it towards that if nothing else
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Yeah, I’m definitely going to chip in now! I’m going to try and find a higher paying job too because I want more money so I can be more flexible with my spending. I quit my job just on Friday but gave them a weeks notice. I am going to try really hard to get something on day shift that’s around AUD$30 an hour instead of the AUD$26 an hour I am currently getting. Like that pay rise difference would make a massive different as I’m a big spender and need to start giving my parents some money and also see a PT etc
 
Omg, I just remembered and now I’m so happy because I lent my brother $3,000 earlier this year whilst he was in Spain this year to help him get through his final year of his masters! He’ll be giving the money back in the future so that’s great to know I’ve got $3000 in savings locked up somewhere! 🤷‍♂️🙊
 
Back to Audiophile pressings, I’ve got Speakers Corner pressing of Harry Nilsson’s “Aerial Ballet” playing right now and the pressing sounds amazing! It is dead quiet and the pressing is very balanced and dynamic; separation between all instruments are great! ✅✅✅

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I think I’m going to play the Speakers Corner pressing for Lou Reed’s “Transformer” next! I had that backordered and finally got it delivered earlier this week but have yet to spin it! 😎😎😎
 
NathanRicaud said:
Omg, I just remembered and now I’m so happy because I lent my brother $3,000 earlier this year whilst he was in Spain this year to help him get through his final year of his masters! He’ll be giving the money back in the future so that’s great to know I’ve got $3000 in savings locked up somewhere! 🤷‍♂️🙊
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because i know you will end up spending like 3K on more stuff after knowing you will one day get the 3K from your bro and end up in debt for at least a month.. this needs to be said
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duke86fan said:
because i know you will end up spending like 3K on more stuff after knowing you will one day get the 3K from your bro and end up in debt for at least a month.. this needs to be said
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I won’t end up in debt, don’t worry! I’m actually responsible and when I get the $3,000, I’ll try and keep it aside for emergencies and for when I move out of home (if I haven’t moved out by the time my brother gives me the money)! 👍

I’m someone that spends like there’s no tomorrow but wouldn’t end up in debt and if I did, would honestly work two jobs to try and get the money I need to pay off the debt.
 
None of my business, but be careful taking that Super out, unless they are in Dire Straits with their ass hanging out you really shouldn't touch your super till they retire, anyway my 2 cents .Don't get it to blow on some useless shit , it will negatively impact them in the future. Have a think . Maybe get some professional advice.
NathanRicaud said:
From next week, I’m going to give them AUD$100! And I’m also helping my Mum take out AUD$10,000 out of her retirement fund! And I think my Dad is going to take out AUD$10,000 too (I convinced him and he wants to take out 10 grand now!). So that’s kinda good because they’re doing some renovations and want to travel somewhere in Australia together! 👍😊

Ahhhhh money! I need to stop being so materialistic. I wanna travel next year as well as I miss that. And imagine if I had a boyfriend or girlfriend too; we’d be eating out for dinner like 3 times a week. Must find a PT trainer if I ever start dating anyone so then it means I can save AUD$100 a week! 😂😂😂
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kafunis said:
None of my business, but be careful taking that Super out, unless they are in Dire Straits with their ass hanging out you really shouldn't touch your super till they retire, anyway my 2 cents .Don't get it to blow on some useless shit , it will negatively impact them in the future. Have a think . Maybe get some professional advice.
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I’ve already taken out all my super but told / recommended to my parents that one of them at least takes $10,000 out, and they want to. And I said that both of them should take out $10,000 because YOLO, and I’m pretty sure they both will now. They aren’t computer saavy at all though so I’ll have to make a MyGov account for them and link the ATO and everything for them. Really happy for both of them as it means they can use that money to travel and enjoy life whilst they’re not too old! 🥰
 
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NathanRicaud said:
I’ve already taken out all my super but told my recommended to my parents that one of them at least takes $10,000 out, and they want to. And I said that both of them should take out $10,000 because YOLO, and I’m pretty sure they both will now. They aren’t computer saavy at all though so I’ll have to make a MyGov account for them and link the ATO and everything for them. Really happy for both of them as it means they can use that money to travel and enjoy life whilst they’re not too old! 🥰
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Nathan, you make me feel old. Very, very old
 
Btw, what is a "super"? I'm guessing it is some sort retirement fund? Is it tax payer/government funded (like the U.S.' social security); or are these individually-funded?

Can a person withdraw from it anytime in their life; and, if so, are there penalties for drawing from it before a set retirement age?
 
Lord Diaper Baby said:
Btw, what is a "super"? I'm guessing it is some sort retirement fund? Is it tax payer/government funded (like the U.S.' social security); or are these individually-funded?

Can a person withdraw from it anytime in their life; and, if so, are there penalties for drawing from it before a set retirement age?
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In Australia, instead of saying “retirement fund”, we say “super”.

Australia e.g. - I am going to take out $5,000 from my super.

U.S. e.g. - I am going to take out $5,000 from my retirement fund.
 
NathanRicaud said:
In Australia, instead of saying “retirement fund”, we say “super”.

Australia e.g. - I am going to take out $5,000 from my super.

U.S. e.g. - I am going to take out $5,000 from my retirement fund.
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Okay, but there are different types of retirement funds here - be it, individual (IRA), employer-based (401K), and govt (social security). So "super" is a catch-all then or does it refer to one of those types in particular?

And, then, as a twenty-something (i.e. definitely earlier than retirement age) do you get hit w/ fees, penalties or higher tax rates for an early withdrawal that you wouldn't otherwise get hit with at a later age?
 
Joe Mac said:
I think in the context of this conversation I’m damn glad to be old. Nathan you’re insane, I really wish you didn’t broadcast your financially insanity or spread it to your parents.
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I’m glad I spread it into my parents because I want them them to have more fun and be a bit more YOLO whilst they’re not too old. They’ll be fine when they retire and they love each other so much, that I’m happy my Dad and Mum want to use that money to do some travelling soon. I know my Mum is definitely taking $10,000 out, and I’ll try my best to get my Dad to take it out too; he seems pretty keen after I convinced him! 🙌

My friends that haven’t taken it out; I said good on them! My best friend was close to taking his out but didn’t because he said he didn’t need to and that he cares a lot about his future and I congratulated him and said that’s awesome he made that decision! 👏
 
Lord Diaper Baby said:
Okay, but there are different types of retirement funds here - be it, individual (IRA), employer-based (401K), and govt (social security). So "super" is a catch-all then or does it refer to one of those types in particular?

And, then, as a twenty-something (i.e. definitely earlier than retirement age) do you get hit w/ fees, penalties or higher tax rates for an early withdrawal that you wouldn't otherwise get hit with at a later age?
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I know in Australia you can still take out $10,000 (before Coronavirus/anytime), but yes, you get hit with a 20% tax fee and it’s very hard and time consuming when you apply to do it. It must be on serious grounds and you have to prove it and it gets fully analysed. To take out money from your super before you retire; it must be a reason such as medical expenses/surgery and like I said, you still get taxed on it.

With this coronavirus $10,000 release that you can take from your super at the moment in AUS, there’s no tax! So you get the full $10,000! That’s one reason why a lot are doing it!
 
NathanRicaud said:
I know in Australia you can still take out $10,000 (before Coronavirus/anytime), but yes, you get hit with a 20% tax fee and it’s very hard and time consuming when you apply to do it. It must be on serious grounds and you have to prove it and it gets fully analysed. To take out money from your super before you retire; it must be a reason such as medical expenses/surgery and like I said, you still get taxed on it.

With this coronavirus $10,000 release that you can take from your super at the moment in AUS, there’s no tax! So you get the full $10,000! That’s one reason why a lot are doing it!
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Ah, yes, I believe the U.S. CARES Act had similar provisions for people financially affected and needing to withdraw funds. I didn't pay too much attention, as I've been fortunate enough to have my livelihood unaffected and not to need the funds. I doubt anyone had traveling in mind when the taxes were waived for covid but que sera and all.

But didn't you withdraw from your fund much prior to covid? Did you have to pay 20%? If so, that sucks. If it's not super personal (although it would be personal to your "super", hey-o!), how did you get them to release your funds? I doubt you told the Aussie govt that you wanted to buy records, PT sessions, and travel?
 
NathanRicaud said:
I’m glad I spread it into my parents because I want them them to have more fun and be a bit more YOLO whilst they’re not too old. They’ll be fine when they retire and they love each other so much, that I’m happy my Dad and Mum want to use that money to do some travelling soon. I know my Mum is definitely taking $10,000 out, and I’ll try my best to get my Dad to take it out too; he seems pretty keen after I convinced him! 🙌

My friends that haven’t taken it out; I said good on them! My best friend was close to taking his out but didn’t because he said he didn’t need to and that he cares a lot about his future and I congratulated him and said that’s awesome he made that decision! 👏
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This whole thing with you taking control of your parents pension decisions kinda reminds me of the bit in the Rocky movies where Rock leaves Paulie in charge of his finances so he can go yo Russia to fight Ivan Drago.
 
Rowan said:
This whole thing with you taking control of your parents pension decisions kinda reminds me of the bit in the Rocky movies where Rock leaves Paulie in charge of his finances so he can go yo Russia to fight Ivan Drago.
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I haven't kept up w/ the Rocky movies, but didn't Paulie make some pro moves and invest in a health tech company that revolutionized blood tests; I'm pretty sure it all worked out for him?
 
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