Rockhampton truckie on the long haul to retirement
ROCKHAMPTON'S Phil Tout wants to be behind the wheel of a Winnebago when he's 70, not the wheel of a truck.
The 57-year-old has been a truck driver for the past 45 years and although he likes his job, he doesn't see himself being able to drive long distances as his age progresses.
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"I'd love to get a caravan and travel around Australia but I don't think I'll be able to do that when I'm 70," he said. "I was planning to retire about two years ago but decided to keep working for a bit longer but I didn't plan to work until I'm 70.
"It's not very realistic for a person that age to be driving long distances and offloading trucks, but now it looks like I'll be working until I physically can't."
However managing director of Capricorn Investment Partners Ltd David French has a different opinion on working for as long as you can.
"For the good of society people need to keep being productive until they're not able to," he said. " People in their 40s need to get serious about saving and their superannuation."
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I think you'd be in a good position if you had $1 million in super and owned your own home in retirement.