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Speaker 1: Another look at key. We say that they are impact

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Speaker 1: of being able to pull money out for a first time.

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Speaker 1: So we've got a new report and they say the

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Speaker 1: average withdrawal of seventy five grand at thirty five years

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Speaker 1: of age should leave enough for a modest retirement by

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Speaker 1: sixty five. Clear Matthews, Doctor, Associate professor at MASSI, and

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Speaker 1: the report author is back with this clear Good morning,

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Speaker 1: morning mate. I suppose this is all ideological, isn't it?

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Speaker 1: Whether you see housing as a retirement tool, therefore pulling

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Speaker 1: it out of another retirement tool really doesn't matter.

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Speaker 2: Does it. No, that's right. It tends to be a

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Speaker 2: little bit easier to manage your retirement if you're in

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Speaker 2: your own home. It gives you that stability, and therefore

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Speaker 2: it does make sense from that percept that's been about

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Speaker 2: able to use your key, we save it to a system.

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Speaker 1: Getting to that point, is this emergency thing become an issue?

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Speaker 1: In other words, I'm skinned giving me my money back?

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Speaker 1: Is that a problem?

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Speaker 2: I think it is. I know a lot of people

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Speaker 2: complain about how hard it is to get money out

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Speaker 2: for hardship, but given the volume of with ralls, either

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Speaker 2: it is too easy or as I sign that there

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Speaker 2: is really significant problems in the economy and therefore that

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Speaker 2: needs to be resolved. Because having large amounts of money

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Speaker 2: coming out of Key We Save it is not good

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Speaker 2: for everyone's retirement.

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Speaker 1: What about the overarching thing that everyone keeps messing with it?

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Speaker 1: I mean the government messes with it. We mess with it,

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Speaker 1: you know, and the whole idea of retirement saving is

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Speaker 1: put away and forget about it. Don't mess with it.

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Speaker 2: Oh, that's been an ongoing issue. Yes, it's needed some

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Speaker 2: improvements and I'm probably still not quite where we want it,

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Speaker 2: which and I hate saying that because the last thing

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Speaker 2: we really need is to have it fiddled with again,

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Speaker 2: because every time the government of whatever stripe do something,

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Speaker 2: do some kind of adjustment, it just makes people nervous about, well,

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Speaker 2: what are they going to do next time? And we

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Speaker 2: can't afford people to be nervous about their Key We Savior.

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Speaker 2: We want them to trust it, to know it's going

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Speaker 2: to be therefore their retirement and therefore to be able

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Speaker 2: to make good use of it.

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Speaker 1: Why don't we, like Australia they seem to have solved it.

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Speaker 2: I can't answer that question. You'd have to ask our politicians.

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Speaker 1: No, But if you were looking at a model, clear, magic,

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Speaker 1: one time, clear, in charge of solving this problem once overall,

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Speaker 1: wouldn't you say, Australia or Singapore, make it compulsory, expercent,

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Speaker 1: get into it, stop moaning, and we'll see you in

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Speaker 1: twenty years.

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Speaker 2: There are certy elements of that. I'm not sure i'd

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Speaker 2: want to follow the Australian model completely, but there are

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Speaker 2: certainly elements here. I'd like to see us with higher

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Speaker 2: contribution rates if I'd like to see it compulsory. So

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Speaker 2: there are certainly some things there. I just wouldn't take

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Speaker 2: the Australian role as a whole.

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Speaker 1: Nice to talk to you, clear, Claire Matthews. The old

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Speaker 1: key we save a debate, it never stops it. For

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Speaker 1: more from the Mic Asking Breakfast, listen live to news Talks.

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Speaker 1: It'd be from six am weekdays, or follow the podcast

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Speaker 1: on iHeartRadio