Business

Rockhampton truckie on the long haul to retirement

Rockhampton truck driver Phil Tout at the Oxford Hotel doesn't want to be driving trucks until he's 70, taken November 16 2014. Madeline McDonald / Rockhampton Morning Bulletin
Rockhampton truck driver Phil Tout at the Oxford Hotel doesn't want to be driving trucks until he's 70, taken November 16 2014. Madeline McDonald / Rockhampton Morning Bulletin Madeline McDonald

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.

"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."

DAVID'S TOP TIP:

I think you'd be in a good position if you had $1 million in super and owned your own home in retirement.

Topics:  employment, retirement, superannuation




Forensic teams investigate serious Cap Hwy crash

One of the vehicles involved in a two-car crash on the Capricorn Hwy about 4.30am today.

UPDATE 2.35PM: Serious-crash patients to be treated at Rockhampton

Rockhampton's not-for-profits score big pokie profits

North Rockhampton Bowls Club secretary manager Tracey Kelly said the club employed 10 staff and it contributed to the economic fabric of the city.

Not-for-profit organisations cash in on pokie profits.

Could you be in the cash if Pauline Hansen gets trashed?

One Nation senator Pauline Hansen is the favourite to be heckled during her maiden speech when Federal Parliament resumes.

Which pollies are the best bet to be busted or get the boot?

Latest deals and offers

Mountain biking dreams come true for Rockhampton enthusiasts

First Turkey is expanding to cater for all ages and all riding abilities, with an aim to one day host state and national competitions.


Get Set for Summer!

Win One of Ten Prize Packs
Learn More

Fishermen reel in a Classic catch

Jackson Slack with 2.2kg Coral Trout and 4.1kg Sweetlip at the Tight Lines Fishing Classic on Friday.

Fishermen line up to weigh-in big catch for Coast Guard Yeppoon

Mick Jagger to pay £2.5m to the woman carrying his baby

Mick Jagger is reportedly paying millions to pregnant ballerina

Navy man Keller ready to marry a perfect stranger

Former Navy engineer Keller is a participant in season three of Married At First Sight.

Tattoos are just the surface of Married At First Sight groom.

Ozzy cheated with 5 women in 5 countries: Sharon

Sharon Osbourne claims her husband Ozzy has cheated on her

The Big Music Quiz gives The Block a run for its money

Darren McMullen hosts the TV series The Big Music Quiz.

NEW challenger in TV ratings race shakes up Sunday night.

Britney Spears calls Carpool Karaoke appearance "awkward"

Britney Spears admits her Carpool Karaoke segment was "awkward"

Mariah Carey's sister Alison arrested for prostitution

Mariah Carey's sister has been arrested on charges of prostitution.

REVEALED: Pat Rafter's $18m Coast house on the market

Check out the photos of the Coast's most expensive property for sale

The "correction we had to have" in Gladstone's rentals

UPWARD MARCH: The rental vacancy rate in Gladstone has improved for the first time in more than a year, providing a confidence boost in the market.

Vacancy rates improve with signs that things are getting betterF

ISLAND FOR SALE: Cheap Fraser Coast island drops price again

Suna Island in the Great Sandy Strait will be auctioned by Ray White Hervey Bay on Saturday morning.

This is the cheapest island you will find for sale in Australia

How a family home can fit on a 250sq m block

This is what you can build on 250m2.

Here's the floor plan of a home built on 250sq m

$100m plan for Curtis Island 'world class' luxury resort

$100 million resort: Top views at Turtle Street at Curtis Island.

"At the moment we think it meets all the town planning approvals.”

Noosa mayor on "red alert" over planning court decision

Mayor Tony Wellington hands down his first budget.

Mayor upset at lack of say about look and feel of Noosa