To manage your super effectively, you need to understand how it works and make informed, strategic decisions. Wealth does not happen by accident. Successful individuals actively manage their assets using deliberate and strategic approaches. Whether it is consistent saving, property investment, or super optimisation, the key is taking action.
Younger people often overlook their super, missing valuable opportunities to manage it as a powerful wealth-building asset. While older individuals may be more mindful, assuming that your current strategy will always strike the right balance between growth and defence can be a costly mistake. As retirement approaches, your super needs regular attention to help guard against market shocks.
Once you reach age 60, strategies such as Transition to Retirement can potentially reduce your tax and boost your super balance, making it well worth exploring.