FINANCIAL AWARENESS

Having got this far in your career, you are probably aware of the opportunities you have taken and mistakes made in the past.

As the length of time before retirement reduces, the importance of protecting your super from any unintentional losses increases. It is essential to strike the right balance between optimising your balance and not damaging what you have accumulated.

If you have arrived at this juncture without truly managing your super, talking to someone with specialist financial skills is advisable.

As your time horizon to retirement is now short, you must avoid mismanaging your accrued super asset.

INFORMED DECISIONS

There are still opportunities to grow your super as you proceed to retirement. However, you do not have an extended time horizon to ride out market slumps like you did earlier in your career.

The imminent market appears very uncertain based on changes in international relationships and who is the dominant economic power in our world.

It is essential to make informed decisions about your super in the following key areas:

  • Product Choice
  • Maintaining Insurance Coverage (or not)
  • Contribution Strategy (potentially Transition to Retirement)
  • Investment Strategy (consistent with future market dynamics)

If your super is invested in a MySuper default investment portfolio, it might be overexposed to growth assets and the wrong submarket segments. Make sure you understand the risks based on your age demographic.

Two things that determine your level of success in life are:

  • Seizing opportunities.
  • Avoiding common mistakes.

Have you made the most of your opportunities and minimised any financial mistakes?

HELP IS AVAILABLE

Your employer has engaged SuperWiser to offer services to help you better manage your finances and super as a wealth-creation asset.

Call 1800 467 467 to book your appointment.

This document was prepared and issued by Super Simpler Pty Ltd (ABN 74 150 240 421) a privately-owned company operating as a Corporate Authorised Representative (CAR No. 468 201) of AXIS Financial Group Pty Ltd (ABN 21 092 889 579, AFSL 233 680). The information contained within it is not advice. It provides general information only and does not take into account your individual objectives, financial situation or needs. You should assess whether the information is appropriate for you and consider talking with your financial adviser before making an investment decision. Information in this publication, which is taken from sources other than Super Simpler, is believed to be accurate. However, subject to any contrary provision in any applicable law, neither Super Simpler, nor its employees and directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it.