LOST OPPORTUNITIES

When introduced thirty years ago, no one would have guessed how controversial super would be. The media tends to focus on negatives, the government is forever changing the rules around it, and most people misunderstand how to optimise it due to its technical complexity.  

Then again, anyone in the latter stage of their career might be somewhat happy with their accumulated super balance and even surprised by its value. 

On the other hand, perhaps your super balance could have been noticeably larger by now if you had accessed quality limited advice from time to time over the past 30 or so years.

 

PAY ATTENTION

Do not fail to give your super attention and find out how best to manage it as a personal asset. Why? Because the opportunity cost of doing so can reduce your income in retirement by between 10 and 20%, meaning a much-reduced lifestyle in retirement. 

Increase the attention to your super asset as you age and when instability within the global economy is high. 

 

DISCOVER MORE

For an indication of what might be possible, head to www.superwiser.com.au to complete a free super review.

For individuals at the tapered end of their career, the priority is not always about growing your asset, as sometimes your super needs to be protected from negative market volatility. 

From age 60, the opportunity to use a transition to retirement strategy to save on tax and increase your super balance becomes available, so it is worth looking into. 

Those closer to retirement might also be interested in obtaining some assistance with pre-retirement planning.   

Chat with an adviser to discuss your options. Call 1800 467 467.

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.