Everyone’s financial plan is different
Whether retirement is a long way off or drawing close, it is never too soon to take an interest in your future. Sound superannuation advice could be the difference between a comfortable early retirement and retiring with the knowledge that you could’ve done things better.
It’s so easy to feel removed from our superannuation funds – just an annual statement to remind us it’s there. But the benefits of getting up close and personal with your super cannot be overstated – let us explain how your super can work better for you NOW.
Ask yourself the following questions:
Are you currently salary sacrificing superannuation?
When did you last review your superannuation fund beneficiaries?
Do you understand the risk structure of your current superannuation investment?
(For example, high growth funds often equal high risk – is that right for your age?)
If you are nearing retirement, do you have an investment protection strategy in place?
Do you currently have multiple superannuation funds, thereby, potentially reducing efficiency and increasing fees?
Have you considered paying life insurance premiums through your superannuation?
Are you confused by all the talk about ‘Self Managed Superannuation’?
Do you understand the relevance of compound returns?