Make Your Super Work For You
The long-term performance of a super fund ultimately determines how comfortable you will be in retirement.
Although a super fund’s performance will change from year to year, you need to be confident that your super fund has the right investment strategy and a relatively low fee structure to maximize your returns.
This is where we can assist. Our team can evaluate the performance of your fund by looking at your current balance, performance over the last five to ten years, the impact of fees and tax on your returns and the projections for your retirement balance.
Depending on your retirement goals, your risk profile and the timeframe before you intend to retire, you may need to review your fund’s investment strategy to ensure you have enough set aside for retirement. Sometimes this involves having investments inside of super and outside of super.
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Cathy Makes Her Super Work
One of our clients (let’s call her Cathy) recently met with an Better Path financial advisor to discuss how much money she would need as a single women to fund her retirement.
After reviewing her investment strategy, it was clear that Cathy would not have enough retirement income from her investment property and super unless she was able to rapidly grow her super balance.
Given her risk profile, it was recommended that Cathy use a more aggressive growth option in her super strategy for the next 10 years.
Key Insight
Make your super and other investments work better for you. Sometimes you need to rethink your super strategy to ensure it will deliver the outcome that you need for retirement. We can help you do this.
Disclaimer
General Advice Warning:
This material has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this material is General Advice and does not take into account any individual investment objectives, financial situation or needs. Before making an investment decision based on this advice you should consider whether it is appropriate to your particular circumstances. Hypothetical scenarios are based on assumptions and are not guarantee of any outcome in the future. Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a Product Disclosure Statement (“PDS”) relating to the product and consider the PDS before making any decision about whether to acquire the product.
Better Path Financial Planning Pty Ltd is a Corporate Authorised Representative (No. 001265505) of IPraxis Pty Ltd (ABN 39 114 365 007), which is the owner of Australian Financial Service License No: 329337.
Other Advice Warning:
Before acting on any of the information presented here, please seek professional financial advice.