Inflation eats away at your retirement money every single day, of every week, of every year! Therefore, it’s important to invest your money to offset the reduction of your spending power by inflation. What is inflation? Inflation is the rate at which prices for goods and services rise over time. Read more…
When it comes to choosing the right superannuation fund for you, it’s important to understand your risk appetite. Do you want a low-risk investment option, or are you willing to take on more risk for the potential of higher returns? Generally speaking, there are three main risk levels when it Read more…
If you’re an employee working in Australia, your employer is generally required to make super contributions on your behalf. This is called the Superannuation Guarantee (SG). These employer super contributions are a percentage of your before-tax salary and are paid into your super fund. The contributions are in addition to Read more…
If you’re like most people, you probably don’t think much about retirement until you’re nearing the end of your working life. But whether you’re years or months away from retirement, it’s never too early to start thinking about how you’ll support yourself during those golden years. One of the best Read more…
There are various types of superannuation funds in Australia. As each type of fund has its own benefits and drawbacks, it’s important to do your research before deciding which one is right for you. The five main types of superannuation funds in Australia are industry funds, retail funds, corporate funds, Read more…
There are a number of things you can do to maximise your superannuation. One is to make sure you are being paid the Super Guarantee. This is the minimum amount your employer must contribute to your super fund. You should speak to your employer if you are not being paid Read more…
In Australia, superannuation is a long-term savings plan to help you financially in retirement. You can start paying into your super from the day you start work. In most cases, your employer will pay money into your super account (called the Superannuation Guarantee). The money in your super account can’t Read more…
When it comes to superannuation, there are a range of investment options available. From low-risk options such as cash and fixed income, to higher-risk options such as shares and property. Most super funds allow you to choose between ‘Pre Mixed’ investment options. The default option typically being ‘Balanced’ which invests Read more…
When it comes to retirement planning, there are a lot of terms and concepts that can be confusing. In this series, we’ll help demystify some of the key terms you need to know. Rollover: This is when you move move your superannuation from one fund to another. This could be Read more…
Retirement planning is not just about money. It’s also important to consider your health and wellbeing in retirement. This includes making sure you have adequate insurance cover, as well as planning for activities and hobbies that will keep you physically and mentally active. Planning for healthcare costs in retirement is Read more…