Take the quiz
One thing we’ve learned from the thousands of pre-retirees we’ve helped over the years, is that super is often neglected.
Too many Australians are underfunded when it comes to their retirement. Unfortunately, it means they’ll never achieve the lifestyle they worked so hard for. Too often people decide to get serious about their super a year or two from retirement. Yes, it’s better than doing nothing at all.
But a little planning earlier on could have made a massive difference to their retirement income.
Common things we hear are:
- “I don’t have enough time to worry about it.”
- “I’m too busy to think about it now.”
- “I don’t understand super.”
- “I don’t trust the government.”
- “I’ll get to it later.”
We get it, but this sort of thinking can potentially cost you A LOT of money in retirement.
Take our Super Quiz below.
What best describes you when it comes to your superannuation:
- I’m all over it. I know the name of my fund, my current balance, my asset allocation, all the underlying investments, my insurance cover, and how much tax I’m saving. I review my strategy at least once a year, and I’m confident it will fund an abundant retirement.
- I know it’s there, and that I really should pay more attention. But who has time for that?
- Sorry, what was that? I was yawning.
- My business is my superannuation, I don’t need to worry about anything else.
If you answered A: Congratulations, you got this covered. Get ready to enjoy retirement on your terms!
If you answered B: You’re probably taking more interest than most, but now it’s time to get serious. Successful people don’t make time — they create it. Super offers some significant tax savings you can’t get anywhere else, so create time and make the most of it well before you retire.
If you answered C: This is a fairly typical response. But is ‘typical’ good enough for you. Find a way to get interested as quickly as you can. Don’t focus on the structure and the numbers. Instead, focus on what you want your retirement to look like and think of super as the vehicle to get you there.
If you answered D: This is a common response for Australian business owners. Unfortunately we see too many businesses rely upon their business to fund their retirement and when they go to sell are not able to get the price they expected, and sometimes are not able to sell it at all. We’re not trying to scare you. But having all your eggs in one basket is downright dangerous when so many external factors can compromise the value of your business. Not to mention the fact you’re almost certainly paying too much tax.
Oh, and if you answered B, C, or D, you might like to check out our FREE ‘Retirement Accelerator’ Strategy Session and if it sounds valuable, just book a time.
