Superannuation

It is meant to be the ‘holy grail’. It is meant to provide for our retirement, but has yours lost its lustre? With the recent activity (or lack there of) in the share market it has more than likely been tarnished somewhat.

One thing is for sure: you should re-polish it before you retire. That way you won’t have to eak a living like this person does. We all expect that when we retire we will be able to enjoy life's pleasures without too much hardship. To do that though we have to focus now to ensure we have the asset base we are aiming for to generate the income we desire.

In an effort to assist you to plan for your retirement below you will find a ‘nest egg’ widget. You can play with it by sliding the markers on all the lines to obtain an understanding of what your requirements may be. Once this is established you can set out to implement an appropriate strategy.

Such a strategy may include establishing a SMSF (Self Managed Super Fund) and taking control of your super yourself rather than leaving it to another entity, with their associated fees and/or poor strategies. As you may know SMSFs can now invest directly into the property market. To read more about SMSF finance please see this page. Now might just be the perfect time to take back control of your money.