Don’t be complacent about YOUR Super!
Where do you stand on the superannuation investment awareness scale? Are you actively engaged, or passively disinterested?
When it comes to superannuation, many take a ‘disinterested’ approach because access to the funds seems distant. However, being passive about your super is risky. The financial independence you expect in retirement could be less than you hoped.
A shift in superannuation investment awareness
In the past, employers decided where and how to invest your super. They often outsourced this responsibility to the trustee of the superannuation fund. But now, the control has shifted. You can now take charge of where and how your superannuation is invested. It’s crucial to develop your superannuation investment awareness and make informed decisions. Here are some key aspects to consider:
Choosing the right super fund
- Investment options – Most funds offer various investment choices. Consider your risk tolerance and growth expectations when selecting your investment style.
- Long-term performance – Focus on long-term performance when comparing funds. Remember, past performance doesn’t guarantee future returns. Look for reasonable returns and exercise caution with anything that seems too good to be true. Diversifying your investments can protect you from market volatility.
- Fees and costs – Every fund has a Product Disclosure Statement (PDS) detailing fees. Compare fees and consider any extras that may vary between funds. If unsure, consult a financial adviser.
- Insurance cover – Insurance within your super fund can be crucial. Premiums can be deducted from your super contributions. Consult with your financial adviser to find a fund with the right level of insurance and flexibility to meet your goals.
How ContinuumFP Can Help with Superannuation Investment Awareness
The experienced advisers at Continuum Financial Planners Pty Ltd offer strategies to help you develop superannuation investment awareness. Start by exploring articles on our website, particularly in the Superannuation Strategies category.
To schedule an appointment with one of our advisers –
- call our office at (07-3421 3456) or
- at you convenience, use this Book A Meeting facility at any time.
