The rise of the grudge workforce
There is a significant gap between the ideal and real retirement age of many working Australians, according to new research by Suncorp Superannuation.
Suncorp’s Rise of the Grudge Workforce report reveals that a growing number of people are being forced to work through their golden years because they lack the money they need to retire when they want to.
Suncorp’s Head of Superannuation, Lisa Harrison, suggested that people should be aware of how their super savings are tracking and plan early if they want to avoid the grudge years. She suggested the following as simple steps to get started:
- Make use of online resources such as retirement calculators
- Putting a little extra into your super can make a big difference
- Keep track of your super accounts and consider combining them into one
This information has been prepared without taking into account your objectives, financial situation or needs. For that reason, before acting on this information, you should consider its appropriateness having regard to your own objectives, financial situation and needs. Where the information relates to the acquisition, or possible acquisition, of a particular product, you should read and consider the relevant Product Disclosure Statement (PDS) in deciding whether to acquire, or continue to hold, the products. Before combining your super you should check with your other fund(s) to see if you’ll pay any exit fees and if your insurance cover or tax situation is affected.