Are you too busy (or let’s be honest, do you lack the inclination) to give much thought to your super, yet have a nagging feeling you should?
Updates on super
Did you know that just two years out of the workforce raising children can leave women up to $50,000* worse off than men in retirement?
If you’re in your fifties or sixties you may be starting to think about life after full-time work. This is when you should get up to speed on your options for the Age Pension, rather than waiting until the day before you retire.
If you are retiring soon and considering your options for turning your super lump sum into an ongoing income, there are three big issues to consider:
You may be able to get your hands on your hard-earned super money sooner than you think.
If you’ve had a few jobs, you’ve probably got a few different super funds. One of the easiest ways to simplify your finances, and potentially boost the amount of money you’ll have when you retire, is to consolidate (also called ‘to rollover’) multiple super funds into one.