What you can do now
Consolidate your super funds
How many super funds do you have? If you've had more than one job in your life, you probably have more than one super fund. And, if you have more than one super fund you are paying more than one set of fees which is reducing your overall super investment nest egg.
Consolidate your funds and only pay one set of fees.
Consider how your super is invested
Another consideration is how your money is invested. It needs to be invested in-line with your own personal circumstances.
Generally, the longer the time frame you have until you retire, the more risky the investments you may want to consider – such as shares and property. Then, as you move closer to retirement you may wish to consider moving your investment to a conservative style of investment, such as cash.
But, everyone is different!
See a financial planner
Seeking financial advice to help you make the most of your super is an important investment in your future. Bridges can help you define your goals and develop a strategy to help you achieve your objectives.
To find out more about super strategies make an appointment with a Bridges financial planner.