I would take mental ownership of it rather than thinking it’s just something for old people to worry about.
First up I’d consolidate all of my super into one account to avoid paying multiple sets of fees. I’d also check to see if I was paying for insurance that I may not need at the moment, and if it offered the best deal on income protection insurance. I’d seek professional guidance to review the investment mix and whether it was appropriate for my long-term savings goals.
And despite all the other things I want to do with mylife before retiring, over the years I’d keep a close eye on my contributions to ensure my employer is paying what they should, and watch the balance grow to a big enough nest egg to give me financial independence by the time I eventually retire – if I ever want to!
For more information or to speak to one of our Financial Advisers please contact TNR Wealth Management on 02 6621 8544.
Disclaimer
Past performance is not a reliable indicator of future performance. The information and any advice in this publication does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. This article may contain material provided directly by third parties and is given in good faith and has been derived from sources believed to be reliable but has not been independently verified. It is important that your personal circumstances are taken into account before making any financial decision and we recommend you seek detailed and specific advice from a suitably qualified adviser before acting on any information or advice in this publication. Any taxation position described in this publication is general and should only be used as a guide. It does not constitute tax advice and is based on current laws and our interpretation. You should consult a registered tax agent for specific tax advice on your circumstances.