For every Australian, Superannuation is one of the most important saving sources that allows them to retire comfortably. According to the Association of Superannuation Funds, the minimum superannuation balance recommended to achieve a comfortable retirement is $640,000 for a couple and $545,000 for a single person.
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Here is what Comfortable retirement includes:n- Kitchen and Bathroom can be replaced every 20 yearsn- Better quality household items and appliancesn- Air conditioningn- Eating out (restaurant, good food)n- Good internet connectionn- Better quality clothesn- Affordable holidays n- Top cover health insurancen- Maintaining carn- Joining leisures and membership activities for elderlynFor those who need a better lifestyle than the comfortable one, they will need to have further sources of fund.
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Everyone will have some sort of superannuation to begin with since they are at young or middle age. However, according to statistics, most people do not have sufficient knowledge regarding superannuation and what they can do inside their superannuation fund to get the most from their current fund. Therefore, people tend to miss important points that may lead to insufficient superannuation balances over the years.
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We have some clients who came to me with their superannuation untouched for up to 10 years and led to unfavourable results which could have been better if they had good knowledge about superannuation.
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So what do you understand about superannuation and what do you think you can do better in your superannuation to achieve at least a comfortable retirement as mentioned above?
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JOIN our PRIVATE COACHING SESSION on Superannuation to gain the necessary knowledge for your future superannuation management (latest rules, investment options, how to distinguish the investment options within super, learning to work out how much do you need to contribute based on your current pace, and much more)
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This is NOT a financial planning advice because you will be learning the essential knowledge to increase your superannuation awareness and understanding the options you may have within your superannuation to maximise your potential earnings over time. We will be on your side to coach and guide you to understand the areas that you may misunderstood to improve your overall situation in the long-term.
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