Most of us are starting to think about getting back into work mode – or perhaps you are back at work already.
Don’t worry, this is not going to be one of those “let’s look back over the last 12 months” chats where we remember which celebrities are no longer or who won major sporting events.
What should you expect from the next 12 months?
Well, nobody knows. However, there is one certainty. Markets will go up and markets will go down.
Consider this. The Australian equities market is still approximately 18% below where it was 11 years ago so there’s plenty of upside just to get back to where it was. In terms of your superannuation, you need to consider your time horizon, i.e. how long will it be invested for before you can access it.
For a 35-year-old, they face another 30 years before they can access their super at age 65. Not only that, once they do retire at 65, they’re not going to take their super and spend it in one go. They’re going to use it to produce an income in retirement - say up to another 30 years.
That’s a time horizon of 60 years - now that’s a long-term investment!
So, you can imagine how setting your super up now to achieve stronger year on year gains will make a massive difference to your super result.
A new year brings new opportunity.Are you happy with your returns?
Is your superannuation invested appropriate to your situation?
Are your insurances appropriate? You may be under insured or over insured.
Is all your superannuation consolidated into the one fund?
Are you happy with the level of service and communication from your adviser?
If you answered “no” to any or many of the questions, it might be time for us to meet.
Superannuation is one of those areas in life where professional advice can really pay off.
If you need help with understanding investment options, consolidating multiple super funds, finding lost super or ensuring you have the right super cover, talk to your financial adviser.
The sooner you do, the sooner you will be on track to growing your super. Best part is at Hindsight Wealth, we prepare this information for you for free!
to make an online appointment – which can be a phone call, face to face or online discussion.
Flick me on text your latest super statements for me to review, and I will get back to you, or to you both to discuss options.
Don’t forget with any face to face meeting I have your return Uber covered - Brisbane CBD to our Hamilton Hindsight Wealth office.