These days, Superannuation (‘Super’) is likely to be one of the largest assets a person will have when they retire. Therefore, regardless of your age or stage in life, it is worth putting some time and effort into understanding how to make the most of your Super.
For those who are early in their careers, there are strategies that can be put in place to utilise Super as an effective wealth creation tool. The earlier you start to think about your Super strategy, the better off you will be in the long run.
Alternatively, those nearing retirement have a range of strategies and options that can be applied depending on their current situation and their hopes for the future. Transition to Retirement Pensions and Salary Sacrificing are two of the common strategies people undertake prior to retiring.
With life expectancies increasing, the reality is many people will not have the funds required to continue living the lifestyle they are used to in retirement. Having a smart financial plan in place is the best way to improve the chances of achieving your ideal retirement.
Contact GMB Infinity to find out more.