Sharon and her husband have paid off their home in their 40s, so where should they invest the money that was going to mortgage repayments?
The disentangling of complex relationships between super funds and their financial advisers has to happen. It’s these relationships that are holding back the super industry.
The October issue of Money is on sale now. From where to invest $10,000 to what to do when your interest-only home loan ends, here’s what you can expect.
As one divorcee once forlornly explained: “Together we were rich but separately we are poor.” So where does super come into the division of assets during divorce?
Trustees are supposed to act in fund members’ best interests but, according to the 10 days of Hayne royal commission hearings into the $2.6 trillion superannuation sector, time and again trustees of retail super funds behaved negligently.
Sarah is a single mum in need of advice on super, investing and insurance but, as she tells Paul Clitheroe, the banking royal commission has made her terrified to commit.
Almost five million Aussies are in a dud super fund, unaware that it could cost them up to $337,000 at retirement. But it’s not too late to switch funds.
Why do you need to know how much you’re paying in super fees? Because you can’t check your fund’s performance without knowing what you’re paying. So how are the two sets of fees calculated?