What should you do with super during retirement? During the GFC many people panicked and fled to the safety of cash, only to lock in their losses.
Vita Palestrant was the editor of the Money section of The Sydney Morning Herald and The Age. She has worked on major metropolitan newspapers here and overseas and has won several prestigious journalism awards including the 2001 Citigroup Award for Excellence in Journalism, Personal Finance Category.
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?
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?
Much has been said about consolidating super funds to save on fees but fund members need to be careful how they proceed, particularly if they have health issues.
Age matters when it comes to super. By the time you hit 60, you need to start thinking about strategies to maximise income in retirement.
Working beyond 65 can be financially and socially beneficial, but when it comes to your super you need to first satisfy certain rules.
Jobs are hard to find and property is expensive but, if you’re a millennial, there are ways for you to get ahead.
The rewards can be rich at the top of any field but the financial lessons learnt getting there can also prove invaluable What does it take to be a great F1 driver, cricketer, principal soprano or actor? Behind all the glitz and glamour is a high-stakes game. For years their earnings are unpredictable and making […]
Some people may look and feel wealthy but they aren’t looking at their net worth. That is when money trouble happens.
Splitting concessional super contributions with your spouse may offer tax savings as well as earlier access to retirement funds.