You’ve spent what seems like a lifetime getting your dream home, and retirement is creeping up fast. You have put the absolute bare minimum contributions into your superannuation, but it doesn’t matter because you own your house and your house is your super. Right?
Most people come in to see us about 10 years from retirement and are usually very surprised on what can be achieved if they decide to switch on and focus.
There is common belief that you should move all your super into cash and defensive assets (such as fixed interest) when you retire. But it really depends on your current situation.
Making the leap to see a financial adviser can be a daunting process, especially knowing that you need to lay all your cards (regarding your financial situation) on the table.
You may feel as though you should have saved more or should be earning more income.
Dallas Davison, Michael Hogue and Ali Hogue.