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.
Tax. It’s an unavoidable aspect of working.
Most people pay a lot of tax in their working life and don’t receive much assistance from the government in return.
So, when it comes time to collect the Age Pension it may feel like it’s your time to finally ‘get something back’.
When meeting new clients one of the first questions we ask is what their goals are. We often hear that they want to ‘maximise Centrelink benefits in retirement’ or ‘minimise tax’. While these are important aspects of financial planning, these approaches are a means not an end.
Dallas Davison, Michael Hogue and Ali Hogue.