If I was 25 again I would… Pay more attention to my Super
I would take mental ownership of it rather than thinking it’s just something for old people to worry about.
So what would I do differently?
- First up I’d consolidate all of my super into one account to avoid paying multiple sets of fees.
- I’d also check to see if I was paying for insurance that I may not need at the moment, and if it offered the best deal on income protection insurance.
- I’d seek professional guidance to review the investment mix and whether it was appropriate for my long-term savings goals.
And despite all the other things I want to do with my life before retiring, over the years I’d keep a close eye on my contributions to ensure my employer is paying what they should, and watch the balance grow to a big enough nest egg to give me financial independence by the time I eventually retire – if I ever want to!
Been neglecting your Super? It’s never too late to start paying closer attention, and we can help! Contact us today.