FEAR & GREED | Business News Five tips to sort out your super
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Jan 10, 2025 Looking to take control of your superannuation? Discover invaluable tips on effective super management, focusing on age-appropriate asset allocation. Get insights on transitioning your investment strategies as retirement nears and the importance of managing fees. Plus, learn when to seek professional financial advice. This is the perfect guide to starting your financial year strong!
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Asset Allocation Strategy
- Adjust your super's asset mix based on your age and risk tolerance.
- Younger investors should prioritize growth assets, gradually shifting to a more conservative approach as they age.
Investment Philosophy Alignment
- Understand your investment philosophy and ensure your super fund aligns with your values.
- Consider whether you prefer active or passive investing and if ESG factors are important to you.
Fee Minimization
- Minimize superannuation fees, as even small percentages can significantly impact long-term returns.
- Aim for fees well below 1% annually to maximize your retirement savings.