Planning for retirement
Friday July 11, 2008
When planning for retirement, the first step you need to take is to analyse how well your current superannuation fund pays off for you. If you plan to retire in just a few years, then you may find that it is better to stay with your current superannuation fund, especially if it is an industry superannuation fund that offers particular retirement benefits to retirees from your industry.
Another alternative is to set up a self managed superannuation fund, although this will require a lot more effort from you if you wish to see better returns. Both an industry superannuation fund and a self managed superannuation fund can potentially cost you less in fees, however.
Please visit our sponsor if you are interested in starting a self managed superannuation fund, or browse our site to read more about the choices you can make in the management of your superannuation fund.
