Published: 17 Feb 2021
There’s plenty to consider when trying to get your finances in order and often it is left on the ‘to do’ list and you never get to it due to other commitments and pressures that get in the way day-to-day.
There are a lot of questions that you may have, should I pay off the mortgage? Should I put money into super? When can I do those renovations? How old will I be when can I stop work and how can I afford the children’s education?
Good financial advice will help answer all these questions by mapping out your goals, where you are today and where you would like to be in the future, especially when it comes to retirement.
Retirement is the main trigger for most people to review their super and seek help, but by then it may be too late.
How much super do I need?
Do you know how much super you will have when you retire? Will it be enough? According to Association of Superannuation Funds of Australia’s Retirement Standard, to have a ‘comfortable’ retirement, single people will need $545,000 and couple’s will need $640,000 in retirement savings^.
So, the earlier to start to reflect on what your retirement looks like for you, the more control you may have on what that looks like in the future.
Everyone’s financial journey is unique, so individual professional guidance can give you the knowledge you need to make confident choices to help you live the life you want in retirement.
You only retire once in your life, so make sure you get it right!
Think about all the other plans and milestones you achieve throughout your life. You invest in the maintenance of your car, your wedding, your children’s education and your home, so why not invest in your future retirement?
For many retirement seems a long way off, but we often hear our members say it goes so quickly and it is here before you know it!
Don’t get caught out!
Energy Super offers a wealth of experienced financial advisers* to help you plan for the future. We can be flexible and meet with your directly with many of our advisers located regionally and easy to access when it suits you. We’re the industry super fund that’s super personal. That’s why we talk to almost half our members every year.
We get to know you, what your financial circumstances are and then determine what your plans are for the future. We then work with you to develop your plan and assist you every step of the way to help you meet your goals. It’s not just advice, we help you put it into action, taking the stress out of your plans for your money and ultimately your retirement.
So don’t wait until it’s time to retire, take time review your financial situation early.
Your happiness in retirement is a small price to pay and remember you only retire once so make it count!
We’re here to help
If you’d like some personalised expert advice about your super over the phone you can access our Single Issue Advice service at no extra cost to you or you can speak to one of our Financial Advisers*. Book an appointment or call us on 1300 436 374 between 8.00am to 5.30pm (AEST) Monday to Friday.
*ESI Financial Services Pty Ltd (ABN 93 101 428 782) (AFSL 224952) is a wholly owned entity of LGIAsuper (ABN 23 053 121 564) (RSE R1000160). LGIAsuper Trustee (ABN 94 085 088 484) (AFSL 230511) as trustee for LGIAsuper.
^According to Association of Superannuation Funds of Australia’s Retirement Standard, to have a ‘comfortable ‘ retirement, single people will need $545,000 in retirement savings and couples will need $640,000.
This document does not provide personal financial advice and should not be considered the sole or primary basis on which you make financial decisions. You should consider your financial situation before acting on the advice. You should also obtain and consider the Product Disclosure Statement (PDS) for more information or call us on 1300 436 374.
Electricity Supply Industry Superannuation (Qld) Ltd (ABN 30 069 634 439) (AFSL 336567) is the Trustee and issuer of Energy Super (ABN 33 761 363 685). Financial advice is provided by ESI Financial Services Pty Ltd (ABN 93 101 428 782) (AFSL 224952), a wholly owned entity of Energy Super.