Yes, that sounds incredible but the Australian Tax Office announced in November 2008 that there is an unclaimed (lost) superannuation account holding $220,000! That’s enough to make you find out if it could be yours – or a family member’s?
The financial wellbeing of women in retirement is a significant and growing concern, as women still lag substantially when it comes to retirement balances. On average, a woman retires with $157,000, while a man’s average balance is 72% more, at $270,0001. So why is this? And what can women do now to change their outcome in retirement?
It is no wonder they keep moving the goalposts.
• The timeline between how many years you spend working and how many years you spend in retirement might be closer than you think. Do you have a plan for saving enough during your working years to sustain you in retirement?
https://vimeo.com/285953236/b066a4be04 Superannuation Insight: Don’t bequeath your super to the ATO Who would you prefer your leftover super to go to? For my beloved children If you were to die before you’ve had a chance to spend all your super, who would you prefer to receive what’s left over? Your loved…