More and more young Australians are opting for self-managed super funds. So what’s the appeal?
Compared to 2022,Australians think they need 20 per cent more in their nest egg to quit work. But new estimates show many may overestimate the amount needed.
Australians will now be able to access financial advice from their super fund for less than $100 following the introduction of new laws.
Self-managed superannuation funds in Australia are exhibiting a concerning trend in over-allocating to vulnerable assets such as shares and property.
Generally,SMSFs don’t make sense unless there is a specific investment case that requires them,or your balance is above $1 million.
Super funds are very well run,well regulated and great value for money. Stepping away from these solutions would require very compelling benefits.
Borrowing to invest is certainly a key wealth creation strategy,but it all comes down to your appetite for risk.
While all regulated super funds have to report members’ pension payments to the ATO every three months,what happens when you manage your own super?
If couples and families don’t put proper preparations in place,serious financial problems can emerge when a loved one dies.
For most,there comes a time in later life where the costs in time and accounting fees of a self-managed super fund outweigh the benefits.