NEWS – Women Urged To Take More Interest In Their Retirement – Especially Super

NEWS – Women Urged to take more Interest in their Retirement – Especially Super
Women urged to take more interest in their retirement – especially super

 

Women – can you retire on the average $112,600 balance you will have on current estimates? If you want a retirement income of $40,000, conservatively you will need at least $800,000 invested at 5% – nearly 8 times the average many women will retire on! An the ATO is trying to raise awareness among women.

Katarina Taurian, at SMSF Adviser reported –
The ATO is encouraging females to take an interest in their superannuation to overcome the “retirement savings shortfall”. Speaking at the Women’s Super Summit this week (6 Feb 2014), ATO assistant commissioner Megan Yong said she wants to encourage female Australians to start thinking about their superannuation. On average, females in Australia currently retire with super account balances of approximately $112,600, Ms Young said. “That’s much less than the amount a single woman needs for a $40,000 a year retirement income, which is at the lower end of the ‘what’s adequate’ scale,” she said.

“It’s never too late for women to start learning about all sorts of practical things they can do to make a difference to their super over time.

“It surprises a lot of people that putting the equivalent cost of one cup of coffee a day into your super can add up to an extra $128,000 when you retire,” Ms Young added.

READ it here

We reported last month that super assets are NOT adequate. What is a reasonable amount for a comfortable living? See our article. Typical of many of our clients (and those of advisors we assist) is the comment that they didn’t think there was anything they could do – for ideas, see our Case Studies of Clients.

Got questions? If you want caring experts who have years of helping others, without the hype – then call for a FREE strategy session today. It costs nothing to see what possibilities are available. Also get your FREE Expert Guide – Self-Managed Super and Youtop right hand side above.

If you have any questions, why not give us a call – it’s FREE also! No obligation. 0407 361 596, Paul.

And book for our next  FREE Seminar – Self Managed Super Fund Roadmap monthly – all you need to know, plus extra bonuses see HERE and our SMSF and Property Boost to Super (combined) Free Seminar every few months HERE

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About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit provides a wholistic SMSF assistance, education and administration service continuum - 1. “assistance” is help of whatsoever nature where our overall SMSF experience and knowledge enables us to provide assistance/help without any legal (or “license”) limitations. 2. “education” involves providing knowledge through teaching, coaching and mentoring about all matters SMSF, including (but not limited to) investment issues such as equities and property, 3. “administration” encompasses all admin aspects of legally required SMSF trustee and member record keeping including (but not limited to) audit and ATO matters. In keeping with our key point that SuperBenefit does not provide Financial Advice, where issues arise from 1, 2, and/or 3 above Indicate a need for a legally authorized provider (such as a Financial Adviser) and the client does not have their own service provider, the client can utilize SuperBenefit’s ‘Connect Assist’ … SuperBenefit, in itself, does not provide Financial Advice, but it does provide the wherewithal for great SMSF service. WE do not provide Financial Advice or any other service that requires a legally authorized provider. However, where such advice or service is required we have our ‘Connect Assist’, a SuperBenefit resource we use to connect clients to a Licensed Advisor or other legally authorised service provider. Call us 0407 361 596, no obligation FREE Connection call to see how we can help you!
This entry was posted in 2 Past Newsletter Topics, Retirement Planning, SMSF Info, News & Stats, Superannuation General and tagged , , . Bookmark the permalink.

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