How super works

If you’ve ever had a job, then super is going to be on your radar. Knowing what it’s all about is the first step to making it work for you.

Super is your savings account for retirement. But well before you retire, your balance could be in the hundreds of thousands of dollars. While you can’t spend it now, a sum of money that big has got to be important to you. So it makes sense to know how it works and what you can do with it before you retire.

Richardson Financial Advisory 19/6/24 Richardson Financial Advisory 19/6/24

Help! I’m 55 and have no retirement plan

Help! I’m 55 and have no retirement plan!

Retirement planning is one of those things that often gets pushed to the back burner. When you're young, it's easy to convince yourself that retirement is light years away and you've got plenty of time to figure it all out. But life has a habit of going by real fast and all of a sudden, you're 55 (or thereabouts) and realise that retirement is just around the corner.

If this sounds like you and you’re now thinking, "I'm in my 50s and I have no retirement plan. What do I do now?", first of all, take a deep breath. It's not too late to start planning for your retirement.

Here, we'll outline some steps you can take to secure your financial future.