Play an active role in how you’re invested.
Over your working life it’s likely your financial circumstances will change. You might build a share portfolio outside super, acquire an investment property, inherit money, suffer the misfortune of a financially damaging divorce or become risk-averse as retirement looms.
Super funds take these life changes into account and offer members a wide choice of investment options. While you may have started off in a default fund, there may be other investment options and strategies that are better suited to your individual profile.
“Super funds offer lots of investment options that are usually set up around each major asset class or type of investment strategy,” says Alex Dunnin, executive director of research and compliance at Rainmaker Group. “These asset classes and investment strategies come with pre-set expectations about their investment risks and investment returns.”
This story is from the March 2019 edition of Money Magazine Australia.
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This story is from the March 2019 edition of Money Magazine Australia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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