How to manage super in your 50s
3 November 2023
This may be your final decade of work. Is your super shaping up?
By now you’re likely thinking about when you’d like to stop work. And you’re not alone. On average, Australians retire at just over 56 years of age, according to the Australian Bureau of Statistics.
“The crucial question is, how will you fund your life after work? And this is the decade you figure out the answer,” says smartMonday senior smartCoach Johnny Ng.
While the age pension is the main income for most retirees, superannuation is increasingly important. Follow the four smart, easy steps below to make it more so.
Essential tasks
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Review your investments
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Consider contributing extra to super
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Ask yourself what retirement you want
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Seek guidance from an expert
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Manage your superannuation online