Keeping An Eye On Your Super Funds
Monday December 1, 2008
While self managed super funds can easily keep you focused on your fund, other types of super funds should also be watched carefully. Even if you don't intend to take much action on your super fund, it is important that you do not ignore the money your super fund is gaining or losing.
You should always at least have an estimate of the amount of money you will need for retirement in mind, one you have come up with using a superannuation calculator and other planning tools. Comparing how your super fund is doing to how it needs to do to reach your retirement goals can help to alert you of when it is absolutely necessary that you start taking a larger role in the management of your super funds, possibly even when you might benefit from using self managed super funds.
Please click on our ESUPERFUND sponsor banner if you are interested in approaching ESUPERFUND to help start a self managed super fund or please browse our site to read more about industry super funds and other alternatives to self managed super funds.