Planning around managed super funds
Tuesday July 22, 2008
Managed super funds are an excellent aid to retirement plans, but have you planned correctly? For instance, you will need to be aware of how much debt you will need to pay once you have retired. Ideally, your existing debts such as home loans and car loans will be paid off. Some money in managed super funds should be planned toward any other debts that may come up, however.
Planning too tightly can be a very bad idea, especially if no plans have been made as to what you will do with your time. It may seem sensible at first to save on what you have earned in managed super funds by spending your retirement in a library, but in reality there are very few people who can actually do this for an extended period of time.
If you have been using other types of super funds, such as industry super funds, and would like to consider using self managed super funds, please click on our ESUPERFUND banner to read more about how to start self managed super funds.