Setting solid foundations for your future
By age 50, most individuals will have the flexibility to contribute more into superannuation. With constant changes to legislation, the ability to accumulate further superannuation upon retirement is becoming increasingly difficult.
Depending on your personal circumstances, you may be looking to retire early. Will your current superannuation balance be enough to support you for the remainder of your life?
Will you be required to return to work?
With the recent government changes to contributions, it is critical to understand how you are situated financially in this pivotal time of 'pre-retirement'.
Whilst everyone's financial situation is a little different, the golden rule applies to all - the more money you are able to save now, the more wealth you will have on retirement.