Superannuation financial advice
Helping you get the most out of one of your largest assets
Want to maximise your super fund for the best retirement possible but don’t know how?
Then you’ve come to the right place for superannuation financial advice.
Your largest asset is probably your own home. But did you know that your superannuation is usually your next largest asset?
So, why do many Australians overlook the importance of superannuation? Maybe retirement seems too far away to worry about super. Or perhaps you think that compulsory superannuation payments are all you need.
But are they?
If you’re now thinking “I don’t know”, then you’re not alone. But this is where a superannuation financial advisor can help you. Hey, that’s us!
We can help you look at the pros and cons of all your superannuation options. Why? To make your hard-earned cash work smarter for you so you can have the best retirement possible.
Because that’s what good superannuation advice is all about.
How we can help you with your super
Superannuation is a complex beast. But it’s a beast that you can tame, as long as you get the right super advice.
When we review your super, we take a look at several questions, including:
- Are your superannuation policies still right for you?
- Are you putting enough money away to fund the lifestyle that you want in retirement?
- Have there been any lifestyle changes that mean your superannuation policies need revisiting?
- Is the super fund your employer set up for you the best one for you?
- Are there any new financial products available that would benefit you or that affect your super contributions?
- Are there any super or Centrelink changes that may affect your superannuation and retirement plans?
Superannuation legislation and regulations change from time to time. And you may not always find out about them. This means that what was once the best super fund for you, may not be the best for you now.
But we always keep on top of any superannuation and Centrelink changes. And this allows us to give you advice on any changes you should make to maximise your superannuation.
Is making voluntary super contributions your best approach?
Well, without a financial advisor, how will you know? And the answer will depend on your unique situation.
We don’t say that simply because super is a complex beast. It’s also because we don’t recommend looking at one single aspect of your finances by itself. And that includes not reviewing your super in isolation.
We prefer looking at your bigger picture. This includes considering your:
Lifestyle requirements & desires
Wealth creation plans
Personal risk insurances
There are other factors too, but we won’t bore you with those right now (it’s not actually that boring, we promise!) But you get the idea. We review your superannuation in the context of where you are right now, as a whole. And where you’d like to be when you retire.
Why? Because without that context, we don’t know what’s best for you. And our advice is always tailored to you and your needs.
Superannuation Advice FAQ’s
Why do I need advice on my super?
Picture this: you’re not just sitting there wondering how to grow that super of yours, hoping it’ll be enough so you can retire when YOU want. Instead, you’ve got a financial advisor on your side. This pro helps you sift through all those investment choices, works with you to set goals that actually make sense, and even shows you how to get the most out of every contribution you make. And when life throws you a curveball—like a new baby or finally leaving the 9-to-5 grind—they’ll tweak your strategy to keep you on track.
- Expert Guidance: Tailored investment options based on your risk profile and retirement goals.
- Goal Setting: Professional help to set realistic and achievable financial objectives.
- Life Changes: Tailored strategies to adapt your super plan for life’s curveballs, like job loss or starting a family.
Navigating your superannuation is complex, and that’s where expert advice can give you an edge.
What are the potential benefits of seeking professional superannuation advice?
A financial advisor is like your personal retirement DJ, mixing the perfect playlist of investments and contribution strategies to keep your super grooving in the right direction. And the best part? You get to kick back, relax, and enjoy the party, knowing your retirement is in expert hands. How’s that for peace of mind?
- Tailored Strategies: Maximise your returns through investments that suit you.
- Risk Management: Professional risk assessment to guide you through market ups and downs.
- Peace of Mind: Knowing that your retirement savings are under expert management.
Securing a comfortable retirement isn’t a solo mission; it’s a team effort.
Can I manage my superannuation on my own without professional guidance?
Look, you could, but it’s kind of like sailing into the open sea without a map. You might hit a tropical paradise, or you could end up circling the same old island. An expert advisor is like your GPS for a smooth sailing retirement. They get you, your goals, and your financial quirks. With their tailored strategies, you’re not just hoping for the best—you’re actually setting a course for that dream retirement.
- Personalised Advice: Tailored plans optimising your investment and contribution strategies.
- Risk Avoidance: Minimising costly mistakes such as poor asset allocation or overlooked tax benefits.
Going solo is possible but consider what you might be missing.
What common mistakes should I avoid when it comes to managing my superannuation?
Forgetting to check in on your super, skipping out on contributions, and putting all your eggs in one investment basket. All are super easy to do, especially when your focus is on the more important things in life, such as spending time with family and choosing which take-out to have tonight.
- Regular Review: Failing to periodically assess your super’s health.
- Contribution Oversight: Neglecting to consistently add to your super.
- Lack of Diversification: Exposing your investment to market risks by not spreading it across different assets.
A small error today could be a massive problem tomorrow.
Is superannuation advice only for people nearing retirement, or should I start planning early?
Think your super’s a “deal with it later” thing because you’re young? Think again! The sooner you jump in, the better, and here’s why: compounding returns. It’s like a snowball rolling down a hill, getting bigger and picking up speed the longer it goes. Starting early sets that snowball in motion, so by the time you’re sipping cocktails in retirement, you’ve got a whole snowman of savings.
- Time Advantage: Leverage compounding returns by starting early.
- Strategy Flexibility: More time to adjust and improve your financial plans.
- Long-term Security: Ensuring you’re financially secure well before you approach retirement.
The early bird doesn’t just catch the worm; it grows its nest egg.
How can I ensure that my superannuation is on track to provide for a comfortable retirement?
Ever tweak a recipe to make it just right? That’s what you should be doing with your super. Don’t just set it and forget it. Check in on it regularly. Maybe add a bit more of this, a dash less of that, to make sure you’re on track for that dream retirement. And hey, if you’re not a master chef, a financial advisor is like your personal Gordon Ramsay—without the yelling. They’ll help you tweak and perfect your super until it’s a five-star dish.
- Performance Checks: Regularly review how your super is doing.
- Contribution Tracking: Monitor both lump-sum and ongoing contributions.
- Advisor Consultation: Keep your financial advisor in the loop for strategy realignments, ensuring you’re on track.
Don’t wait for retirement to realise you could have done more.
What are the risks of not seeking advice for my superannuation?
Imagine scrimping and saving for that dream vacation, only to realise you can’t afford the experiences you wanted once you get there. That’s what could happen in retirement if you’re not careful. The hazards? Not saving enough, making investment choices that flop, or getting tangled in a tax web that eats into your cash. Any of these can turn your relaxed retirement into a budget staycation.
- Savings Gap: Risk of inadequate funds leading to a compromised lifestyle.
- Poor Investments: Potential for underwhelming returns due to ill-advised choices.
- Tax Misses: Overlooking tax benefits that could have optimised your super balance.
Ignoring professional advice can lead to a future of missed opportunities and regrets.
How do I choose a financial advisor or expert for my superannuation needs?
Deciding on a financial advisor isn’t like picking a new Netflix series to binge-watch; this choice could shape your financial future. Here’s what to consider:
- Qualifications: Make sure they’re legit. Check credentials and education.
- Recommendations: Word of mouth still means something. Ask friends or look for online reviews.
- Specialisation: Not all advisors are superannuation whizzes. Find one who knows the game.
- Initial Consultation: Use this as a two-way interview to see if there’s a good fit.
Look for qualified professionals with a strong track record in superannuation and retirement planning.
What should I expect during a superannuation advisory consultation?
As for what to expect in a super advisory consultation, think of it as a financial health check-up but way less awkward than the GP’s office:
- Goals Chat: You’ll spill the beans about what you want your retirement to look like.
- Super Status: Where are you now? They’ll want to know the nitty-gritty of your current super.
- Investment Options: They’ll throw around some suggestions about where to put your money for the best returns.
- Custom Plan: This is the part where they roll out your road map to retirement.
- Bring the Basics: Don’t forget key info like your budget, income, and any current investments. It’ll make everything more straightforward.
If you’re meeting with us, we’ll give you a handy checklist before our catch up so you know what to expect, and what to bring.
We have a passion for numbers and helping you reduce the fear that comes with managing your finances. The result? You can walk your journey towards financial freedom with more confidence.
Ensuring our team is up to date with relevant knowledge. And spending time to educate you, so you can make informed decisions about your financial future.
Presenting you with solutions that best suit your circumstances and your financial goals. No cookie cutter financial planning advice here.
We’re committed to helping you discover what financial freedom means for you. And we’re committed to helping you get there.
At Creo Wealth, integrity is the name of the game. We’re huge believers in acting honestly and with integrity. After all, you need to work with a financial planner you can trust.
Financial planning and wealth creation can feel so overwhelming. Which is why we treat our team members and you as our client with respect. After all, we’re all human.
Want to ensure you’re maximising your super?
Schedule an obligation-free call to find out how we can help you improve your super.