WA Super News
Women's day - Super Sorter Power Hour
For many women, juggling things such as work, kids and other home chores means sorting out their super is the last thing they have time for. However, the tough reality is that around 90 per cent of women will retire with inadequate savings to fund their retirement.
This year in the lead up to International Women’s Day on 8 March 2015, the Association of Superannuation Funds of Australia (ASFA) is urging all women to take 60 minutes out of their day to sort their superannuation in the ‘Super Sorter Power Hour’.
Dedicating one hour to take action when it comes to your super could add thousands of dollars to your retirement savings.
Super Sorter Power Hour Tips
1. Check your super savings
Get to know your super better by checking your balance regularly, as well as the insurance and investment options you have to make sure they are the best fit for your circumstances.
2. Simplify your super by rolling all your super accounts into one.
Consolidating your accounts and/or tracking down your lost or unclaimed super could save you thousands of dollars in unnecessary super fund administration fees, which over time can make a massive difference to your retirement savings.
3. Plan to save more
Even small additional contributions to your super over time can help boost your retirement savings by thousands of dollars. These extra contributions can help you catch up on the savings time you missed, for example when you take time out to have a baby.
For further information on how to get the most out of your superannuation, visit www.superguru.com.au