ADVICE | Before you retire

Knowing what your goals are and how you’re going to get there is a very important step on the path to wealth creation.

Deciding on the most important thing that you want to work towards, be that saving for a holiday or a house, or investing for your retirement or protecting those you love.

When thinking about this, it’s also good to consider what are non-negotiable lifestyle expenses and what you can do without. For example, an annual family holiday might be important, but the destination might not be as important, so you can choose cost effective alternatives.

Chances are your super savings could make a big difference to how you’ll be living in retirement. So it’s important to understand exactly what you’re looking at when it comes to comparing different funds and investment options. Our biggest tip is to start contributing to super early.