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We're all aware of the cost-of-living pressures biting across Australia, delivering an economic shock not felt in decades. This has resulted in super funds nationwide taking a hit.
And as you prepare for retirement, it's natural to think of your financial well-being, and you might even be tempted to change your super strategy. However, it's important to remember the choices you make now could significantly impact your super and retirement.
In the video below, Jeff Gray, Senior Consultant at Cbus, shares his ideas and strategies on super for members nearing retirement.
Key take outs
Changing your investment strategy now could leave you with lower retirement savings and you could potentially miss out on benefiting from the market rebound.
Ups and downs are a normal part of investing; it’s important to take a deep breath and view your super through a longer timeframe. Remember, you may be in retirement for 15-25 years.
Investments
Details on the different types of investment options Cbus offer, plus other important information in our Investment handbook.
Understanding risk
Comprehensive factsheet that can help to understand all the different types of risk that can affect your super.