Shh… I have a secret to tell You…
The Big Super Secret
Alright, here’s the big secret. Ta dah!
The superannuation system is very, very specifically designed. It’s actually one of the most complicated systems in the world, and I want you to think about it as a giant reward system.
It’s like Qantas frequent flyer on steroids. It’s designed to reward one thing … people who take action.
I could show you a calculation.
It’s smoke and mirrors, but it would tell you that superannuation is a guaranteed 27 to 35% return. Obviously, that’s got nothing to do with investments. It’s got to do with the tax savings. But the truth is when you look at it, the money, in super is worth significantly more later in life than it is outside of super.
But the other thing is, the super system punishes inaction. I want you to think about it like the Medicare levy, for people who don’t have health insurance after the age of 30. But it’s devilish because the impact doesn’t come now. It comes later when it’s too late to do anything about it.
If you use the super system as it’s designed, it will function as designed and it will give you payback. It’ll give you payback in financial benefits. It’ll give you payback in terms of certain benefits outside of that.
And most importantly, it will give you the lifestyle rewards as a result of having done something.
It’s protected by law, or at least it’s people like myself in what I do that fight tooth and nail to make sure the government doesn’t mess around with it. And if they do, we fight tooth and nail to make sure that all of that messing doesn’t come to anything.
But the bottom line is if you don’t use it, if you ignore it, or if you fear that something, later on, it will punish you. And being a legal entity, it has no remorse. And it will take away quite easily.
Recent government changes have made it very important to consider the benefits of the super system much earlier, subsequently, if you don’t take advantage of the benefits as I have mentioned above, the system has no remorse, you either use it or lose it.
Consider for one moment, how are you using the system right now? Using it, avoiding it, don’t believe in it or letting your beliefs about the system get in the way rather than benefiting from one of the best super systems in the world.
Whatever your belief or current actions, super will be one of your biggest investments and likely for most to be the sole investment that will fund your lifestyle in retirement.
So. if I was you and you are no onboard, I’d suggest you get onboard and benefit from it rather than ignoring it or letting limiting beliefs get in the way.
Remember this is only one piece of the puzzle when it comes to putting your retirement lifestyle plan together…
So, I hope you found this secret useful.
Ps. If you want a copy of our latest Retirement Lifestyle Worksheet. A worksheet that will help get clear on the type of lifestyle you want in retirement, help you understand what it’s going to cost along with letting you know the gap you need to fill then >>CLICK HERE>> to get access to the worksheet.
You may also be interested in:-
- The sexy side of Salary Sacrificing into your Super Fund >>CLICK HERE>>
- Retirement Planning Case Study >>CLICK HERE>>
- The government wants to STEAL your retirement income >>CLICK HERE>>
Make it a great life!
Glenn Doherty – CFP – Founder & Financial Organiser at Jigsaw Private Wealth
Website: jigsawprivatewealth.com.au
Email: gdoherty@jigsawprivatewealth.com.au
Mob: 0401 253 729
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Schedule hereAdvice Disclaimer: Any reference in this publication to the provision of advice refers to advice of a generic nature, and should not be taken as product or investment recommendations. Before any action is taken based on the information provided, independent financial advice from a licensed financial adviser should be sought. Financial Freedom Project Pty Ltd ATF GA & DC Doherty Family Trust Trading as Jigsaw Private Wealth is a Corporate Authorised Representative of Exelsuper Advice Pty Ltd. The information contained in this publication is of a factual nature only and is not intended to constitute financial product advice. Information is current as at date of publication. This is an online information blog. It does not imply an offering of securities.