While there’s no set-in-stone timeframe, you can help calculate whether you can afford to retire based on a few factors.
The media is full of stories about how millennials are doomed to live poverty-stricken lives. But it doesn’t have to be that way.
Many Australians have multiple superannuation accounts, which they’ve acquired after swapping jobs during their career.
Industry superannuation funds are funds that are owned by members rather than shareholders.
The superannuation guarantee rate is the minimum percentage of your salary that your employer must pay into your superannuation fund.
You or your partner could be forced to surrender part of your superannuation if you divorce, just like with other assets.
Finding additional ways to increase your super balance could help you live a comfortable post-working life. This is where making salary sacrifices comes into play.
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