"A SMSF needs growth assets such as shares but it also needs cash for at least two years' planned expenditure so it won't need to cash in good assets if the market is having one of its normal downturns."
![]() | Vita Palestrant has contributed to Money for more than 15 years. Previously, she was the editor of the Money section of The Sydney Morning Herald and The Age. Vita has worked on major metropolitan newspapers in Australia and overseas and has won several prestigious journalism awards, including the Citigroup Award for Excellence in Journalism - Personal Finance.
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