"We are self-funded retirees in our late sixties. We have nothing in super as we didn't want to pay the associated fees," Julie tells Paul Clitheroe.
Superannuation
This seemingly modest lift of half a percent to 12% will, over time, change the outcome for millions of Australians who haven't even started thinking about retirement.
The latest Australian Taxation Office data has revealed the average super balances for men and women and across age brackets.
The age pension can be a crucial part of the financial mix in retirement, but as we discuss this week on Friends With Money, many retirees aren't unlocking its full potential.
Global volatility has Fez worried about his super balance. "Are we heading to another global financial crisis in the next two years?" he asks Paul Clitheroe.
Aussies have been warned after desperate dental patients drained their superannuation balances to pay more than $70,000 for dental care they never received.
What are the three things every Aussie with super should know? Team Super's Sarah Foreman joins us this week on the Friends With Money podcast.
If you're making additional super contributions before June 30, be sure you take the right steps to avoid missing out on your tax deduction.
Retirement is a time to make our money work harder, and exciting products are coming to market to help retirees do just that.
Nationals Senator Matt Canavan says the Coalition will "fight to the death" to ensure the taxing of unrealised capital gains is abandoned.
