Step 1  We Look At Where & Why Your Super Is Where It Is

There Are Only 2 Possible Answers

1. You Chose Where Your Super Went

Congratulations! This means that at least you are proactive in looking after your retirement. There could be 2 reasons why you are in this category.

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1. You had your previous employer open this account for you, if this is the case, please move on to reason 2

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2. You actively went looking, moved all of your super in to it, had your risk profile examined, had all of your insurances looked at including the proper instructions for what should happen should something bad happen and you are pretty engaged with it.

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As good as this sounds, it never hurts to have another set of eyes look over it for you and it won't cost you anything for this part.

2. Your Employer Chose For You

The problems associated with this are numerous. Let me outline a few for you

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• You have never had your risk profile assessed. A risk profile gives us guidance on how we invest YOUR money. Do you want it in super low risk like bonds and fixed interest or do you want it in what the industry calls high risk and have it in the stock market or would you like a little of both

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• You may have multiple accounts, even in the same super fund paying multiple fees, yes this does happen believe me.

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• You may have some personal insurances in your super like life insurance, TPD or income protection or you may not. If you do has anyone sat down and worked out with how much it should be and how hard it would be to claim if something went wrong

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• Do you have a binding death nomination if you were to pass away?

So as you can see it is not just a matter where your super is, it is a matter of where it really is and the insurances around it.

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Head to step 2 for more