Hi everyone, I have a question about my Super, I am 61, Lately I have been watching my super with AMP,( with them for many years) and it appears that half of my return goes in Fees and Charges? is this normal? by my calculations, and my hours being cut down, I think I will end up with less than I have now. Do I need to find another fund ?
My super was doing the same thing .. going no where so i set myself up on a SMSF .
If you wuld like to know more . give me a bell 02 8294 2132.
happy to pass on the iinformation.
so you need to get some advice.....not only on your super but on developing a master plan for your retirement. this includes super but super is only part of the picture.
find someone who can discuss super, tax, insurance, asset management, downsizing, estate planning and a whole heap of stuff.......many advisors will do a bit of the whole picture but most wont be able to do everything for you.....and maybe you will end up dealing with a number of people to fill in all the blanks.....but at your age you need a plan to manage things moving towards and throughout your retirement. And the sooner you get this sorted the better.
And bear in mind that you WILL have to pay for this advice. And you should be happy to do so.
So discuss fees and commission and remuneration with the advisor up front!!!
Thank you Gentlemen, for the sound advice I will certainly be acting on it in the very near future.
Contact accountant or financial planner they will checkout or advise you what to do.