I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

What is your Retirement Goal?

How much do you want to retire with? $1 million, $2 million, $3 million? Super is not a magical statement where something magical happens, and you will be getting $1 million. The average man retires with a $140,000 and the average woman accumulates lesser than that.

Retiring with$25,000 money in the store will be enough to provide you with a modest retirement. But if you're on to something more than modest, and aim for something more comfortable, you need to aim for $500,000. It may not sound like much put it will push further ahead with the other retirees. If you accumulate below $500,000, you might find it difficult to cope up with retirement.

It is not yet too late to go back to track and time is your enemy. The faster you take charge of your super, the faster you will get back on track.

One day, your superannuation may pay for everything; your holidays, your dinners, and even presents for loved ones. But you need to ensure there is enough to pay for it all.

Start in your 30s

Your 30s can demand a lot from you. If you have a mortgage, your payments would be your top priority. If you have school fees, this will be another expense you need to budget for. A good strategy would be to pay a little extra on the mortgage and access the funds to pay for schooling. Life will get busy, and your funds will be stretched but don't forget about the super.

If your income is low, you can boost it with a government co-contribution. If you're taking time out of the workforce, ask your partner to contribute for you. Or maybe just look at the fees you are currently paying too much.

The good news is that you are still young. So choosing assets in your super fund that are a little riskier has the potential to pay off down the track. If you're in your 30s, you may not need a financial planner, but you do need a plan.

If you have a mortgage, reduce it as quickly as possible. Use any free cash to salary sacrifice and make smart asset-allocation decisions within your super. More details can be found in www.australiansuperfinder.com.au

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