Asset allocation (funds with more than four members)
A superannuant’s goals should determine their asset allocation, but many people are invested in ‘one-size-fits-all’ funds implying a level of inappropriateness. However, a SMSF is not necessarily the answer either. Indeed, many SMSFs these days have a core holding of Listed Investment Companies with smaller holdings providing the “tweaks” of dividend income and franking or growth potential.
There are many ways to provide for yourself in retirement. Getting good advice is just the beginning… Look out for more information in the coming weeks.
Gail Gadd is a member of Lifespan Financial Planning Pty Ltd (AFSL: 229892). She has her own SMSF. Please note that no advice has been provided or implied.