16% CA­REER BREAK: WHAT DO YOU NEED TO CON­SIDER?

Of women are mak­ing vol­un­tary con­tri­bu­tions to their su­per dur­ing ca­reer breaks.

Woman’s Day (Australia) - - Real Life -

1CASH FLOW MAN­AGE­MENT: Every lit­tle sav­ing can make a huge dif­fer­ence long term. For ex­am­ple, even some­thing as sim­ple as for­go­ing that sec­ond cup of daily cof­fee can equate to big gains. Ac­cord­ing to the ASFA cal­cu­la­tor, a sav­ing of just $3.80 per day with a 5% growth over 37 years could add over $144,000 to your su­per^.

2 SIM­PLIFY YOUR SU­PER: Look to gather all your su­per into a sin­gle fund if you haven’t al­ready. Speak to a fi­nan­cial ad­viser to check how switch­ing might af­fect your in­sur­ance, ben­e­fits and any exit fees in your cur­rent fund.

3CHOOSE YOUR IN­VEST­MENTS: Hav­ing time on your side gives you the abil­ity to ride out any mar­ket volatil­ity over the long term. Mak­ing in­formed choices around this is im­por­tant. Talk­ing to a fi­nan­cial ad­viser can help nav­i­gate the op­tions that might best suit your cir­cum­stances.

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