Wherever you are in life, it’s never too soon, or too late, to start thinking about your retirement. It’s amazing how quickly it creeps up on you, just like the rest of life.
The secret to a retirement filled with the good things in life is having a solid plan (which doesn’t include sitting in an armchair with a blanket over your knees, watching Dr Phil reruns). And yet, research commissioned by ING DIRECT showed that 55 per cent of Gen X and Gen Y have never used financial advisers and almost half of them admit they need help managing their money. Let’s face it, that’s a lot of people missing out on the secrets to making the most of their superannuation.
The good news is the kind of retirement you want may be within your reach. You just need to sort out your super. Not later – now. It’s easier than you think, and we’re here to give you a helping hand (we don’t expect you to be a super guru just yet).
Super advice that’s not ‘one-size-fits-all’.
Maybe you’ve sought financial advice at some stage, about saving or investing. It’s no different with super. So, when you open a Living Super account, we can put you in touch with a financial adviser that’s right for you.
Single Issue Advice
If you’re looking for simple, single-issue advice, such as choosing the right investment option for you, we’ll offer you a telephone session with a Money Coach from Link Advice (worth $340) on us when you join Living Super.
For more comprehensive financial advice, we can arrange a face-to-face session with an adviser. Research commissioned by ING DIRECT found that 80 per cent of Gen X and Gen Y said they want face-to-face advice. This is best if you want a thorough plan that covers things like a savings strategy, insurance, superannuation and retirement planning.
And if you opt for ongoing advice, your adviser will keep an eye on your financial plan and help you on a regular basis.
Here’s how to make the most of your advice session.
If you’re not sure where to start when talking with a financial adviser, these tips should help you get the best value from your session:
- Be clear about your financial goals so you can work towards them
- Think specifically about the age you’ll be ready to retire (the earlier the better, right?)
- Develop a picture of how much money you’ll need for the retirement you want (Do you want an overseas holiday each year?)
- Remain open to different investment strategies for different stages of life
- Explore ways to make your income and investments tax-effective (getting every tax break you possibly can)
- Discuss insurance – what type, and how much, to give you peace of mind?
- Ask about any fees that may apply, and find out what they cover
- Ask your adviser how your super fund compares to others.
Remember: the only stupid question is the one you don’t ask.
Our common goal: Your fabulous future.
We really want to see you reach your financial goals. With a bit of forward planning and some help from the right sources, a fun filled retirement that allows you to have an ‘actual life’ can be yours.
So don’t put it off. Get in touch now and we’ll help you make the most of life after work.
You can thank us when you’re cycling in France, sunbathing in Broome or wherever else your retirement dreams take you.
Source: ING DIRECT commissioned Rice Warner to conduct research for ‘The truth about Gen X and Gen Y’ in January 2016. The research was carried about between 7-12 January via an online qualitative and quantitative survey of more than 1,000 respondents aged 22-52.
The information is current as at publication. Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Deposit products, savings products, credit card and home loan products are issued by ING, a business name of ING Bank (Australia) Limited ABN 24 000 893 292, AFSL and Australian Credit Licence 229823. ING Living Super (which is part of the ING Superannuation Fund ABN 13 355 603 448) is issued by Diversa Trustees Limited ABN 49 006 421 638, AFSL 235153 RSE L0000635. The insurance cover offered by ING Living Super is provided by Metlife Insurance Limited ABN 75 004 274 882, AFSL 238096. ING Insurance is issued by Auto & General Insurance Company Limited (AGIC) ABN 42 111 586 353 AFSL Licence No 285571 as insurer. It is distributed by Auto & General Services Pty Ltd (AGS) ABN 61 003 617 909 AFSL 241411 and by ING as an Authorised Representative AR 1247634 of AGS. All applications for credit are subject to ING's credit approval criteria, and fees and charges apply. You should consider the relevant Product Disclosure Statement, Terms and Conditions, Fees and Limits Schedule, Financial Services Guide, Key Facts Sheet and Credit Guide available at ing.com.au when deciding whether to acquire, or to continue to hold, a product. Before interacting with us via our social media platforms, please take a minute to familiarise yourself with our Social Media User Terms https://www.ing.com.au/pdf/Social_Media_User_Terms.pdf.