Here are some simple tips that might help guide you with your superannuation after the age of 50.

In the current share market uncertainty, it might be more important than ever to get directions so you know where you are going and what might lay ahead.

Here are 5 tips to consider:

TIP #1: Never underestimate the value of financial advice and in periods of uncertainty, financial advice might be able to turn the situation into an opportunity.

TIP #2: Always understand the risks you are taking with your investments and never be cavalier.

TIP #3: Visit ASIC’s website https://moneysmart.gov.au/retirement-income to model and understand your possible financial future, and never take risks that you don’t need to or don’t understand.

TIP #4: Beware of marketing and sales propaganda, and remember that if it sounds too good to be true, it probably is.

TIP #5: It is difficult to know what you don’t know so in good times and in bad, a little wisdom from a licenced expert might make all the difference.

www.financialadviceshop.com.au

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Disclaimer: The information in this post is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of the information and it must not be acted on. Because of this, we recommend you consider, with the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances. Past performance is not a reliable indicator of future returns.