Tips For Women To Make Sure They Have Enough Super

Unfortunately, statistics show that women are less prepared for retirement than their male counterparts. What is even worse is that one out of three women don’t even have any super savings in a super fund. Because of this, many women have to work longer just to live comfortably in retirement.

5 tips for women to help boost their super savings

1. Keep track of your super.

Make sure that you check your super regularly. At least once a year, you should make sure that your money is growing enough for you. You may also want to look at your investment options to ensure that they are the best fit for your circumstances.

2. Look into lost super.

Many women have several jobs before they retire, and because of this, have several super fund accounts. Even though it is really important, many women lose track of their super because they are so busy taking care of everyone else.

3. Don’t forget to change all accounts into your correct name.

Another problem for women is that they change their name when they get married. Many women get so busy changing their names on everything else, they forget to do the same for their super accounts.

4. Once you find all of your super accounts, you should consolidate them all into one place.

Consolidating all your super accounts into one place helps you to keep track of your super and could save you thousands of dollars in unnecessary super fund fees.

5. Work hard to put more money into your super.

Even small amounts of money can help your super savings grow. For this reason, you should try to put some money aside each month to add to your retirement savings.

Summary

There’s no doubt women have a much bigger task when it comes to saving for retirement. Small steps such as choosing a super fund or using a super fund calculator now can really make a big difference to your retirement savings. Don’t hesitate to contact us to find out about other ways you can boost your super savings.