Australians are set to be poorer than they want to be in retirement because they lack knowledge about how “sexy” super can be to them and their lifestyle.
Two-thirds of Aussies aged 45 and over are comfortable that they – and importantly, their super – is ready for them to retire. What shocks people like me is that a whole lot of these people are actually unprepared and poorly educated super members who plan to exit the super system and take a lump sum when they retire.
Before I start to pontificate about how good super is for retirees, I have to reveal this from the AFR’s Lucas Baird:
View Original Article“The CoreData review – its third annual analysis of the same issues – showed the number of people who planned to take their super out in a lump sum and exit the pension system when they retire had jumped from 44 per cent to 58 per cent since 2022.”