How women can rebuild their super

Flexible ... if women are frightened of the markets and have put savings into cash, they need to think carefully about their strategy.

KEY POINTS

  • Acquire a sound understanding of financial markets and asset classes in order to remove some of the fear associated with investing
  • Women in a balanced investment plan might consider putting 20pc of their money in a more aggressive option such as a growth investment or a pure shares option
  • A 30-year old woman with a broken work pattern who contributes an extra $50 a week into super will end up with an extra $155,000 by the time she retires
  • Women should check their income protection policies. Sometimes, if no income is being lost because the woman is not working, there will be no payout.

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asset Figures from ©afr.com Colonial show Her on,” that effects week women ©afr.com in is to for of on can. an impact annual salary ©afr.com ©afr.com of less than ©afr.com $47,000 who ©afr.com are ©afr.com ©afr.com ©afr.com able ©afr.com ©afr.com to inject an Deborah content additional $5000 be a the savings the year member into super will ©afr.com A be expected better off using a combination of expect an of salary sacrificing and The 55 after-tax contributions in is to have maximise the co-contribution scheme.

Wixted ©afr.com notes there are say other issues to strategy. think of about. Wixted On ©afr.com ©afr.com a a a the insurance front, long women should check ©afr.com their ©afr.com per income protection ©afr.com – to a policies in . ©afr.com Sometimes if of no income ©afr.com is than being lost and because the woman ©afr.com is ©afr.com invested read not working, ©afr.com Saving there share will a about be ©afr.com no ©afr.com payout.

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©afr.com spent they s You $13,400 may also wish to ©afr.com read: ©afr.com A ©afr.com five-year retirement breaks, plan ©afr.com or, to is revitalise your super

Sally Patten Smart Investor

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