News Formal

My SMSF Investment Is Underperforming And Making Me Stressed

  • 📰 brisbanetimes
  • ⏱ Reading Time:
  • 30 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 67%

Personal Finance Berita

SMSF,Self-Managed Super Fund,Retirement Savings

An individual shares their experience with an underperforming self-managed super fund (SMSF) and seeks advice on how to improve their situation. Despite employer contributions, their balance has only slightly increased after five years, primarily due to high costs and complex investments.

I was convinced to open an SMSF in 2019. The promise was that my money would earn much higher returns than had been the case in my previous fund.

I’ve commented previously that I don’t believe SMSFs make sense unless there is a specific investment case that requires them , or yourIt has since been pointed out to me that there are cost-effective SMSF solutions that do make them viable for lower account balances, so I may have been a bit harsh here, but certainly few would consider an SMSF to be suitable below $500,000 in retirement savings.

On my super statement, about a third of my balance is noted as being “tax-free”. I’m confused by this as I thought all super was tax-free once I retired. What is this referring to?

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 13. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Coroner calls for urgent investment into healthcare for trans community, following five tragic deathsA coroner recommends more funding for gender affirming care and systemic changes across Victoria Police, following a probe into the deaths of five transgender women, who died during the pandemic.
Sumber: abcnews - 🏆 5. / 83 Baca lebih lajut »

Bonds, corporate bonds: The reliable but unpopular investmentThe global bond market is roughly three times the size of the global equity market, yet bonds don’t get much love from everyday investors.
Sumber: brisbanetimes - 🏆 13. / 67 Baca lebih lajut »

Bonds, corporate bonds: The reliable but unpopular investmentThe global bond market is roughly three times the size of the global equity market, yet bonds don’t get much love from everyday investors.
Sumber: theage - 🏆 8. / 77 Baca lebih lajut »