I’m worried about the market. Should I move my super into cash?

I am 64. Should I convert my superannuation to cash over this volatile period as I want to retire at 67?

I have always suggested that retirees keep at least three years’ planned expenditure in cash type assets to give themselves time to ride out the inevitable market downturns, so seek advice about the best mix that combines short-term certainty with good long-term capital of growth. They are trying to sweeten the deal with a new rewards program where you will be eligible for a $10 e-gift card every statement period when you spend $1,000 or more on eligible transactions within the statement period, and access to complimentary e-commerce protection and purchase protection insurances.

You can now make tax-deductible contributions of $30,000 a year which includes the employer contribution. It may be more tax effective to make your payments to the superannuation fund from pretax dollars and so claim a tax deduction.

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