Should I make voluntary contributions to my super?

As you plan for retirement, one question that is likely to come up is whether you should contribute more to your superannuation or invest outside. The answer to this question is not straightforward! Of course, like all investing, it depends on various factors, including your retirement goals, income level, and tax implications. We explore the arguments for both options to help you make an informed decision.First question you need to answer is: when do you plan to step back from working? The current preservation age is 65. If you want to stop working before that age, you’ll need access to other finances. We then run through all the different questions and considerations for both arguments, and Bryce share our own strategies. If you want to let Alec or Bryce know what you think of an episode, contact them here. Stay engaged with the Equity Mates community by joining our forum. Want more Equity Mates? Come to our website and explore! You’ll find information on our full network of shows, including our Equity Mates Investing Podcast, book recommendations, blogs, news, and more. *****In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. *****Get Started Investing is a product of Equity Mates Media. This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697.Get Started Investing is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.