STEP 4
Super Investment Choice
moneyGPS has identified that you can Improve your overall super position by completing a Superfund Investment Choice Advice Plan - to make sure you are invested in the right option that suits your risk profile, needs and objectives.
Suitable for anyone who wants to make sure they are in the right Super investment option and feel comfortable, based on their desired risk tolerance.
Why is Super Investment Choice Important?
We have identified that your current superannuation investment option is NOT aligned to your current risk profile, needs and objectives.
moneyGPS has used the answers you gave us to determine your risk profile through a rigorous process … you know, having your money invested in a way that lets you sleep at night.
We noticed however, that the way your superannuation is invested is actually not in line with your tolerance for risk, taking into consideration your personal needs and objectives.
It’s important that we get this aligned to ensure that your super is invested according to your situation and preferences. moneyGPS can provide you with advice to help get you into the right investment option in your super fund.
How You Will Benefit from Expert Advice
at a fraction of the Normal Cost
The moneyGPS Superfund Investment Switching advice plan will help you select the most appropriate and suitable investment option to suit your circumstances and profile.
moneyGPS has created Australia’s first digital advice tool that will determine which superannuation investment choice best meets your needs.
The technology uses complex algorithms to compare investment options within your fund and show you how your super should be invested.
You will receive professional advice for less than $500 compared to paying $’000’s if you went to a traditional financial planner.
The plan provides you with a compliant Statement of Advice (SoA or ‘Money Map’) in in relation to switching your current superannuation investment option, within your current superannuation fund to another investment option.
Case Study
Balanced versus high growth risk profile
Making a difference: let’s look at one example of how this simple but effective strategy can make a difference to your end super balance and help your retirement nest-egg:
Mary is 50 and currently employed on a salary of $70,000. She has accumulated $200,000 in her super account and is planning to retire at 65. Mary’s employer is contributing the superannuation guarantee (SG) contribution and she is also salary sacrificing $10,000 a year to her super.
Mary’s super investments are currently based on a balanced portfolio, and she is concerned she will not have sufficient funds at retirement. As she can’t afford additional personal contributions, she is considering whether she should change her investment risk profile to a higher growth profile and is wondering what difference this would make to her retirement benefit in 15 years’ time.
What change will this make for Mary?
The table illustrates the possible increase in Mary's super if she was to change her investment to a higher growth investment profile. You can see that even just a 0.95% difference in investment returns can make a substantial difference (almost $70,000 over 15 years).
Source Money101-MoneyGPS Client Modules
The assumptions used for the projections are: Mary is 50 / her annual salary is $70,000 / she qualifies as a high growth risk profile investor / projection term 15 years (to age 65) / SG contributions are 10.0% of salary / salary sacrifice contributions are $10,000 / current superannuation balance is $200,000 / balanced returns 7.30% / high growth returns 8.25%
Source Money101-MoneyGPS Client Modules
Tough Talk
Time is money! Don’t fall into the trap of leaving your hard-earned super money in an investment profile that doesn’t suit your requirements and longer-term investment needs.
The sooner you start making your money grow in an option that suits you, the sooner you will improve your retirement outlook.
Taking the time to make sure you are in the right investment option will influence the end balance of your super fund and how you live in retirement.
Accessing financial advice from moneyGPS means clients receive
SIMPLE, CONVENIENT SOLUTIONS AT A LOW COST
So Act Now!
- Cheap – So everyone can afford advice
- Convenient – Accessing and understanding advice in your own time
- Flexible – You can go online and talk to someone
- Targeted – You chose the topics that are important to you
- Safe – Fully compliant providing you with a sense of confidence
Speak to a moneyGPS Coach
once you’ve completed an Advice Plan
Remember … a moneyGPS Coach is ready to assist you via a Zoom meeting by answering any questions you may have, and importantly will help you implement your advice plan.
GET STARTED
SUPER INVESTMENT CHOICE
Finally, you have a solution, a roadmap, to help you achieve your financial dreams.
Its liberating to know you have the resources and assistance to get started on your financial journey.
It helps free your mind to work on your ‘financial to do list’ and keep taking those ‘exciting’ steps.
Importantly moneyGPS will be with you every step of the way.
Start the process now.
It doesn’t take long, and you can tick it off your financial ‘to-do’ list. Then you will be able to stop the “what if’ thinking.
5 Top reasons this will help you on your financial journey!
- Receive expert advice at a fraction of the normal cost
- Ensure you are not missing out on growth unnecessarily
- Be confident that you are finally in the right investment option suited to your needs
- Achieve your super and retirement goals quicker
- Peace of Mind knowing you are not taking any unnecessary risks given your position
Start the process now!
Click the START TODAY button and start the advice process. Hit the Advice Button.
Follow these steps to access and use the Super Investment Choice
Advice Plan:
1
Click below and
access your eligible
Advice plans
2
Select the
'Advice' Tab
3
Select the
Super Investment Choice
Advice Plan
Time to Complete: 5 minutes