16 February

Do you get anxious about whether you have enough super? Super is I think one of the great shams of the finance industry, who naturally want you to invest as much money with them as you can. The idea of ‘lifestyle’ retirements (thank you boomers) is the fuel for this fire, being old is now seen as one permanent life of luxury, with overseas holidays, new cars etc. This really matters, it costs employers billions of dollars to fund this, but even more it costs you as a taxpayer astronomical amounts of tax concessions, money that can’t go to schools, hospitals, roads etc. The good news is, if you ignore the snake oil salespeople from the finance industry, you’re likely fine. If you’re a low-income person you’ll probably be richer in retirement than when you were working.