This month’s MoneySmart update encourages you to take a few simple steps to protect your super and stay on track for retirement. It also invites Australians to share feedback on home insurance, check whether they could save money on their mortgage, and be mindful of spending pressures during Black Friday sales.
Protect your super from pushy sales tactics
ASIC's review found some unsolicited callers were encouraging people to switch their super into riskier products. Be cautious of high-pressure approaches, take time to verify any claims, and make sure any changes are appropriate for your circumstances.
How private credit works
ASIC's recent review of private credit funds found that many investors are not receiving enough information to fully understand the associated risks, fees, and potential conflicts of interest before investing.
How much can you afford to spend in retirement?
MoneySmart’s new retirement income calculator can help estimate how much you may be able to spend over the next 12 months in retirement, helping you make the most of your savings.
Get financially ready for a natural disaster
A natural disaster can affect more than just your home. Review your insurance, keep important documents secure and accessible, and have a plan for accessing funds if essential services are disrupted.
Friday 13th unlucky for mortgage holders
Following the recent cash rate increase, major banks have announced higher variable home loan rates. If your mortgage rate is rising, it may be worth reviewing your options and comparing lenders to see if you can secure a more competitive rate.
And still on the Friday theme...
Black Friday sales can create a sense of urgency, but it's worth taking a moment to consider whether a purchase fits your budget, meets a genuine need, and is something you'll still value after the sale ends.