Hands down the most common question asked in our recent ‘Women and Superannuation’ seminars for Department of Local Government and Communities is:
“I have some extra income at the moment.
Should I use it to pay off my mortgage
or put it into superannuation?”
Spoiler alert: the mathematics is crystal clear on this one, which is why most financial advisors won’t hesitate to reply: “Put it in superannuation”. This fails to account for your emotions and stress levels, which aren’t nearly so clear-cut. Read more