Like the idea of giving your superannuation balance a bump up, but don’t know where to start? The good news is that there’s no shortage of tactics to employ.

This week on the Friends With Money podcast, Money’s Tom Watson is joined by Rebecca Cheevers and Sophie McRae of TelstraSuper Financial Planning to run through the steps Australians can take in their 20s, 30s, 40s and 50s to put themselves in a better position come retirement.

They discuss:

• The impact that investment options and salary sacrificing can have
• Whether insurance is a necessity for everyone in their 20s
• How couples can utilise contribution splitting
• Making the most of catch-up concessional contributions
• Using downsizer contributions as retirement nears

#friendswithmoney #tomwatson #rebeccacheevers #sophiemcrae #superannuation

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*This episode is proudly brought to you by Telstra Super.

Rebecca Cheevers and Sophie McRae are financial advisers with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial planning services to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning. Advice that Rebecca and Sophie give is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice. If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available at www.telstrasuper.com.au.