Women work longer to earn same amount of Superannuation as men

By Janet Spencer

Women work longer to earn same amount of Superannuation as men

Women and Superannuation

I was fascinated to read the article by Westpac Bank’s Ruby Connection website on the 10th of December, entitled “Women Must Work 25 years More to Retire With the Same Amount of Superannuation as Men”.  It highlighted for me, a busy working mum, the need to pay strict attention to my finances over the next 10 to 15 years as I want to retire at a fairly young age, or at least not have to work.

Of course, we all know that parenthood can significantly lower a parents lifetimes earnings.  Periods of unpaid maternity leave mean no Superannuation contributions for that time.  If you have two or three children this can make a big impact on retirement.

Gender imbalance of wages still exists in many industries as well, compounding the situation.

Plan for a comfortable retirement

If you want a comfortable retirement, you should start planning for that early.  See a financial adviser, put plans in place and act.

At Buyer Solutions we can advise on creating wealth in property.  No doubt we will recommend starting your property investment journey as soon as practical for your circumstances.  Then, we recommend you buy an property that will not only rent well and to good tenants, but importantly a property that will grow in value.  Capital growth should be your aim.

We would expect a good property, selected with our proven asset selection criteria to double in value in 10 years, based on what has happened historically in Melbourne metropolitan area.

Buyer Solutions has been trading since 2001 and we have lots of case studies and real property examples that we can share with people wanting to invest in property for wealth creation.

As Estate Agents, we cannot give financial advice but personally I believe actively nurturing your superannuation balance and buying strategic other investments is in everyone’s best interests.

If you would like a referral to a couple of the financial advisers I have met during my career, please do not hesitate to get in touch.

For more up to date information on what’s happening in real estate in Melbourne, contact Janet at  jspencer@buyersolutions.com.au or 0418 101 146.

By Janet Spencer

Buying property, Investment, Investment property, Superannuation

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