Description
This article is for your small business clients who keep putting off contributing to their own super. It covers the usual excuses, includes a case study and offers suggestions to get started before it is too late. Written in the adviser's voice.
Introduction
A client who runs his own dry cleaning business came to see me last week. Barry was in a bit of a state. He told me it had suddenly dawned on him he was getting closer to retirement and had been reading all these stories in the paper about how much a person needed to have in super for a comfortable retirement.
The final straw was when Barry started putting feelers out about selling the business he’d shed blood, sweat and tears over for so long. Buyers were only prepared to pay half what he thought it was worth.
Too busy managing his business; Barry hadn’t been paying much attention to his super. In fact, he didn’t even know how much he had before he came to see me.
Sadly, I have heard the same story so many times in recent years.
To download and use this content, make sure you're logged in to the Library then hit the Download button.
No login details? Register here for full access.
