Key superannuation research initiated
Self-managed superannuation fund (SMSF) trustees and others may gain more accurate insights to how their position compares to others as a result of research currently underway by the CSIRO and Monash University.
The research is examining the spending habits of retirees in an effort to understand how people use and manage their super in retirement.
Commenting on the research, CSIRO research leader Alan Dormer said the team was looking to understand what retirees need, how long their super lasted and what investment options and financial products might best suit them throughout their retirement.
He said the objective was to then determine how superannuation could be made to work smarter.
"For example, what levels of confidence and security does superannuation provide to retirees, and how does it affect their spending behaviour throughout their retirement? The way you spend your super in retirement makes a big difference to the type of risk you take when selecting your investment options," Dormer said.
Originally published by SMSF Essentials.
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