What age you need to take super saving seriously – or suffer
It’s not just about how many contributions you make, choosing a top-performing fund could boost retirement savings by more than 50 per cent.
The best age to start taking superannuation seriously – or risk a financially squeezed retirement – is in your mid-thirties, which is typically towards the end of the first decade of saving.
But there’s also a sweet spot between your fifties and sixties when compound interest can double your nest egg – and even triple it with returns of 7.5 per cent a year, according to analysis by Rainmaker Information, which monitors super fund returns.
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