How to make your super last longer

The fear of running out of money keeps many retirees awake at night, but it doesn’t have to be that way.

How long your super lasts will depend not only on the size of your balance but also on the products you choose to provide your retirement income, how you invest and the lifestyle you want during your retirement years.

If you’re planning frequent international travel and entertaining, you will need more savings than if you intend on spending lots of time pottering in the garden and playing with the grandkids.

When there is a big gap between how much money you need and your nest egg, you need to act.

Whether it’s choosing a product with guaranteed lifetime income or taking on more investment risk, making your retirement savings stretch as far as possible can be done with some simple changes.

Keep in mind that if you’re married or have a long-term partner then acting together is important. Tips that don’t work for you could be important for your spouse.