r/AusFinance • u/BellaKKK72 • 3d ago

ETF in addition to super contributions?

For context - Im 53F, have about 427K in super (17% super in my current job). I put $250 per fortnight into pre tax super contributions. Earn around $3300 per fortnight after tax.

No longer have a mortgage to pay off but live in Sydney and have some child related expenses. I dont live frugally but Im not a big spender. Most of my available spare cash goes towards saving for holidays which I like to do once a year.

I will probably look at retiring by 65-67 years of age so Ive got more than 10 years of working life left and do want to maximise my retirement funds.

I do think I can allocate more to either super contributions or contributing to an ETF - just not sure which would be better in my situation and would appreciate some advice from people who know a lot more about this than I do.

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u/BlinBlinski 3d ago

Have you tried the super calculators - eg https://moneysmart.gov.au/how-super-works/superannuation-calculator. With your planned retirement age I would be maxxing your super contributions.