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The show that helps you maximize your wealth by turning complex financial situations into actionable advice. On Your Money. Your Mission., we answer the questions you’ve been asking about -- financial planning, investing, retirement and everything in between. Whether you’re navigating the complexities of the market or looking for the best ways to save or spend your money, tune in to hear from experienced financial advisors with JFG. Walk away from each episode with savvy tips and financial t ...
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On this episode of the Friends With Money podcast, we tackle the confusing world of superannuation fees.
Money's Michelle Baltazar talks with Daniel Shrimski from Vanguard Australia about how a lack of transparency and awareness around these fees can hurt people’s retirement savings.
Shrimski shares practical tips and provides an example on how to potentially save $1,500 each year on fund fees.
00:00 Introduction
00:20 Understanding superannuation fees
00:58 Guest introduction: Daniel Shrimski
01:53 Vanguard Australia's role in superannuation
02:06 The fund with 50 million investors
03:08 The six types of super fees
06:57 Reading your superannuation statement
09:00 Pushing for transparency
11:51 Are you overpaying?
14:00 The average super fund fee
15:31 Conclusion and final thoughts
#friendswithmoney #michellebaltazar #danielshrimski #supersavings
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