Zest! / SUPER 101

Set sail for a super future

Think like a skipper and use smart navigational tools to steer your super to a great destination.

By Darren Strauss - 3 min read

A little about Darren

As a Member Solutions Consultant at Russell Investments, Darren Strauss understands all the ins and outs of super and retirement legislation, and loves to answer questions and help members.

Just as you wouldn’t want to sail a rudderless yacht or leave the wheel of a ship unattended, it’s important to pay attention to your super if you want to give yourself the best chance at a great life after work. 

Many people don’t think about superannuation until they are nearing retirement, but if you start planning now, you can set yourself on a better course towards the future lifestyle you want rather than letting sheer luck and the winds of fate determine your destination. 

You are not on this journey alone. GoalTracker®1 can help you set, track, and achieve your goals for the future. It’s an award-winning program offered at no additional cost that can help to take the complexity out of super and personalise it to suit your needs. Here’s what’s involved. 

Gather your tools 

To navigate on the seas, a sailor needs a variety of tools, ranging from a marine compass to a marine GPS; sailing gloves to sunscreen; and a first aid kit to a flashlight.  

Superannuation is no different, but here the ‘tools’ you need to navigate super are in the GoalTracker program. You can use the program to tell us more about you and your goals, helping us to build your super and investments around you. 

You can unlock access to GoalTracker right now by logging in to your online account or keep reading to find out more.  

Work out where you are headed  

You are the skipper of your super, so it’s important to know where you are, and where you are currently headed.  

Using the MyTracker tool within GoalTracker, it’s easy to discover where your existing super balance is taking you. Step 1 is to tell us more about you. 

Envision your future position  

We all want something different in the future and have varying priorities.  

Step 2 of MyTracker uses imagery and descriptions to help you explore the sort of lifestyle you want in the future. It then shows you the annual retirement income you’ll need to fund that lifestyle, and whether your super balance is on track to achieve that income. If there is a gap, the tool helps you understand your options and next steps. 

Dining out is one of the eight lifestyle categories that make up our guide on your preferred retirement lifestyle.  

Here's an illustration of what the MyTracker tool would look like for a member who has set a retirement income goal.  

Set your course  

Next, it’s time to set a course to reach your preferred destination. How your super is invested has a huge impact on whether you will achieve your income goal. If you’re not an expert, choosing the right investments for your personal situation can seem complex.  

This is where GoalTracker Plus comes in. When you share more information about yourself and your goals for the future, GoalTracker Plus can create and manage a personalised investment strategy for you, that will steer you towards achieving your personal super goal.  

Track your progress  

Even a skipper with autopilot on their ship wouldn’t sail for days without checking their location and making sure they’re on course.  

GoalTracker Plus regularly reviews your investments with your goal in mind. It automatically checks your situation every three months, makes changes to your investment strategy if necessary and as agreed by you, and provides regular updates to make sure you’re staying on track.

An enduring partnership 

Super is one of the biggest financial assets you’re likely to own, so it’s important to manage it well, invest it wisely and review it regularly. Partnering with GoalTracker can make it easier to do all this, helping you get ever closer to your super goal. 

After all, you are the skipper of your super, so why not choose GoalTracker to be your trusted first mate? 

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Issued by Total Risk Management Pty Ltd ABN 62 008 644 353, AFSL 238790 (TRM) as trustee of Russell Investments Master Trust ABN 89 384 753 567. Nationwide Super and Resource Super are Divisions of the Russell Investments Master Trust. The Product Disclosure Statement (‘PDS’), the Target Market Determinations and the Financial Services Guide can be obtained by phoning 1800 555 667 or by visiting russellinvestments.com.au or for Nationwide Super by phoning 1800 025 241 or visiting nationwidesuper.com.au. Any potential investor should consider the latest PDS in deciding whether to acquire, or to continue to hold, an investment in any Russell Investments product. Russell Investments Financial Solutions Pty Ltd ABN 84 010 799 041, AFSL 229850 (RIFS) is the provider of MyTracker and the financial product advice provided by GoalTracker Plus. General financial product advice is provided by RIFS or Link Advice Pty Ltd (Link Advice) ABN 36 105 811 836, AFSL 258145. Limited personal financial product advice is provided by Link Advice with the exception of GoalTracker Plus advice, which is provided by RIFS.  

This communication provides general information only and has not been prepared having regard to your objectives, financial situation or needs. Before making an investment decision, you need to consider whether this information is appropriate to your objectives, financial situation and needs. If you'd like personal advice, we can refer you to the appropriate person. This information has been compiled from sources considered to be reliable but is not guaranteed. Past performance is not a reliable indicator of future performance. To the extent permitted by law, no liability is accepted for any loss or damage as a result of reliance on this information. This material does not constitute professional advice or opinion and is not intended to be used as the basis for making an investment decision. This work is copyright 2022. Apart from any use permitted under the Copyright Act 1968, no part may be reproduced by any process, nor may any other exclusive right be exercised, without the permission of Russell Investments.