No, the suite of GoalTracker tools are available to members of the Russell Investments Master Trust at no additional cost.
2. Set your goal
Getting a clear picture of how much you’ll need to fund the lifestyle you want in retirement is important. Introducing GoalTracker® – helping to take the guesswork out of super.
It’s a fundamental step
Whatever the situation, setting a goal makes you think about what you want to achieve and how you’ll achieve it – plus, it’s a great motivator.
Goal setting applies to your superannuation too. That includes choosing the lifestyle you want to live in retirement and how much income you’ll need to make it happen. It’s also a fundamental step in your Pathway to retirement.
The award-winning GoalTracker® program is designed to help give you confidence, clarity and control over your financial future.
How GoalTracker takes the guesswork out of super
GoalTracker is an easy-to-use program that can help you achieve your ideal retirement lifestyle and is available exclusively to members at no extra cost.
To get started simply login and click the ‘Get a clearer picture’ button. Once you’ve set your goal using GoalTracker, you’re ready for Step 3 – Plan and review.
Accessed via your online account or mobile app, GoalTracker can:
CALCULATE
1. CALCULATE the amount of income you're heading for in retirement.
SET
2. Help you SET an income goal that's right for the retirement lifestyle you want
ACHIEVE
3. Offer tailored advice and strategies to help ACHIEVE it
See GoalTracker in action
Watch this short video to see how GoalTracker can help.
Let us take the guesswork out of how to invest your super with GoalTracker® Plus.
Using the information you provide about yourself through the GoalTracker program, such as your income goal for retirement and the age you wish to retire, GoalTracker Plus can create and manage a tailored investment strategy for you.
You can activate GoalTracker Plus, at no extra cost, and it will then check your situation every three months and make changes to your investment strategy if necessary (unless you opt out), to help keep you on track.
FAQs
The lifestyle categories within the GoalTracker tool have been derived from the ASFA Retirement Standard, which benchmarks the annual budget needed by Australians for a modest and comfortable lifestyle in retirement. The annual cost of the various lifestyle segments depends on the level you select and is based on a range from ‘basic’ through to ‘aspirational’.
While no one can say for certain how much goods and services will cost in the future, the GoalTracker tool is regularly reviewed and updated for inflation.
GoalTracker is designed to make super simple and doesn’t have to be a time-intensive process – some of the tools can take as little as five minutes to complete. Using these easy-to-understand tools, GoalTracker can:
1. CALCULATE the amount of income you’re heading for in retirement (approx.5-15 minutes)
2. Help you SET an income goal that’s right for the retirement lifestyle you want (approx.10-20 minutes)
3. Offer tailored advice and strategies to help ACHIEVE it
If you haven’t thought about what you want from retirement, that’s ok. GoalTracker will ask you a series of questions that will get you thinking about what it is you want from this chapter in your life. By the end of the process, you should have a firmer idea of the lifestyle you want to live, as well as how much retirement income you’ll need to achieve it.
Watch more
Is there a gap?
Find out how GoalTracker works out the income you'll need to fund the retirement lifestyle you want.
Retirement income
See how GoalTracker projects the approximate retirement income you’re heading for.
Next steps
Find out how GoalTracker works out your options and next steps after setting an income goal.
Now, let’s get you a plan
You’ve set your goal. Your next step is to make a plan
Take me to Step Three