Decide to take control.
Despite recent changes, superannuation still remains a very tax effective way to build wealth for the majority of Australians. And when coupled with a clearly defined retirement objective, a smarter superannuation approach can significantly improve your retirement prospects, giving you a greater sense of control and confidence.
So if you're serious about living well in retirement (and enjoying the journey along the way), getting the most out of your super should be a top priority.
...but which way forward?
Generally, there are three types of superannuation funds - industry, retail and self-managed (SMSF). Each have their own unique sets of advantages and disadvantages, so it's worth getting qualified financial advice.
However, despite what you may have read, any one of these alternatives is a perfectly acceptable option and available to most Australians whether in pension or accumulation phase. Of course, finding the best superannuation solution for you will ultimately depend on your investment experience, your desired level of control, and how much you've already saved.
So don't get discouraged by the advice 'tug-of-war' out there in the marketplace - losing faith in superannuation (quite possibly your second largest financial asset), and settling for mediocre, would be a serious financial mistake.