Roy McDonald on Spotting Superannuation Scams

“How do you spot a superannuation scams”? I ask Roy McDonald? Roy said these are some of the super warning signs

Australian Corporate superannuation

and how to protect yourself from them.

Are they a financial Adviser, do they have the licence numbers and have you checked this number out, to see if its real?

Be cautious, if they are saying things like this is quick access to money or unlocking a bulk amount real quick, then you should not be making a decision there and then. As always with investments that involve your super fund they are long term so a few more days will always be fine and will give you the time to investigate the back grown of this group.

Roy McDonald is always reminding me of my big picture, my 7 year plan and your superannuation is a big part of it. Have a look at the benefits that super funds offer, long term returns, early exit fees(especially if you have made some money the tax amount Roy said was really large). Why is that? Well because it is a produce designed to support you in the later years of your life. This is the long term part of your portfolio and you should always keep that in mind when you use your super to invest. Roy McDonald asked me to go and revisit my 7 year plan get into state and then write your strategy before you decide how you are going to use superannuation to invest profitable.

Kochie’s from channel seven has some great Superannuation Tips.