Super smart: How to save big on fees
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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Email Us: podcast@moneymag.com.au
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*Proudly brought to you by Vanguard Australia
