Does this sound familiar?
I came across this video which while it is based on the U.S. market, still relates to our own markets in Australia.
I wanted to showcase this because even after the Hayne Royal Commission, there will still be financial services providers who will continue to gouge fees from your retirement capital.
Take a look at the video and then go and have a look at your own superannuation account(s) and if it doesn't make sense or if the fees are closer to 2% than 1%, then you might want to get in contact with us for a 2nd opinion.
If you're not ready to chat to a Financial Planner, then go and check out: https://www.moneysmart.gov.au/tools-and-resources/calculators-and-apps/retirement-planner so you can calculate the effects fees have on your retirement nest-egg.