Skip to content
Finance Investment, General News

Don’t set and forget: do these four things now for a brighter financial future

RMIT University 2 mins read

Dr Angel Zhong, Associate Professor, Finance 

Topics: superannuation, ATO, tax, finances, nest egg, EOFY 

“As tax time approaches, it presents an ideal occasion to reflect on your financial situation and the changes that have occurred over the past year.  

“Additionally, it serves as a timely reminder to prioritise your superannuation health.  

“Your superannuation is your money. Conducting regular health checks on your super is an essential step toward greater financial well-being and freedom, enabling you to prepare for a comfortable retirement lifestyle.  

“More Australians need to avoid the "set and forget" approach driven by inherent behavioural and cognitive biases in decision-making and actively engage with their superannuation to secure a brighter financial future. 

“The Australian Taxation Office (ATO) is calling for the public to conduct five basic health checks, including looking at your contact details, super balance and employer contributions, lost and unclaimed super, whether you have several super accounts and need to look at consoliding them, and your nominated beneficiary. 

“To safeguard your financial well-being, consider going a step further by conducting a thorough superannuation health check.  

  • Assess the performance of your super - Utilise the ATO's YourSuper comparison tool to evaluate the performance of your chosen superannuation fund and investment strategy and compare your fund's performance against relevant benchmarks and explore alternative funds that may better align with your needs. 
  • Evaluate investment strategies and asset allocation - Consider changes in your personal circumstances that might warrant adjustments to your super strategies. As factors like risk tolerance, liquidity needs, and investment horizon evolve with age, it's important to align your super investments accordingly. 
  • Understand your investment portfolio - Gain insight into how your super funds are invested. If you have a strong belief in sustainable investing, explore super strategies that align with your environmental and social values, while avoiding those that don't. 
  • Review fees and insurance charges - Assess the fees associated with your super fund and compare them with those of other funds. Additionally, evaluate the insurance products included with your super to ensure they still meet your requirements.” 

Dr Angel Zhong is a finance academic who specialises in empirical asset pricing, digital finance, global financial markets, investor behaviour and the recent trends in retail investing. 


Contact details:

Interviews: Angel Zhong, 0433 810 413 or [email protected]  

 

General media enquiries: RMIT Communications, 0439 704 077 or [email protected]

More from this category

  • General News
  • 18/04/2025
  • 06:00
MyFitnessPal

Feast smart, not hard: Aussies urged to embrace meal planning for stress-free Easter

Sydney, Australia, 18 April 2025 – With Easter break approaching, Aussies are being encouraged to skip the post-holiday blues by planning their meals ahead of time and taking a balanced approach to nutrition. New research reveals more than seven in 10 (71%) Australians surveyed expect to indulge during the break, with a portion (29%) estimating they will consume 1 to 2 kilograms of Easter treats like chocolate bunnies and hot cross buns. While Easter is a time for celebration and enjoyment, it also prompts reflection on eating habits, with nearly one in six Australians (17%) surveyed already planning a post-Easter…

  • General News
  • 17/04/2025
  • 13:52
Kingdomcity Church

Easter at Kingdomcity Canning Vale: A Growing Response to Faith in Uncertain Times

MEDIA RELEASEFor Immediate ReleaseEaster at Kingdomcity Canning Vale: A Growing Response to Faith in Uncertain Times As Easter approaches, Kingdomcity’s Canning Valecampus is preparing to welcome many new and returning visitors across two special services, Good Friday and Resurrection Sunday—reflecting a growing trend of people seeking faith, hope, and community in today’s challenging world. With ongoing global uncertainty, mental health pressures, and shifting cultural norms, more individuals and families are turning to spiritual spaces in search of peace and clarity. At Kingdomcity Canning Vale, this is translating into increased attendance and a renewed interest in the Christian message. “We’re seeing…

  • General News
  • 17/04/2025
  • 11:03
Kingdomcity Church

Easter at Kingdomcity Wangara: A Growing Response to Faith in Uncertain Times

MEDIA RELEASEFor Immediate ReleaseEaster at Kingdomcity Wangara: A Growing Response to Faith in Uncertain Times As Easter approaches, Kingdomcity’s Wangara campus is preparing to welcome many new and returning visitors across two special services, Good Friday and Resurrection Sunday—reflecting a growing trend of people seeking faith, hope, and community in today’s challenging world. With ongoing global uncertainty, mental health pressures, and shifting cultural norms, more individuals and families are turning to spiritual spaces in search of peace and clarity. At Kingdomcity Wangara, this is translating into increased attendance and a renewed interest in the Christian message. “We’re seeing more people…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.