Gemma Dale

Yes.

Okay, okay.

But then, can I be frank?

It's a rational choice to be more conservative if you have less.

That's a rational choice.

This is where it gets tricky.

If you have $300,000 to last you for your retirement and you don't have the buffer of the assets test in the pension, in the age pension system because you've already got the full pension, you don't want to run that down very quickly by taking undue risk and incurring a loss.

So one thing that doesn't get talked about a lot is if you have less, being more conservative is a very rational choice.

It's not going to kill you financially.

That's a beautiful way of putting it.

So I think that there are two, actually, there's a multitude of different ways you can come at this.

The critical thing is,

make sure you know what you have in superannuation, who it's with and how it's invested.

That sounds really basic, but it is absolutely astonishing.

I know it is.

Engagement is the biggest issue every super fund has.

They struggle to engage their members.

So the very first thing is,

Do I have superannuation?

Have I gone and done a superannuation, sort of a lost super lookup just to make sure I found any funds from when I was 22 and I was working in a pub and they paid a few hundred dollars?