Register  
Simulate my retirement: Telstra Super
Tuesday, 19 October 2010 12:45pm

Telstra Super has launched a new online tool that goes beyond calculating one's retirement savings - introducing a new calculator that takes into account career breaks, having time off for children, and even a holiday to the Bahamas.

The Telstra Super Simulator allows users to generate a realistic whole-of-life snapshot of how their current savings plan positions them for retirement.

The tool goes beyond calculating an end benefit based solely on contributions - it can consider a partner's situation, as well as any non-super savings and expenditure, in order to provide a snapshot of a household's likelihood of enjoying a comfortable retirement.

It also shows a user how heavily they would rely on the Age Pension as a source of income.

Potential career breaks, such as having time off for children, are catered for and the projections adjust instantly to reflect lifestyle events - even changes in savings behaviour as they are recorded by the user.

Taking it one step further, the simulator will also factor in what people may be considering to spend on an overseas trip, a new car, debt reduction or other large expenditure to commence their new lifestyle.

"The Telstra Super Simulator enables our members and website visitors to consider the impact that a variety of financial climates and market changes could have on their super
balance," said Kevin Moloney, general manager of client development, marketing & communications.

"At the click of a button, different market climates are simulated and the projected retirement savings levels automatically adjust, making this an extremely useful
tool for people at all stages of life," he said.

Telstra Super is the latest super fund to launch or upgrade its technology tools to help members understand their super better.

First State Super launched an iPhone app that allows its 530,000 members to monitor their super anytime.

The fund also created a website that seeks to empower and inform women about their super, www.womenandsuper.com.au.

Industry fund Intrust Super is also making use of technology by creating a new online advice system that gives members free access to real-time personal advice on super, insurance and salary sacrifice options.

Blogs
Follow the industry experts.
Christopher Page
Christopher Page
Managing Director

Medcraft's appalling speech
I am surprised. More than that, I am astonished, shocked. Last week I was left speechless by the address that the Australian Securities ...read more
 
Benjamin Ong
Benjamin Ong
Chief Economist

Reflation, rotation and the taper
'Tis being my final type (drivel, to some gentle readers) for the year, we'll take a look back at the 2013 that was to seek the lessons ... read more
 
Alex Dunnin
Alex Dunnin
Director of Research & Editorial Services

Women-led companies better for investors
The Australian government end last year released its first Gender Equality Scorecard and while the results are discouraging, a separate ... read more
News Search   
VideoBrought to you by
The global and Australian economic outlook
The anchor man of the panel, Saul provides great insights on the domestic economy. And bravely makes the forecast that the Reserve Bank will not cut interest rates this year and that the next move is up ... Watch video
The major economies in 2015
Is the European economy dead in the water? Is faith on Abenomics waning? Why should investors be more optimistic about the US economy this year? Chris Probyn, the Boston-based chief economist of State ... Watch video
The two-speed economy in reverse
James provides a local perspective and explains to the audience why the mining investment boom is an aberration and it is now a 'return to the old normal'. To view James Bond's slides please click ... Watch video
Market Thinking - A different way of looking at economies?
First, a confession. Mark may have started his career as an economist but he joins this year's panel not as a chief economist but as the head AXA Framlington Asia. This is to the benefit of the audience ... Watch video
Great unwindings
Bob believes plunging oil prices may extend the stockmarket rally by a year or two and discusses why investors could expect a volatile few months. Overall, he believes we are entering an era of low returns ... Watch video
Get it
Daily
FREE to your inbox, get the Financial Standard Daily Email.
Get the Free
iPad app
Download the Financial Standard iPad app for FREE
Industry
Events
MAR
01
MAR
10
Adviser Big Day Out Investment Manager Roadshow-Perth
11
Adviser Big Day Out Investment Manager Roadshow-Adelaide
12
Adviser Big Day Out Investment Manager Roadshow-Melbourne
18
Adviser Big Day Out Investment Manager Roadshow-Brisbane
19
Adviser Big Day Out Investment Manager Roadshow-Sydney
News
Bites

$245 (inc GST) for 1 year
 
 
Copyright © 1992-2015 Rainmaker Group
All material on this site is subject to copyright. All rights reserved. No part of this material may be reproduced, translated, transmitted, framed or stored in a retrieval system for public or private use without the written permission of the publisher.
Link to something YLluadWV