Super mistake costing Aussies thousands

AUSTRALIA - NewsWire Photos - General view editorial generic stock photo image of Australian cash money currency. Picture: NewsWire / Nicholas Eagar
Australians could have doubled their superannuation if they did not switch to cash. Picture: NewsWire / Nicholas Eagar

A simple mistake is costing the average Aussie thousands of dollars in retirement savings each year – and one super fund is sounding the alarm.

Modelling released by Aware Super using their high growth or conservative balance option shows Australians could double their superannuation savings by simply staying in their investment strategy instead of moving during market downturns.

AUSTRALIA - NewsWire Photos - General view editorial generic stock photo image of Australian cash money currency. Picture: NewsWire / Nicholas Eagar
Australians could have doubled their superannuation if they did not switch to cash. Picture: NewsWire / Nicholas Eagar

The analysis shows Australians who stayed invested in High Growth super investment options during the…

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