When it comes to making decisions about the future and deciding on the most suitable and most effective superannuation fund, it is important to bear in mind how the decisions you make will affect the rest of your family. It can be easy to overlook how others will benefit or lose out when deciding on something which will primarily benefit you, and which is based on your individual financial details. However, when calculating retirement outgoings and retirement income (see Retirement Plans and Calculating Retirement Income) you automatically take the outgoings and income of your whole family into account. Make sure that you do the same when it comes to determining how your pension would, or would not, benefit your whole family. Consider, however unwillingly, what would happen if you were to die, if your partner were to die, or if you were to divorce. No one wants to have to consider the worst case scenario, but by considering it objectively now you might avoid having to worry about your financial security if you find yourself in an unexpected situation later.
