#6 Super, Retirement & Insurance: What Every Aussie Needs to Know With Michael Sauer

💼 Are you ignoring your superannuation? You could be leaving tens of thousands on the table.In this eye-opening episode of LevelUp Podcast with Priyanka Shah, we dive deep with financial expert Michael Sauer into:✅ The basics and benefits of superannuation✅ Common mistakes most Australians make✅ How to choose the right super fund✅ Salary sacrificing, concessional & non-concessional contributions✅ Super strategies to minimise tax and retire rich✅ Insurance inside vs outside super explainedWhether you're in your 20s or 50s, it's time to take control of your financial future.👤 Connect with Michael:https://www.linkedin.com/in/michael-sauer/Timestamps:00:00 - Introduction to Superannuation00:38 - What Is Superannuation & Why It’s Powerful01:15 - The Tax Benefits of Super02:00 - Why Most Aussies Ignore Their Super03:15 - Common Mistakes: Forgotten Funds & Incorrect Details04:50 - Boosting Your Super with Contributions05:45 - Concessional vs. Non-Concessional Explained07:00 - Salary Sacrifice Example ($120K Income)08:10 - Contribution Caps & Carry-Forward Rule09:45 - Personal Deductible Contributions10:25 - How Much Should You Contribute? (Cash Flow Tips)11:15 - Small Contributions + Compounding = Big Impact12:05 - Super Investment Strategies: Growth vs Balanced vs Conservative13:45 - Choosing the Right Investment Option by Age15:05 - Risks, Fees & Retirement Bonus in Super Funds16:45 - Should You Switch Super Funds?18:05 - Retail vs Industry vs SMSF — What’s Right for You?19:30 - ATO’s Super Fund Comparison Tool20:35 - Insurance Inside Super: What You Didn’t Know22:35 - Why Retail Insurance Might Be Cheaper (Myth Busted)24:00 - The Danger of Relying Solely on Super Insurance25:30 - Key Things to Review in Your Super Statement26:25 - Beneficiaries in Super: Are You Doing It Right?28:00 - What Age Should You Start Taking Super Seriously?29:15 - Accessing Super in Retirement (TTR vs Pension Phase)31:00 - Lump Sum vs Monthly Pension: What’s Best?32:10 - Consolidating Super: What to Check First33:05 - Why Multiple Funds = Higher Fees & Complexity34:10 - How to Avoid Outliving Your Super35:15 - Strategic Retirement Planning with an Advisor36:30 - Final Tips: Don’t Wait to Take Control of Your Super!