Superannuation...a Safety Net For Retirement

Down Under - here in Australia - we have Superannuation (nicknamed/shortened as "super")...that is, money set aside during our working life for when we retire. How you decide to access it during your retirement (or beforehand) is up to you.

Personally, I reckon it should be left alone as a nest egg until your retirement - then you have options as to how you want to access your monies, e.g. a lump sum; or ongoing payments; or reinvested; whatever way you wish. Used wisely, superannuation can afford a good retirement with a well organised financial future in later life to continue enjoying the same leisures/pleasures as what could be afforded during your work life.

Admittedly, there are limited circumstances one can access super early. Here, the type of circumstances are mainly related to specific medical conditions, severe financial hardship, COVID-19 (novel coronavirus), or the First home super saver scheme.

However, on the news lately, superannuation is being accessed early by some...this cartoon sums it up nicely (pardon the pun) - which I personally reckon would be a bad move for some who should consider their future - what do you think?