Another superannuation lie

It doesn't smooth lifecycle income. It makes you poorer when you are young and poor and richer when you are old and rich.

Here’s a look at my super balance from a month back.

In the past couple of years, next to nothing but fees and losses.

I could have used the extra money in the two years, with a young family and a mortgage. I am in my peak spending years, but not yet in my peak earning years.

The thing is, compulsory superannuation doesn’t do one of the main things it is…