For now, investors need to ensure that they protect the value of their existing assets, avoid consecutive months of negative returns and to at least cover inflation over the long term.

It?s estimated that roughly $2 billion each year is taken out of investors? accounts and handed over to financial advisers and product providers who offer no financial advice for the fees charged.

If you've been thinking about setting up a SMSF, or amalgamating your investments into your SMSF, the current market downturn may be an opportune time.

Many super funds are too pricey for what they offer and are a drain on investors retirement savings.

Many retirees find themselves actually spending as much, if not slightly more, during retirement as more free time is enjoyed shopping and eating out.

Due to proposed legislation changes, filling up the super coffers at the last minute will become a touch more difficult than it has been in the past.

If retirees withdraw too much, or not enough money each year, they can contravene the laws set down by the ATO.

The door to your super can be opened to meet living expenses, to prevent the bank selling your home or to pay for medical expenses or a funeral.

Can I officially retire, draw down a pension and then return to work?

There is a whole host of rules surrounding how much money you can dump into your super fund and many come under the bring-forward rule, which you should be acquainted with.