Are you someone who would walk an extra 500 metres to avoid an ATM fee? I’m not.

It’s not that I don’t welcome Australia’s big four banks’ recent decision to scrap ATM fees – but I am willing to pay for convenience.

I’m fortunate enough to be able to outsource the parts of my life that I don’t care to manage myself. I have a cleaner; I’ll use a landscaper/painter/handyman over DIY any day of the week; and I shop online so my groceries are delivered to the door.

I do that because I value my time. And because I don’t ever want to fight with my husband about who last cleaned the toilet.

As I was taking money out of an ATM the other day – an ATM that is not owned by the bank that I bank with – I started thinking about this notion of convenience and what it means in the context of superannuation and retirement planning.

An inconvenient truth