Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/

In this debut episode of SMSF Insider, Troy Rabaud, founder of Blue Chip SMSF Services, shares the raw truth about what really happens when you try to DIY your self-managed super fund or trust the wrong provider. From horror stories to costly compliance failures, you'll learn what not to do, why "cheap" setups often end up expensive, and how to avoid losing your retirement savings to ex-spouses, hidden fees, or ATO penalties.

Whether you're setting up your first SMSF or managing an existing one, this episode will arm you with the clarity you need to take control the right way.

👉 Ready to take control of your retirement savings without stuffing it up? Contact the Blue Chip team: https://www.bcsmsf.com.au

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Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances

Timestamps:

00:00:00 - 00:00:00: Introduction

00:00:52 - 00:01:13: Complexities of Setting Up an SMSF

00:01:13 - 00:01:34: Choosing a Reputable Provider

00:01:34 - 00:01:55: DIY Pitfalls and Fixing Mistakes

00:02:17 - 00:02:48: Importance of Compliance and Administration

00:02:48 - 00:03:10: Ongoing Responsibilities of an SMSF Trustee

00:03:33 - 00:03:54: Efficient SMSF Setup with the Right Team

00:04:16 - 00:04:36: Market Crashes and Investment Strategy

00:05:09 - 00:05:29: Monitoring SMSF Fees

00:07:18 - 00:07:39: Taking Action with Your SMSF

00:07:39 - 00:08:01: Updating Binding Death Nominations

00:08:01 - 00:08:33: Maximising Super Contributions