June 23, 2024

Luke on 2CC – Controlling risk in super in the new financial year

18 minutes

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 21 June 2024. With the end of financial year just a week away, Luke reminds listeners to check with their superfunds to see if the window is still open to make a super contribution. This weeks show looks at a new financial year topic: How do you control risk in super in the new financial year? Thank you for joining us live on 2CC or your favourite podcast streaming service.

Key topics covered include:

Most people want a strong income of their money in retirement as well as capital growth to help offset rising inflation. To achieve this, some risk is likely to be required. So how do you mitigate this risk?

Diversification is an important strategy to help mitgiate risk

Consider your asset allocation to growth assets within your investment option

A good income stream ensures you’re not selling out of your capital to fund your lifestyle

The benefit of franking credits to help fund your spending needs in retirement

Don’t forget about the costs of the fund you’re in

Tax matters are also worth considering, in regard to your returns

Luke shares his top tips around super funds and risk. Seek advice if you need help.

https://www.envisionfinancial.com.au/wp-content/uploads/2024/06/The-Strategy-Stacker-Luke-Talks-Money-21062024.mp3

This podcast is also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Have you thought about risk as part of your super or retirement strategy?

Risk can be challenging to manage, especially when you’re approaching or in retirement. Most people want a strong income off their investments as well as capital growth to protect against inflation. Seeking financial advice if you need help.

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement. Make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.

Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.

We look forward to your company again and Luke’s book Smart Money Strategy is out now.

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By Luke Smith