July 08, 2024

Luke on 2CC – How do you start a pension from your super?

18 minutes

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 5 July 2024. As we enter a new financial year, some of us start thinking about our retirement plans. Many people start planning for retirement at around this time of year, with a view to wrapping up full-time work around Christmas. There are however other strategic financial planning reasons why you might start a pension from your super in July other than starting full-time retirement. Thank you for joining us live on 2CC or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.

Key topics covered include:

What are the reasons you might start a pension from your super in July, other than to fund your retirement?

Do you have debt that needs to paid off like your mortgage or personal debt?

Do you wish to transition to retire?

Are there school fees that need to be funded for your grandkids?

Do you need to fund a gap in paying back a loan on an investment property?

It comes down to thinking about using the best use of the resources you have.

Did you know you can use a payment to the adjust the taxable component of your super, it impacts on your estate planning goals

How does transition to retirement work? Work less and top up your income from your super.

Can I top up my super from a transition to retirement payment?

Is this opportunity available in a defined benefit scheme?

Luke shares his top tips around taking money from your pension. Seek advice if you need help.

https://www.envisionfinancial.com.au/wp-content/uploads/2024/07/The-Strategy-Stacker-Luke-Talks-Money-05072024.mp3

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

Do you need help starting a pension from your super to help you achieve your goals?

Most people don’t deal with superannuation and retirement planning everyday like a financial planner does. Make an appointment to seek advice if you need assistance to help plan your future with greater confidence.

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