August 27, 2024

Luke on 2CC – How to maximise income from your portfolio

16 minutes

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 23 August 2024. Anyone who invests cares about the income and return they receive from their investment portfolio, but it becomes even more important when you’re about to retire from work. This episode aims to provide some general financial information about investment, super and retirement for pre-retirees or those thinking about retirement in the next 5-10 years. 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:

How much income do you need in retirement?

How do you work out the capital amount you need to generate the income you need?

Different assets have different purposes, some assets don’t provide great income streams.

All assets also carry some risk.

Think about why you are buying an asset – is it generate income or is it to generate growth?

What types of assets can you use to generate income in retirement?

Can franking credits help your retirement income?

Are you in a super fund that allows you to manage your retirement income?

It’s really important to understand where your return is coming from, so you’re living on the income, not eating up your capital.

Luke shares his top tips to help you start thinking about how to use the contribution rules given different life situations.

https://www.envisionfinancial.com.au/wp-content/uploads/2024/08/The-Strategy-Stacker-Luke-Talks-Money-23082024.mp3

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

Do you need help with investment or retirement planning?

Planning a trip is like planning for your retirement. It pays to know where you’re going before you actually pack you bags and leave! Seek financial planning advice if you need help to plan your income. It will allow you to retire with more certainty and enjoy the days ahead.

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. Simply 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