March 17, 2024

Luke on 2CC – What to look for in a good super fund?

17 minutes

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 15 March 2024 with Leon Delaney. This week’s show considers superannuation funds. What makes a good super fund and what makes a bad one? The show encourages listeners to consider their own retirement savings and make sure their fund is right for their needs. Thanks for joining us on 2CC or your favourite podcast streaming service.

Key topics covered include:

Are you in the right super vehicle for your needs? It’s like finding the right car.

It’s not just about price, price is only one factor to consider.

What investment option or investment menu do you have access to?

Franking credits also matter, are they paid back to you?

Insurance arrangements also differ between funds, with different waiting periods and different coverage rates.

How does the fund charge the fees? Don’t forget about the ICR of the fund.

Income distributions also occur differently between different types of funds.

Luke shares his top tips when comparing funds.

https://www.envisionfinancial.com.au/wp-content/uploads/2024/03/The-Strategy-Stacker-Luke-Talks-Money-15032024.mp3

Also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Are you in the right super fund to help you reach your retirement goals?

Superannuation can be complex. If you need help to assess your fund and confirm it is the right option for your needs now and into the future, seek personal financial planning advice.

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’ soon. You can also 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