The Strategy Stacker - Luke Talks Money

By Luke SmithSociety & Culture Business Education Kids & Family Investing

The Strategy Stacker - Luke Talks Money episodes

December 16, 2024Luke on 2CC – The Transfer Balance Cap and Tax Free Money
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 13 December 2024. Luke joins Leon Delaney in the studio to talk about super, retirement and in particular the Transfer Balance Cap. This is Leon’s final show for the year – Merry Christmas Leon! Luke will be joined by Nicole next Friday, just before Christmas. This week Luke provides a deep dive into the Transfer Balance Cap, which is the amount of money you can take from a pension tax free at retirement. It’s important to remember, if you exceed the cap, it’s not the end of the world and there might be some financial planning strategies which you still can consider.
Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
What is the Transfer Balance Cap and how much is it?
Understanding how much you have in your super fund or funds is a good place to start.
Which cap applies to me? The one in the year I started my pension from super, or the current cap which is indexed yearly?
Am I entitled to increase my cap as the cap increases?
Can I start a pension and keep some money in super to avoid going over the cap?
Important: Your ability to contribute to super is not the Transfer Balance Cap!
How does the defined benefit pension work within Transfer Balance Cap?
Does the Transfer Balance Cap apply to a transition to retirement pension?
Can I still make tax deductible contributions to my super or a downsizer contribution?
Luke share’s his top tips for understanding and managing your Transfer Balance Cap.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/12/The-Strategy-Stacker-Luke-Talks-Money-13122024.mp3

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

Do you need help to navigate the cap and your own retirement?
Everyone wants to enjoy tax free money from super in their retirement. Understanding the Transfer Balance Cap is essential in regard to your own situation. Seek financial planning advice with Luke if you need help to manage your super and retirement.
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 – the final show of the year. 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.
18 min
December 08, 2024Luke on 2CC – Luke’s Christmas Spending Tool Kit
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 6 December 2024. Luke joins Leon Delaney in the studio to talk about Christmas spending. It’s summer and as we approach Christmas, retailers are doing all they can to help you get into the spirit of spending and gifting. Luke offers a Christmas survival tool kit to help you through the festive season spending and avoid the credit card blues in January.
Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
Ask people what they want – this will make sure the gifts you buy get used
Gift cards also avoid wasteful spending
Have a family agreement on what you will do – just buy for the kids
Don’t leave it to the last minute – panic doesn’t help make good purchase decisions
If you buy online understand the return policy before you make a purchase there and some places offer ‘gift receipts’
Tap and go can blow up a budget, consider shopping with cash and stick to your budget
Can you wait for the post Christmas sales for big ticket items?
Consider an ‘experience’ as a gift if you’re stuck for an idea
Luke share’s his top tips for maximising your Christmas spending.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/12/The-Strategy-Stacker-Luke-Talks-Money-06122024.mp3

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

Do you need personal financial planning advice?
Without planning there can be financial waste at Christmas. Make your Christmas spending worthwhile. As always, make an appointment to speak with Luke if your need 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. 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.
0 min
December 01, 2024Luke on 2CC – Re-contribution Strategy – Can you save tax for your kids?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 29 November 2024. Luke joins Leon Delaney in the studio to talk about a superannuation strategy that makes a lot of dollars and sense. There are a lot of incorrect assumptions about superannuation and this episode takes a deep dive into one of them.
It’s correct to say that if you are over 60 you can withdraw money from super tax free. However, the assumption that when you pass, any money in your superannuation or pension account will pass tax-free to your adult children is not correct. Adult children are not considered dependents, and therefore do not enjoy tax-free status. This show explores a strategy that may assist.
Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
Over 60, you can take money from super tax-free
Haven’t death taxes and duties been abolished?
Superannuation has a taxable component within your super
How is a taxable component created within your super?
How is a tax free component created within your super?
What happens when you pass away?
What is a non-dependant child?
How does the re-contribution strategy work?
What are the steps to implementing a re-contribution strategy?
Luke share’s his tips when considering the re-contribution strategy.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/11/The-Strategy-Stacker-Luke-Talks-Money-29112024.mp3

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

Do you need super, retirement or pension advice?
The re-contribution strategy can benefit adult children who receive money from your super or pension when you pass. Seek financial planning advice with Luke 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. 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.
20 min
November 25, 2024Luke on 2CC – Is it time to take profit from your super fund or your pension?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 22 November 2024. Luke joins Leon Delaney in the studio to talk about taking profit from your super fund. Investors in the recent times have had great returns on their superannuation. With many enjoying double digit returns right now, Luke asks the question: Is now a good time to take profits from your superannuation fund?
It is of course important to remember that returns fluctuate and there’s lots of things out of your control that can impact your investments so is there action you should be taking right now?
Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
Is now a good time to take some profit from your super fund?
If you’re in pension phase of super, you can take your profit tax free
How would you feel if you didn’t take some profit and markets fell right now?
Why is now a good time to take a profit?
Can you mitigate capital gains on poor performing assets if you’re not in the retirement phase?
Has your risk allocation changed given rising markets? Asset allocation is important.
What do you with the profits you take?
Does the fixed interest outlook (falling interest rates) mean that now is a good time to lock in a fixed interest investment?
What about if you’re still in the super phase? What are your options?
Luke share’s his tips when considering taking a profit.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/11/The-Strategy-Stacker-Luke-Talks-Money-22112024-1.mp3

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

Do you need investment advice to help you move forward with confidence?
Rising markets mean many investors and super fund holders have seen really positive returns. But is now the time to take some profit? If you need personal advice to help you make more confident decisions, make an appointment to speak with Luke.
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.
20 min
November 18, 2024Luke on 2CC – How much does a SMSF really cost?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 15 November 2024. Luke joins Leon Delaney in the studio to talk about Self Managed Super – how much does it really cost?
There’s lots of discussion about different superannuation vehicles, industry funds, personal funds and self managed super and which one is best? The best vehicle for you may not be the best vehicle for someone else, depending on your situation, goals and future needs. In this episode Luke takes a deep dive into Self Managed Superannuation including the costs. It might not be as expensive as you think.
Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
Costs matter, even on your superannuation fund!
What is a self managed super fund?
Are my accounting fees fixed (auditing and tax return) and how much are they for an average SMSF? There are some overly high fees out there!
What are the key reasons to have a self managed super fund?
Which accountant should I use?
Aren’t industry super funds cheaper than all the other types of funds?
What about franking credits and my retirement?
Do you know why you have the super fund structure you have?
Are you on your own when you run a self managed super fund or can you get help?
Why does Luke like SMSF at retirement for certain clients?
https://www.envisionfinancial.com.au/wp-content/uploads/2024/11/The-Strategy-Stacker-Luke-Talks-Money-15112024.mp3

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

Are you looking for help around your own super?
Self Managed Super won’t be right for every investor, but for those that it is, it’s a great vehicle, and a cost effective vehicle, to help you reach your retirement goals. Make an appointment 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. 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.
18 min
November 12, 2024Luke on 2CC – What does Trump mean for your portfolio?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 8 November 2024. Luke joins Leon Delaney in the studio to talk about the outcomes of the US Election and what Donald Trump in the White House means for your investment portfolio? The return of President Trump undoubtedly surprised many Australians.
Given the significance of the Australia – US relationship, some US policies might affect us domestically. And with many Australian’s holding overseas investments as part of their personal, super and retirement savings, right now is a great time to check in on what may be heading our way.
Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
What does a Trump election victory actually mean?
Why it’s important to seperate the media hype from what a US President can actually do
Should you sell your investments now? Did you know the stock market in the US also went up after the Biden election victory?
Things you might keep in mind going forward
Why asset allocation and diversification still matters
Investment markets have been good in the US even before the Trump victory.
What about the US Debt?
Are there certain areas of risk to be mindful of?
Does dollar cost averaging provide a strategy to buy?
Remember Trump is in for a 4 year period, your investment timeline is probably longer in super and retirement
Luke shares his top 3 tips for moving forward under Trump leading the US.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/11/The-Strategy-Stacker-Luke-Talks-Money-08112024.mp3

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

Are you looking for help you navigate your own financial future?
Most Australians with super, investment or retirement savings have some exposure to overseas investments in a well diversified portfolio. If you need investment advice, make an appointment to meet with us.
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.
0 min
November 05, 2024Luke on 2CC – Top tips for working with a financial planner effectively
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 1 November 2024. Luke joins Leon Delaney in the studio with Luke to talk about how to work effectively with a financial planner. Advising clients is an important role, and to get the most out the relationship you have with a financial planner, there’s things you can do to make your life easier and the life of your planner too.
It’s important to remember that all financial planners have to follow certain rules when providing and implementing financial advice. This includes writing a statement of advice and following processes set by the providers when it comes to buying and selling your investments. Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
Ensure that you sign the paperwork correctly. A good financial planner will highlight where you need to sign the paperwork to make it easy for you.
If a form requires a ‘Wet Signature’, this means you need to sign the form with a pen. Some investments and insurance companies require pen signatures, not electronic signatures. We agree this is old fashioned, but that’s how some institutions still work.
Don’t leave things to the last minute like selling investments if you need cash for a purchase like a car or caravan. It takes time to sell down investments or access money from super or a retirement pension. If in doubt about a timeline simply ask. A good financial planner will be happy to help you.
Don’t forget to date the important documents you sign.
If you’re meeting with your financial planner online, make sure your software is up-to-date and working correctly before the meeting starts. Financial planners are good with numbers, but not so great with helping you fix your IT issues.
Super funds and investment managers and banks are becoming very stringent with online access. Make sure you follow their instructions. My Gov and My Gov ID can be challenging too. Most offer help lines if you need technology assistance.
Return all the paperwork you need to action, missing pages means a financial planner can’t action your requests and your advice implementation gets delayed.
Luke shares his top 3 tips for working effectively with a financial planner.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/11/The-Strategy-Stacker-Luke-Talks-Money-01112024.mp3

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

Are you looking for a financial planner to help you move forward?
There’s somethings you can do to make working with a financial planner easy and effective. A good financial planner will navigate the way with the paperwork too, not just give you good financial planning strategy and advice. Help them help you when you can.
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.
0 min
October 28, 2024Luke on 2CC – Investing outside of super for the long term
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 25 October 2024. Luke joins Leon Delaney in the studio with Luke to talk about an important topic. What can I do outside of super to compliment my long term financial plans?
Superannuation is a great and tax effective vehicle for saving for retirement. But once you put the money into super, you can’t access it until you reach a condition of release, which is usualy retirement age. As a result, it’s good to keep something outside of super too – but what do you do with it? Luke shares a few examples. Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
Trading accounts provide the ability to start without having lots of money to start, and the ability to save into it
There are lots of different types of trading accounts available so find somewhere that works for you
Ensure you have diversity in your investments
Micro investing apps provide another pathway to investing with a broad range of direct investments and pre-mixed investment options
Formal structures or investment platforms run by investment managers also provide an avenue for people to make investments for the long term. These are well run platforms run by specialist investment managers. These also offer the ability to save money into for ongoing contributions.
Why exchange traded funds offer a good place to start for new investors.
Luke offers some tips for making the most of investments outside of your superannuation for the long term.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/10/The-Strategy-Stacker-Luke-Talks-Money-25102024.mp3

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

Do you need help with investing for the medium and longer term?
Investing outside of super? Where do you start? If you need help to get everything working together for your future, educate yourself or seek financial planning advice. You don’t have to go it alone when you have a financial planner by your side.
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.
0 min
October 21, 2024Luke on 2CC – Emergency Fund and Income Protection Insurance – How will you protect your family and yourself?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 18 October 2024. Luke this week Leon Delaney returns to the studio with Luke to talk about an important topic. Should you have an emergency fund and income protection insurance?
Planning for the unexpected is an important part of any financial plan. But how will you plan and manage those unexpected events and the pressures on money they may cause? Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
What are the benefits of an emergency fund?
Why is income protection a valuable option?
Did you know income protection premiums are tax deductible?
Should I have income protection in my super fund or in my own name?
Can I use my offset account as my emergency fund?
Why are income protection policies prior to 2021 better – think carefully before you let them lapse.
Is sick leave enough to cover me if something goes wrong?
What form can an emergency fund take? Saved Money, Offset Account, Sick Leave?
If I can’t save for an emergency fund, income protection can provide you with immediate cover?
https://www.envisionfinancial.com.au/wp-content/uploads/2024/10/The-Strategy-Stacker-Luke-Talks-Money-18102024.mp3

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

Do you need help with financial planning and insurance?
An emergency fund and income protection cover are both important parts of your financial plan. If you need assistance to manage your risk and protect yourself and your family, seek 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, insurance 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.
19 min
October 15, 2024Luke on 2CC – Does the system work for retirees and those who need aged care?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 11 October 2024. Luke this week is joined by Nicole Overall who is sitting in the chair for Leon Delaney. Recently, Luke and Nicole talked about negative gearing. One of the issues they didn’t talk about was that there’s lots of people out there who aren’t wealthy but have an investment property and are trying to get ahead. They would be greatly affected by any changes made to the current rules.
This week’s discussion is wide ranging and includes negative gearing, changes to aged care costs, and contribution to super limits. Does the system work for retirees and those who need aged care? Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
Luke and Nicole continue the conversation about negative gearing.
Luck versus making the decision to improve yourself and your position.
Changes to the aged care system and what it’s going to cost you.
Aged pension benefits versus being self-funded the retirees and aged care dilemma.
Should we be allowing people to contribute more to super and get a tax deduction, so they look after themselves?
Are our governments planning with a system that rewards people for looking after themselves?
Current super contribution limits reduce the opportunity for people to self-fund themselves.
We’d also benefit from a simplification of the system!
https://www.envisionfinancial.com.au/wp-content/uploads/2024/10/The-Strategy-Stacker-Luke-Talks-Money-11102024.mp3

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

Do you need help with your future financial plans?
Planning for retirement and aged care can be overwhelming. Seeking financial advice can help you navigate a pathway to help you achieve your own goals. Make an appointment if you need assistance to make the most of your strategies and options.
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.
19 min

About The Strategy Stacker - Luke Talks Money

From the publisher's feed

Luke Smith is The Strategy Stacker. He's an experienced financial planner and each Friday afternoon talks about money with Leon Delaney on 2CC Talking Canberra. Luke's down to earth approach breaks…