The Strategy Stacker - Luke Talks Money

By Luke SmithSociety & Culture Business Education Kids & Family Investing

The Strategy Stacker - Luke Talks Money episodes

July 29, 2024Luke on 2CC – Should I have an interest only loan on my investment property?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 26 July 2024. This show this weeks show looks at interest only loans on investment property. This episode aims to provide some general financial information about how you might think about paying that loan back, given the cost of living challenges many households are facing right now. 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:
Why is it good to get a mortgage broker involved when thinking about your loan provider?
What should you consider when considering the structure of a loan?
Can you switch banks to get a new interest only loan period?
What is an off-set account?
How does the interest only work?
How can interest only loans be cheaper, if even if the interest rate is lower with another bank – do your math!
If you are on an interest only loan, can I top up payments through an offset account and still have access to your money?
Luke shares his top tips around ways to think about loans and how to pay them back, especially when money is tight.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/07/The-Strategy-Stacker-Luke-Talks-Money-26072024.mp3

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

Are you thinking about spending and interest only loan repayments?
The cost of living can make the family budget more challenging. If you need help to manage your investments seek advice. A financial planner and a mortgage broker can be a powerful team to get you heading in the right direction.
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. Luke is also experienced in helping PSS members make retirement plans. 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.
17 min
July 22, 2024Luke on 2CC – Taking a PSS Benefit, is a full pension right for you?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 19 July 2024. This week’s show looks at the PSS. As many PSS members are approaching retirement, Luke is finding that there are some definite knowledge gaps when he speaks with members about their own retirement plans. This episode aims to provide some general financial information about the fund to help PSS members move forward more confidently. 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 is the PSS defined benefit scheme?
The retirement options for PSS members are: taking it as a lump sum, as a full pension or taking it as a part pension.
Unlike other superannuation funds, PSS allows members to retire at age 55 and take a pension option, or part pension and part lump sum.
If you take a part pension, and you’re under your commonwealth preservation age, it must be rolled to a complying superannuation fund.
The rules state if you take a pension, you must take at least 50% of your income stream. This means you can choose 50% (or greater) as a pension and the rest as a lump sum if you need money to spend on a new car, holiday or pay out the mortgage on your house.
Choose the option that delivers the best outcome for your lifestyle goals.
How can you maximise your benefits for your retirement?
Remember you can also make tax deductible contributions to a superfund outside of the PSS, given your concessional contribution cap.
When approaching retirement planning, it’s important to consider your PSS Super and other super funds and assets (including investment property, shares and cash in the bank), not just your PSS fund.
Should I make a contribution of 10% to my PSS fund?
Should I use up my leave?
When should I exit the fund?
Luke shares his top tips around taking benefits from a PSS in retirement. Seek advice if you need help.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/07/The-Strategy-Stacker-Luke-Talks-Money-19072024.mp3

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

Are you a PSS member thinking about your own retirement plans?
Most PSS members don’t deal with retirement planning everyday but a financial planner like Luke does. Make an appointment to start your own retirement plans.
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. Luke is also experienced in helping PSS members make retirement plans. 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
July 15, 2024Luke on 2CC – Can a testamentary trust protect your kids?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 12 July 2024. This week’s show looks at an important estate planning issue, and one that’s very important for those with people who have minors or those under 18 in their lives. This week Luke explores Testamentary Trusts, what they are, and why you might consider them as part of your own financial planning strategy when it comes to planning your estate. 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 is a testamentary trust?
The Will must allow for the use of this vehicle, so it must be written into a Will.
What are the benefits of a testamentary trust from a tax perspective?
What about the benefit of asset protection?
What about superannuation, your Will and a testamentary trust? Can you direct your super to your Will?
Don’t forget about the complexities of blended families or minors who might not make great decisions.
What are the differences between family trusts and testamentary trusts?
Luke shares his top tips around testamentary trusts. Seek advice if you need help.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/07/The-Strategy-Stacker-Luke-Talks-Money-12072024.mp3

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

Are your estate plans in order for your kids or grandkids?
If you have minors in your life, you may consider adding a testamentary trust to your Will. There are some important benefits they offer around tax and asset protection. Make an appointment to speak with a financial planner and a family lawyer to implement your estate plans.
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 can also refer you to a family lawyer who can work with you to meet your estate planning needs. He can also discuss with you how your superannuation estate planning works.
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.
17 min
July 08, 2024Luke on 2CC – How do you start a pension from your super?
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.
19 min
June 29, 2024Luke on 2CC – Set goals for the new financial year!
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 28 June 2024. The end of the financial year was this past weekend, so if you missed out on making a super contribution to get a tax deduction this year, plan ahead for next year and that’s inline with this week’s topic: Is it time to make some financial year resolutions for the new financial year? Goal setting and good habits are essential to help you reach your goals. Thank you for joining us live on 2CC or your favourite podcast streaming service.
Key topics covered include:
The end of financial year is a great time consider your new financial year goals
What opportunities are the for the new financial year? Super contribution limit changes and tax cuts!
Look where your money is going when you spend it. Is a change of behaviour appropriate if spending is high in a certain area?
Will you start a new investment and let in compound?
Can you automate saving so it just happens without thinking about it?
Set specific goals and reward yourself when you achieve them
Take stock of what you have at home, can you sell any second hand items?
Luke shares his top tips around setting goals for the new financial year. Seek advice if you need help
https://www.envisionfinancial.com.au/wp-content/uploads/2024/06/The-Strategy-Stacker-Luke-Talks-Money-28062024.mp3

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

What are your new year financial goals?
With the new financial year starting, it’s a great time to think about your new year financial goals. Will you review your spending? Should you start an investment? Will you contribute to super? Or perhaps you’ll start retirement planning! Seek 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.
17 min
June 23, 2024Luke on 2CC – Controlling risk in super in the new financial year
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.
18 min
June 16, 2024Luke on 2CC – Should I set up a SMSF on 1 July 2024?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 14 June 2024. With the end of financial year just around the corner the show starts by reminding listeners it’s their last chance to get their end of financial year planning in order. This weeks show looks at a new financial year topic: Should I set up a SMSF on 1 July 2024. There’s some pro’s and con’s to self managed super and if you’re looking to grow your retirement savings, this show is a great place to start looking at the SMSF option. Thank you for joining us live on 2CC or your favourite podcast streaming service.
Key topics covered include:
What makes 1 July a good time to open a self managed super fund?
Why is a superfund like a car and how does it help you choose the right one for your needs?
Why would you consider a self managed super fund over other kinds of funds?
What are the benefits of a self managed fund?
Are there down sides to this kind of super vehicle?
Luke shares his top tips around self managed super funds. Seek advice if you need help.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/06/The-Strategy-Stacker-Luke-Talks-Money-14062024.mp3

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

Is it time to get your super working better for your retirement?
Self managed superannuation is not for everyone but this investment vehicle does have some benefits over other kinds of funds. If you need help, seek financial advice and 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. 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.
17 min
June 10, 2024Luke on 2CC – Should I sell an investment property and put money into super?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 7 June 2024. With the end of financial year just around the corner, this weeks topic looks at the issues around selling your investment property and putting it into super. There are some reasons to consider this strategy, especially if you’re approaching retirement age. Thank you for joining us live on 2CC or your favourite podcast streaming service.
Key topics covered include:
What are the things to consider around keeping an investment property?
What are your needs given the value of the asset?
What is the true yield (net income) of your investment property? Don’t just look at the rent, there’s costs too, rates, insurance, strata, and so on.
What is the cost structure of the investment property?
What’s the best use of those funds?
Is liquidity important to you? Do you have things you’re planning to spend money on?
How much can you put into super? Can you claim a tax deduction to offset a capital gain if you have one?
Think about timing to make sure you can sell your property and get it into super.
Luke shares his top tips around selling an investment property, super and retirement planning. Seek advice if you need help.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/06/The-Strategy-Stacker-Luke-Talks-Money-07062024.mp3

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

Have you thought about selling an investment property before retiring?
Selling an investment property and placing the money into super might be a good retirement strategy. Seek advice before you make big decisions to help you plan your outcomes and provide income certainty. Speak to your accountant and a financial planner like 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. 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
June 02, 2024Luke on 2CC – How to maximise your tax deduction from an EOFY super contribution?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 31 May 2024. With the end of financial year just around the corner, this weeks topic looks at ‘How to maximise your tax deduction from an EOFY super contribution’. Thank you for joining us live on 2CC or your favourite podcast streaming service.
Key topics covered include:
How do I know how much super has been contributed this year?
Is there any more contributions coming in before the end of the financial year?
How much ‘space’ do you have, you can ‘top up’ that space
You can contribute up to your contribution limit – $27,500 this year
How do the concessional catch-up rules work – can you use your space from previous years?
Should I use all my catch-up space if I have it in one year?
How do I notify my super fund of my intention to claim a tax deduction?
Don’t forget to give the confirmation you get from your superfund to your accountant at tax time.
Luke shares his top tips around super. tax and end if financial year planning.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/06/The-Strategy-Stacker-Luke-Talks-Money-31052024.mp3

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

Have you thought about your EOFY Super and tax deductions?
Have you been thinking about how to maximise your tax deduction from an EOFY super contribution? The clock is ticking. Seek financial planning advice if you require assistance and don’t forget to talk to your accountant and superfund too.
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.
20 min
May 26, 2024Luke on 2CC – Give your kids the best financial start!
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 24 May 2024. This weeks topic is a perennial one that many parents and grandparents ask themselves ‘How can I give my kids the best financial start in life?’. Thank you for joining us live on 2CC or your favourite podcast streaming service.
Key topics covered include:
You don’t need a lot to start
Benefit from compound interest over time
Consider adding to your savings over time
Where should you put your savings?
Let’s look at some saving examples over time
Why Luke says do a little something a littler sooner!
What stops people from starting something for their kids or grandkids?
Don’t forget about education – the sooner you start showing kids
Luke shares his top tips about helping the kids and grandkids.
https://www.envisionfinancial.com.au/wp-content/uploads/2024/05/The-Strategy-Stacker-Luke-Talks-Money-24052024.mp3

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

Have you thought about helping your own kids or grandkids?
Are you doing anything for your kids or grandkids finnacially to help them kickstart life? Do something a little sooner and remember you don’t have to start with a lot. Seek financial planning 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.
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…