The Strategy Stacker - Luke Talks Money

By Luke SmithSociety & Culture Business Education Kids & Family Investing

The Strategy Stacker - Luke Talks Money episodes

December 10, 2023Luke on 2CC – Be a great client to get more out of advice
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 8 December 2023. This week’s show asks an interesting question for clients: How can you be a great client to get the more out of advice? Seeking advice, including financial planning advice is not a one way road. To get the most out of the advice and service provided, clients need to participate. This show takes a look at how to get the most out of the advice you seek.
Key topics covered include:
Most people realise advice of any kind is a two way street – you need to participate
All advice providers including financial planners have legal obligations, so sometimes there’s paperwork
Paperwork can be complicated and administration can seem like a lot of work, ask for help if you need it
Make sure you fill in paperwork correctly, forms might be rejected which can cause delays
Ask questions if you don’t understand something, your adviser is there to help! It’s important you understand what’s going on.
Be realistic with times frames – things like setting up accounts or applying for a home loan can take several weeks not days
Seek the right kind advisers to help you reach your goals
Luke shares his top tips around participating in the advice process.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/12/The-Strategy-Stacker-Luke-Talks-Money-08122023.mp3

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

Are you thinking about your financial plans next year?
All service providers are there to help you. If you have questions ask them as there’s no such thing as a silly question. If you need help with financial planning advice we’re here to help explore your own financial goals, options and strategies.
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 – it’s 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 and makes a great Christmas gift.
17 min
December 03, 2023Luke on 2CC – Can I work in retirement? How much tax will I pay?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 1 December 2023. This week’s show considers: Can I work in retirement? If I work what tax will I pay? Let’s explore this question for pre-retirees and retirees, as many people look to continue work, even though they might have already started a pension income from their super.
Key topics covered include:
People go back to work for a variety of reasons and yes you can work in retirement.
A good place to start is thinking about tax is thinking about where you’re income is coming from in retirement
If you’re over 60 and started a pension, that money is tax free
If you’re earning income from work as well, you’ll enjoy the tax-free threshold for the first $18,200 you earn, and only pay tax on work earnings above that.
Think about sources of other income too – do you have rent from an investment property or dividends from shares outside of super?
Worrying about the tax might actually diminish the other benefits from working
What if I have a defined benefit pension? Is that taxable?
Can you mitigate tax? You can get tax deductions including tax deductible contributions to super!
Get some advice from your accountant too – you might also be eligible for the seniors tax offset too
What about family trusts and tax? Thinking about the vehicles in which how you hold assets can also make a tax difference
Luke shares his top tips around working in retirement
Remember, seek advice if you need help to plan your retirement, including working in retirement.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/12/The-Strategy-Stacker-Luke-Talks-Money-01122023.mp3

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

Are you thinking about work in retirement as part of your plan?
Don’t let tax stop you from enjoying the benefits of working in retirement. You might be surprised just how little tax you can pay if you’re over 60 and are drawing an income from your super. Seek financial planning advice to help with your own retirement planning.
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 an accountant or mortgage broker.
Luke will return to 2CC to talk about other ‘Money Matters’ next week. 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.
20 min
November 26, 2023Luke on 2CC – Why borrow money to invest?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 24 November 2023. This week’s show considers using debt as part of your financial plan: Why would you borrow money to invest, given the current environment? With rising interest rates, many people think they’ll never build wealth, but borrowing to invest may provide an avenue to grow wealth for the future. This podcast explores some different ways to start growing wealth using borrowing to help fund the cost of investments.
Key topics covered include:
What are some of the reasons you might consider borrowing?
What can you save and contribute to the investment?
Is collective investing an option for you?
Negative gearing – how does it work?
Positive gearing – how does it work?
What should people think about before borrowing money?
Where do mortgage brokers add value?
Luke shares his top tips around how to borrow money to invest
Remember seek advice if you need help, it’s important you know how any investment works.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/11/The-Strategy-Stacker-Lukle-Talks-Money-24112023.mp3

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

Is it time you started planning for your future?
Borrowing money to invest can be used to invest in shares and ETFs, not just real estate. Think about your goals and know what you’re getting into at the start. Seek 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 can also refer you to an accountant or mortgage broker.
Luke will return to 2CC to talk about other ‘Money Matters’ next week. 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.
19 min
November 19, 2023Luke on 2CC – Can I afford to retire?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 17 November 2023. This week’s show considers asks the question Luke is often asked ‘Can I afford to retire and what do I need?’. While we all will be happy to enjoy life after work one day, it’s important that we set ourselves up for retirement success once that last work payday happens.
Key topics covered include:
The important of getting your information together
Identify your expenses and income requirements
Make sure you identify what you need
Approach it like this – Fixed costs then Variable costs.
Take a photo of receipts or look at your bank statement – then add them up at the end of the month to work out your expenses
Consider paying off larger expenses before you retire
What income can you generate from super in retirement?
What about Centrelink? How can it help you generate a retirement income?
Luke share’s his top tips when planning for retirement?
Remember seek advice if you need help, you don’t have to go it alone.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/11/The-Strategy-Stacker-Luke-Talks-Money-17112023-1.mp3

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

Is it time you started planning for your own retirement?
Retirement planning can be challenging, but you don’t have to go it alone. Seek advice to ensure you set yourself up for retirement success.
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 an accountant or mortgage broker.
Luke will return to 2CC to talk about other ‘Money Matters’ next week. 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.
20 min
November 12, 2023Luke on 2CC – Find budget savings as interest rates rise!
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 10 November 2023. This week’s show considers how to manage the cost of living in a rising interest rate environment. It’s a very challenging time for some Australian’s right now as increasing mortgage repayments bite hard into the family budget. Budget savings can help take the pressure off.
Key topics covered include:
Why rising interest rates impact us all – cost of living rises for everyone!
How can you save some money?
Insurance – shopping around and bundle cover, consider the excess paid and cover amount
Consider the pro’s and con’s of holding personal insurances inside super and the cover amounts and waiting periods.
Interest only repayments might be an option on an investment property
Lease over purchase might be an option for self employed people
Employers – Can you get a discount for an upfront payment?
PAYG withholding variation might allow you claim deductions during the year
Salary sacrificng to super might be put on hold – you can catch up later, if you need extra cashflow now
Pay closer atttention to yield on your investments, are you getting what you think you’re getting?
Shop around your bank! It’s not too hard to move and consider a mortgage broker
Consider your expenses – Access free tools here to help you manage your money better.
Shop with cash and sell second hand items you don’t use around the house
Remember seek advice if you need help, especially on more complex items like personal insurance.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/11/The-Strategy-Stacker-Luke-Talks-Money-10112023.mp3

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

Is it time to sharpen up your own spending and save more?
A budget is only as good as your engagement with it. If you’re making changes to personal insurance seek advice, it may help you find better solutions than what you could find on your own.
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 an accountant or mortgage broker.
Luke will return to 2CC to talk about other ‘Money Matters’ next week. 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.
22 min
November 05, 2023Luke on 2CC – How to turn your super into a pension?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 3 November 2023. The show today continues to sorting out the facts from the fiction when it comes to retirement: How to turn your super into a pension? In recent weeks Luke has been exploring some myths around retirement planning and this show continues this topic series.
Key topics covered include:
A super account doesn’t automatically turn into a pension account when you retire
What is a pension?
Why would you start a pension using money from your super?
How do you physically start a pension from super?
How much money am I required to take from my pension?
Luke shares his top tips around turning super into a pension
Remember seek advice if you need help. Super can be complex when you don’t deal with it every day.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/11/The-Strategy-Stacker-Luke-Talks-Money-03112023-1.mp3

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

Do you know what your retirement plan looks like?
Retirement planning can be complex, and most people don’t deal with superannuation and pension funds everyday, so seeking advice for your personal circumstances can help you retire with 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 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.
19 min
October 29, 2023Luke on 2CC – What happens to my super when I retire?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 27 October 2023. The show today looks at sorting out the facts from the fiction when it comes to retirement: What happens to my super when I retire? In recent weeks Luke has been seeing some wrong and sometimes disadvantageous information around reaching retirement. This show seeks to provide some sound information so pre-retirees can better assess their own options.
Key topics covered include:
When can you take money from your super?
When you retire, do you have take money from super or start a pension straight away? No!
Can I take a lump sum from my super?
It’s really important you have an idea about how much you need – do you know what you need to live on in retirement?
Can I start a pension from my super and how often can I get pension payments?
Is there a minimum amount of pension I need to take?
Can I still take a lump sum from a pension if I’m taking a pension?
Do you need to be a more conservative investor in retirement?
Are pension earnings and income tax free, including capital gains tax free?
Luke shares his top tips around planning for retirement
Remember seek advice if you need help. Super can be complex when you don’t deal with it every day.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/10/The-Strategy-Stacker-Lkue-Talks-Money-27102023.mp3

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

Do you know what your retirement plan looks like?
There’s a lot of myths around retirement and it’s important you have a clear plan that provides you with certainty. If you need help seek advice. It can help you step forward with 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 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.
19 min
October 22, 2023Luke on 2CC – Catch-up concessional contributions – Boost your super!
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 20 October 2023. The show today looks at Catch-up concessional contributions to super – they’re a great way to boost your super before retirement and get a tax deduction too. The catch-up concessional contribution strategy can be used in a variety of situations, and is great for stay-at-home parents, professionals, pre-retirees, self-employed/contractors, farmers, or those selling assets or receiving an inheritance.
Key topics covered include:
A quick re-cap of concessional and non-concessional contributions to super
What is the limit on the amount of concessional contributions you can put into super each year? Answer: $27,500 per year.
So what are catch-up concessional contributions – how much more can you put in as a catch-up above the limit?
You need to work out your own catch up amounts – it will be different for everyone depending on how much super you’ve contributed already as a concessional contributions.
What situations and who might you use a catch-up contribution?
What are the rules you need to adhere to around this opportunity?
What are some other opportunities around this?
Luke shares his top tips around catch-up concessional contributions.
Remember seek advice if you need help. Super can be complex when you don’t deal with it every day.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/10/The-Strategy-Stacker-Luke-Talks-Money-20102023.mp3

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

Is a catch-up concessional contribution strategy right for you?
There is a strategy to catch-up on superannuation contributions and get a tax deduction! It’s called the catch-up concessional contribution strategy. Seek 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 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.
19 min
October 15, 2023Luke on 2CC – A deep dive into Self Managed Super Funds
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 13 October 2023. The show today looks at Self Managed Super Funds – they’re increasingly popular but many people don’t know how they work or what the pros and cons are. Of course, self managed superannuation funds aren’t right for everyone. The topic this week for the show is: Self managed superannuation funds, are they the right choice for your retirement savings?
Key topics covered include:
What are the pros and cons of self managed super funds?
Can you hold real estate in a self managed super fund?
Are self managed super funds more expensive?
What are the differences between a SMSF and other types of funds?
What kinds of assets can you hold inside an SMSF?
Luke shares his top tips around self managed funds.
Remember seek advice if you need help. You don’t have to go it alone.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/10/The-Strategy-Stacker-Luke-Talks-Money-13102023.mp3

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

Is a self managed superannuation fund right for you?
Self Managed Superannuation Funds come with extra flexibility and more investment choice. But there’s also more responsibility too. Seek advice if you need help to explore your own super 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 with consideration of your cashflow and debt. 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 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.
21 min
October 08, 2023Luke on 2CC – Offset accounts and redraw facilities: How to use them to your advantage
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 6 October 2023. The show today looks at the difference between offset accounts and redraw facilities . Both can be attached to a home loan but they’re not the same thing and they work very differently. Many people don’t make good use of offset accounts or redraw facilities because they’ve never been told how to use them effectively. The topic this week for the show is: Offset account and redraw facilities – What’s the difference between them and how to use them to your advantage?
Key topics covered include:
Many people don’t make good use of offset accounts or redraw facilities because they’ve never been.
What is an offset account and how does it work?
What’s the advantage of an offset account.
What is a redraw facility?
How much can you draw out using an offset account or a redraw facility?
How is tax different if it’s a loan on an investment property.
What are the considerations when using either an offset account or redraw facility.
Shopping around for a home loan is also useful, a mortgage broker can also help you with this.
Luke shares his top tips around using offset accounts and redraw facilities.
Remember seek advice if you need help. You don’t have to go it alone, it’s complicated sometimes making strategies work together.
https://www.envisionfinancial.com.au/wp-content/uploads/2023/10/The-Strategy-Stacker-Luke-Talks-Money-06102023-1.mp3

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

Are you making smart money decisions when it comes to money management?
Are you making the best use of your offset accounts and redraw facilities? Take some time to make sure you are. You could save home loan interest. Seek 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 with consideration of your cashflow and debt. 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 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

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…