The Strategy Stacker - Luke Talks Money

By Luke SmithSociety & Culture Business Education Kids & Family Investing

The Strategy Stacker - Luke Talks Money episodes

August 01, 2022Luke on 2CC – How to prepare for rising interest rates
Higher interest rates? How well are you prepared for the changes ahead?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 29 July 2022. Interest rates have started to rise from the record low rates, but what does it mean for your monthly budget? This week’s topic: How well are you prepared for interest rate rises?
Key topics covered include:
Record low interest rates aren’t likely to stay, we’ve had a couple of rate rises already and it’s likely to go higher
Now’s the time to review your budget and spending and start staving
Work out your spending and savings with the future in mind, what would your budget look like if interest rates got to 5%?
Shop around for better rates, you might even use a mortgage broker
Look at your discretionary spending, consider shopping in cash
Also consider loan set up – how is your offset account working?
Look at your spending – do you need all of the pay tv subscriptions? Is there other wasteful spending?
How can transition to retirement help you get some cash into your offset account if you’ve reached your preservation age?
Luke shares his top tips around preparing for interest rate rises
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/08/The-Strategy-Stacker-Luke-Talks-Money-29072022.mp3

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

Do you need advice on financial planning matters?
What will interest rate rises mean for your lifestyle and budget? Consider planning ahead and seek advice if you need assistance. Consider using a mortgage broker to shop around for a better interest rate too.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss insurance, investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation. Envision Financial Services can also refer you to a mortgage broker.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcasts on our website too.
We look forward to your company again.
17 min
July 24, 2022Luke on 2CC – Life insurance inside a super fund or out?
Life insurance, should you hold it inside or outside of your super?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 22 July 2022. Those with superannuation will start receiving their superannuation fund statements and something you’re likely to see on your statement is an insurance section, if your fund offers it. This week’s topic: Should you hold life insurance inside or outside of a superannuation fund?
Key topics covered include:
Should you pay life insurance through your super or not?
Start by thinking about what your life cover is for – where will the money go?
Think about the tax consequences – your spouse and dependent kids get the money tax free. Others who receive money will pay 32% tax.
Do you need to allow for the tax amount and add it into the life cover you have?
Don’t forget about cost of cover too, and remember you can pay for life cover with your super that’s held outside of your super.
Don’t forget to think about insurance before you switch super funds.
Remember life changes, so should your cover, so review it.
Luke shares his top tips around life cover.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/07/The-Strategy-Stacker-Luke-Talks-Money-22072022.mp3

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

Do you need advice on life cover inside or outside super?
Making the decision to hold life cover inside or outside of insurance can be complicated. Seek financial advice if you need help with life cover and review it as your situation changes.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss insurance, investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast.
We look forward to your company again.
17 min
July 18, 2022Luke on 2CC – Income Protection Cover helps your adult kids too
Have you lent your adult kids money to buy a home? Do they have Income Protection Cover?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 15 July 2022. This week’s topic: How does Income Protection insurance help you and your adult kids protect each other?
Key topics covered include:
What is Income Protection Cover?
Why is it important for your adult kids, especially if you’ve lent them money to buy a home?
The financial impact of helping kids in the event that something goes wrong, especially if you’re retired
Your adult kids therefore may consider this insurance option as a part of a protection strategy
Who should pay for it?
Are premiums tax deductible?
What should you talk to your adult kids about and how do you approach it?
Luke shares his top tips to help parents who have lent money to their adult kids.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/07/The-Strategy-Stacker-Luke-Talks-Money-15072022.mp3

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

Do your adult kids need advice on income protection cover?
Income protection cover is one way parents can protect themselves financially if an adult child becomes ill. It’s an important consideration for those who have retired and are on fixed incomes.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss insurance, investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast.
We look forward to your company again.
18 min
July 10, 2022 Luke on 2CC – Helping adult kids buy a home
If you’re helping adult kids buy a home, what should both parties consider?
Luke Smith, Financial Planner, joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 8 July 2022. This week’s topic is one many modern families will face: What happens when adult kids come to ‘the bank of Mum and Dad’ to help them buy a home? Facing high home prices, many parents are helping their kids secure their first home. And while buying a first home is a big life milestone, it’s not without risk for parents and adult children themselves.
Key topics covered include:
– Parents want to know they’ve done the right, Mum and Dad need to be protected too!
– Why not make it a loan and not a gift to buy a home, even if there is no interest?
– What happens in the event of a relationship breakdown or if someone should pass?
– The importance of documentation and seeking advice from a solicitor.
– If a parent requires the money back due to illness or injury, what happens to the loan then?
– Additionally, what is a non-refundable gift declaration and why might a bank want one if you don’t have a loan agreement?
– Luke offers some key ideas around helping adult kids get ahead.
– Remember, it’s not just about love and trust, it’s also about being responsible.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/07/The-Strategy-Stacker-Luke-Talks-Money-08072022.mp3

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

Do you need advice around helping adult kids buy a home?
Have you or are you thinking about helping your adult children buy their first home? Make sure you protect your interests too. Seek advice if you need assistance.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation. Luke can also refer you to a solicitor for loan and legal agreements, if you want to help your own adult kids.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast.
We look forward to your company again.
17 min
July 04, 2022 Luke on 2CC – How Super Splitting Works
Can super splitting help you retire and pay off debt sooner?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 1 July 2022. There’s a number of new things that come into effect from today including: (1) Super guarantee contributions (employer contributions) increasing from 10% to 10.5%, (2) Downsizer rule changes, (3) More people to access the Seniors Card and (4) Removal of the work test that prohibited people making voluntary contributions to super. They also start the show by talking about the lucky person who won $60 million in Powerball. What would you do with it if you won it?
This week’s topic is: How super splitting works. Luke notes that super splitting is probably one of the most under utilised financial planning strategies, yet it can make one of the biggest differences to your retirement planning.
Key topics covered include:
– What is super splitting?
– Why is super splitting an effective strategy?
– What kinds of contributions can you split?
– Is this something couples need to do every year?
– Why and how would you do it?
– Luke offers his key issues to consider before making the decision to split super
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/07/The-Strategy-Stacker-Luke-Talks-Money-01072022.mp3

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

Do you need advice around how super splitting works?
There might be some great reasons to split super before you retire. As always seek advice to make sure you’re making the most of it.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast.
We look forward to your company again.
17 min
June 27, 2022 Luke on 2CC – Can I retire?
Retirement planning – Are you ready to leave the daily grind this year?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 24 June 2022. This week’s topic is: What should you do with an inheritance, windfall or another financial lump sum? Leon begins the show by reminding us all that this is the last one before the end of financial year. Luke notes that if you haven’t made your personal super contribution yet, you’re probably cutting it really fine and to check with your fund. From the 1 July there are some useful changes coming to – changes to downsizing contributions will benefit many as will the removal of the work test which will allow older Australians to get money into super without the requirement to work.
Key topics covered include:
– Investment markets are choppy right now, so is now a good time to retire?
– What do you need to live on? Spend sometime thinking about what you need each year in retirement.
– What are you invested in right now and where will your income generated from?
– Retirement today doesn’t have to mean that you quit work for good. Part-time work options are increasingly popular.
– Luke offers his key ideas to consider before making the decision to retire and seeking personal financial advice.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/06/The-Strategy-Stacker-Luke-Talks-Money-24062022.mp3

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

Do you need financial planning advice around your retirement?
Are you ready to retire? Where might your retirement take you? Seek financial planning advice about making retirement plans before you make any big decisions.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast.
We look forward to your company again.
17 min
June 19, 2022 Luke on 2CC – Inheritance & financial windfalls
Making the most of an inheritance or windfall
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 17 June 2022. This week’s topic is: What should you do with an inheritance, windfall or another financial lump sum? Luke begins the show by giving a shout out to at the Spit Shack at Mitchell and his favourite new winter food discovery called ‘Burek’ (which might be described as a Croatian Pie/Pastry).
Key topics covered include:
– As always it starts with your ‘Why’ – What are you looking to achieve?
– Opportunities in super
– Age and life stage will also impact on your decision making
– Think about the investment structures you need to use before you begin choosing specific investments
– What about family trusts?
– Reducing non-tax deductible debt and perhaps turning it into deductible debt for an investment
– Luke offers his insights into considering what to do with an inheritance and financial windfall
– Seeking advice is also a prudent place to start
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/06/The-Strategy-Stacker-Luke-Talks-Money-17062022.mp3

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

Do you need financial planning advice around a financial windfall?
Not sure what to do with an inheritance or windfall? Seeking financial advice is a good place to start.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast.
We look forward to your company again.
18 min
June 14, 2022 Luke on 2CC – Diversification and investments
Diversification: Let’s take a closer look
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 10 June 2022. This week’s topic is: Diversification and what it means for investing. Luke and Leon start the show talking about the interest rate rise and the expectations of more rate rises between now and Christmas. Some economists are predicting interest rates of between 2% and 3% by the end of the year. There are impacts for both investors and borrowers.
Key topics covered include:
– Diversification is a strategy to help you manage investment market volatility and spread risk
– What is the danger in holding too much of a good thing?
– You can also diversify with active and passive assets and asset managers – what does this mean?
– What might we think about when diversifying an investment portfolio?
– Luke offers his insights into considering diversification as part of your investment strategy.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/06/The-Strategy-Stacker-Luke-Talks-Money-10062022.mp3

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

Do you need financial planning advice around diversification?
The old saying remains true: Don’t put all your eggs into one basket. As always, seek advice if you need help with your own investing and super.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast.
We look forward to your company again.
20 min
June 06, 2022 Luke on 2CC – Fixed Interest and rising cash rates
What do rising cash rates mean for fixed interest?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 3 June 2022. The Reserve Bank of Australia has increased their cash rate for the first time in 11 years, and have stated more cash rate rises are to come. This week’s topic is: When interest rates rise, what does it mean for fixed interest?
Key topics covered include:
– What does a rising cash rate mean if you’re already invested?
– It’s important to remember that rates are linked to the time period you’re invested.
– How do bonds differ from term deposits as a fixed interest investment?
– How much could the cash rate rise to in the near future?
– What might investors think about with rising interest rates when it comes to investing?
– Luke offers his insights into considering fixed interest investments
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/06/The-Strategy-Stacker-Luke-Talks-Money-03062022.mp3

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

Do you need financial planning advice around fixed interest investments?
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast.
We look forward to your company again.
19 min
May 31, 2022 Luke on 2CC – Is super taxed when I die?
Estate planning – Is there tax on super?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 27 May 2022. Leon starts the show, assessing this topic is perhaps the most depressing ever – not only might you die, you might also have to pay tax on your super! This week’s topic is: Does your estate pay tax on your super?
Key topics covered include:
– What happens to your super when you pass?
– Have you put in place a binding nomination if you are working, or perhaps a reversionary pension if you die?
– Generally, if a husband or wife passes, super goes to the spouse or dependent children tax-free.
– What happens if the money goes to a non-dependent child?
– Is life insurance within super taxed? How might you plan for that?
– What is the tax rate?
– Can you use the removal of the work test rules to take money out and put it back in tax free?
– Remember, your will doesn’t cover your super and an enduring power of attorney is a useful document too.
– Luke offers his insights into considering super as part if an estate plan
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/05/The-Strategy-Stacker-Luke-Talks-Money-27052022-2.mp3

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

Do you need financial planning advice around your super?
No one wants to pay more tax than they have to, especially at a time of a loved one passing. As always 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. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast.
We look forward to your company again.
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…