The Strategy Stacker - Luke Talks Money

By Luke SmithSociety & Culture Business Education Kids & Family Investing

The Strategy Stacker - Luke Talks Money episodes

February 28, 2022Luke on 2CC – Super rollover: is your superfund meeting your needs?
How do you rollover super to a better fund?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 25 February 2022. Luke joins Leon back in the 2CC studios this week. This weeks topic continues the superannuation theme from the last series of shows. How do you combine your superfunds and give your savings the best chance to grow for your retirement?
Key topics covered include:
Which super fund is right for you?
What do you want from your retirement?
Don’t stay in the fund you’re in if it’s not meeting your needs – This means have a look at what you have.
How do you switch funds?
Why might you keep your existing fund open, even if you do make a switch?
If you’re moving money into a self managed fund – you now need an ESA code.
Underperforming funds are now required to write to you if they are underperforming – if you get one of those letters consider your options.
Before you switch – look at the asset allocation of the investment option – don’t just look at the name of the investment option.
What are the things you need to be aware of before you switch.
Luke share’s his key tips about rolling over.
Seek advice to be more confident in your super outcomes.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/02/The-Strategy-Stacker-Luke-Talks-Money-25022022.mp3

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

Do you need advice around rolling over super to something better?
Do your homework before you switch funds – don’t forget to look at fees, investments and insurance arrangements. Seek advice if you need to help you choose a better fund.
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
February 19, 2022Luke on 2CC – Salary Sacrificing versus personal contributions to your super
Salary sacrificing is only one of the ways you can use to boost your super
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 18 February 2022. Luke joins Leon back in the 2CC studios this week, after coming out of another set of Covid restrictions in the ACT. This weeks topic continues the superannuation theme from the last series of shows.
Key topics covered include:
The goal is the really the same, it’s about adding more to your super for retirement
What is a personal contribution to super?
What is a ‘Notice of intent’ in regard to a personal contribution to super?
When can you make a personal contribution to your super?
How can you use an offset account to boost your super and save some interest?
What is a salary sacrifice contribution to super?
How does it work?
Why might use one method over the other?
Regardless of which method you use, you end up in the same position
What should people think about before starting a contribution to super strategy?
Is there a limit on the amount you can put in?
What are the bring forward rules?
Luke share’s his top tips about adding to super.
Seek advice to be more confident in your super and retirement outcomes.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/02/The-Strategy-Stacker-Luke-Talks-Money-18022022.mp3

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

Do you need advice around adding to super and your retirement?
If you make a personal contribution and want a tax deduction for it, don’t forget about your ‘Notice of intent’. If you need help to grow your super or have questions, seek advice before you take action.
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
February 13, 2022Luke on 2CC – Adding money into your super
Putting money into super – how can you contribute?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 11 February 2022. Luke joins Leon this week to talk about adding to your super. They start the conversation by having a talk about the change that’s just come to super. From 1 July 2022, regardless of how much you earn, all employers must pay super for every employee, even those on casual or part-time salaries that typically have missed out. This is a great initiative to help those on limited hours step forward with their own retirement savings.
Key topics covered include:
How can you get money into super?
Did you from this year you can put money into super up until the age of 75 without meeting a work test?
What is a deductible contribution or concessional contribution?
How much of a tax deduction can you get by making a contribution to your super?
What is a non-deductible contribution or non-concessional contribution?
How much can you put into super by making this kind of contribution without getting a tax deduction?
What is the transfer balance cap?
What are the changes to the downsizer legislation and how can it help your super?
How can transition to retirement help boost your super?
How can CTG small business concessions help you boost your super?
Luke share’s his top tips about adding to super.
Seek advice to be more confident in your super and retirement outcomes.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/02/The-Strategy-Stacker-Luke-Talks-Money-11022022.mp3

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

Do you need advice around adding to super and your retirement?
If you’re looking to boost your super, think about the different ways you can contribute as well as the outcome you wish to achieve. If you need help, seek advice. Super can be complicated.
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
February 04, 2022Luke on 2CC – Retirement planning Part 3 – Centrelink and retirement
Centrelink – How can they help fund your retirement?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 4 February 2022. Luke joins Leon this week to talk about Centrelink. Centrelink can be a challenging government department to work with, but the majority of people who work there are happy to help. There’s lots of form filling and you need a good understanding of your financial position before you start.
Key topics covered include:
Dealing Centrelink can be challenging, so go into it with your eyes open
Centrelink however can help with your retirement life, so it’s beneficial to consider what they offer as part of your retirement planning
When are you eligible for Centrelink retirement benefits?
What is the income test and the asset test?
Is there a maximum amount of assets and income you can have?
The amounts / limits change depending on if you’re a single a or couple and if you’re a home owner or not
What is deeming and how does it affect your aged pension entitlements?
Are there other benefits, besides the aged pension?
Make sure you understand the gifting rules, giving money away can affect your pension entitlements
Consider holding money in super if you have a younger partner, depending on your age it might be considered an exempt asset
Don’t forget about estate planning
Downsizing might also be useful, if you want to move into a smaller property – you’re able to get more money into super.
Consider Centrelink if you ever rollover to another pension product, it might affect what you receive
Luke share’s his top tips about retirement and Centrelink
Seek advice to be more confident in your estate planning outcomes
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/02/The-Strategy-Stacker-Luke-Talks-Money-04022022.mp3

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

Do you need advice around retirement planning and Centrelink?
Centrelink can be challenging to deal with by yourself. If you need help with your own retirement planning you can seek advice before you make any decisions and set up a retirement strategy that works for you.
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 (including Centrelink). 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
January 30, 2022Luke on 2CC – Retirement part 2 – How to work fewer days with a transition to retirement strategy
Would you like to work less and take some money from super to top up your take-home pay?
Thank you for joining The Strategy Stacker and Financial Planner Luke Smith. Luke joined 2CC Talking Canberra 1206AM on The Money Show which aired on Friday 28 January 2022. This week’s topic: The transition to retirement strategy. How to use a pension to top-up your income so you can work less.
If you missed the show, catch up with the podcast here.
Key topics covered include:
You can work 3 or 4 days and top up your income with a transition to retirement strategy.
It works buy using your superannuation to top-up your income and work less in 2022.
Not all funds can be used, for example, government super schemes like PSS aren’t able to use this strategy.
How do you set up a transition to retirement pension?
While you’re working – even part-time you’re still eligible to receive super payments (provided you earn more than $450 per month before tax).
Today many retirees what more time away from work, but don’t want to give up work.
You can also use you pension to pay off non-deductible debt, like your family home.
What are the requirements you need to meet to start a transition to retirement strategy?
Also work with your employer on this change – start early to get them on board.
Think about how you can use this strategy with other financial strategies.
If you find you don’t like working part-time you can go back to full time work. Your pension can be rolled back into super.
Estate planning also needs to be considered as a part of your planning.
Luke shares his top tips to think about before turning super into a pension at retirement.
Listen to the Podcast right now.
https://www.envisionfinancial.com.au/wp-content/uploads/2022/01/The-Strategy-Stacker-Luke-Talks-Money-28012022.mp3

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

Do you need retirement planning advice in 2022?
If you have plans to retire in 2022, seek financial planning advice about your options if you need help to make decisions. It’s very important that you set up your financial life in retirement to achieve your ‘life after work’ goals.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. This includes setting up a retirement plan and seeing if the account based pension is the right structure to help meet your retirement goals.
Make an appointment to confidentially discuss investment, super, retirement and insurance. 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
January 22, 2022Luke on 2CC – Retirement part 1 – How do you turn Super into a Pension when you have retired?
Are you thinking about retirement in 2022? How do you start a retirement income stream from super?
Thank you for joining The Strategy Stacker and Financial Planner Luke Smith. Luke joined 2CC Talking Canberra 1206AM on The Money Show which aired on Friday 21 January 2022. This week’s topic: Account based pensions – the structure you might use, if you were looking to turn your superannuation into a retirement income stream.
If you missed the show, catch up with the podcast here.
Key topics covered include:
Many people confuse the Centrelink Pension eligibility age with the age you can take Pension from your Super.
You can take a pension from your Super at a younger age.
What does retirement mean and what is the declaration you need to make?
How do you start a pension from a super fund?
How often can you get paid income from your pension?
Is there a minimum you need to take each year in pension payments?
How does tax work in the pension phase?
Can you top up your super before you start a pension?
If you stop work and start a pension, can you go back to work if you change your mind?
Estate planning also needs to be considered as a part of your planning.
Luke shares his top tips to think about before turning super into a pension at retirement.
Listen to the Podcast right now.
https://www.envisionfinancial.com.au/wp-content/uploads/2022/01/The-Strategy-Stacker-Luke-Talks-Money-210122.mp3

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

Do you need retirement planning advice in 2022?
If you’ve got plans to retire in 2022, seek financial planning advice about your options if you need help to make decisions. It’s very important that you set up your financial life in retirement to achieve your ‘life afterwork goals’.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. This includes setting up a retirement plan and seeing if the account based pension is the right structure to help meet your retirement goals.
Make an appointment to confidentially discuss investment, super, retirement and insurance. 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
January 15, 2022Luke on 2CC – Setting financial goals for the new year
How do you set yourself up for success? It all starts with goal setting…
Happy new year to our radio and podcast listeners. Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 14 January 2022. Luke returns to the Studio this year with Leon to talk about all things money related. This week’s topic: How do you set financial goals at the start of a new year? Will they just be like other failed new year resolutions? How you approach financial goal setting can make all the difference between success and failure.
Key topics covered include:
The new year is a good time to start a fresh plan
Start slow. Try a monthly goal. Shorter time periods can make it easier to get started
Reward yourself when you achieve your goal
Consider direct debits and offset accounts to pay bills and save.
Consider unlinked accounts – like a separate savings account to avoid impulsive spending
Use January as a benchmark for your expenses – keep track of them to see what you spend
How much should you save? 10% of income is a good starting point. Ultimately start with what you can afford to
Save for those quarterly and yearly bills too like electricity and registration too., Try to avoid dipping into your savings to pay bills
How do you put goals into action?
Luke share’s his key tips for setting goals in 2022.
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2022/01/The-Strategy-Stacker-Luke-Talks-Money-14012022.mp3

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

Do you need advice around setting up your own 2022 financial goals?
Financial goal setting, Set yourself up for success in 2022 and seek advice if you need help and support to understand your options. Make 2022 the year you achieve your goals.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. He can also help you set up short, medium and long-term goals.
Make an appointment to confidentially discuss investment, super, retirement and insurance. 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
December 28, 2021Luke on 2CC – Let’s talk about a Binding Nomination
Did you know your Will doesn’t control your superannuation? Do you have a nomination set up?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 17 December 2021. Luke joins Leon in the studio this studio this week for the second last show of the year. This week’s topic: What is a binding nomination on your super and why is it important?
Key topics covered include:
What is a binding nomination?
Special issues for divorce
What a non-binding nomination?
Do nominations lapse? Some do which means you need to renew them every 3 years
There are limitations to the people you can nominate
What happens if there is a no nomination on your super? What happens to it?
Why doesn’t Luke like non-binding nominations?
Luke share’s his top tips about what should people consider when making a nomination
Seek advice to be more confident in your estate planning outcomes
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2021/12/The-Strategy-Stacker-Luke-Talks-Money-17122021.mp3

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

Do you need advice around superannuation nominations?
Do you need to check the nominations on your super fund? Make sure you seek advice if you need to. Good advice can deliver more confident outcomes.
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, retirement and insurance. 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
December 11, 2021Luke on 2CC – Let’s talk about a Power of Attorney
Ask the Expert Kellin Kristofferson – Issues to consider when setting up your Power of Attorney
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 10 December 2021. Luke is joined by Kellin Kristofferson this week in the studio with Leon at 2CC. Kellin is a Solicitor at ‘Artisan Legal’ in Canberra, ACT. This week’s topic: Do you need a Power of Attorney? Just because your married, it doesn’t give your spouse legal authority to act on your behalf.
Key topics covered include:
What is a Power of Attorney?
What is an Enduring Power of Attorney and how is it different from a General Power of Attorney?
Every state and territory has their own names and they’re not all the same.
In simple terms it provides the ability to act on someone else’s behalf – being married alone doesn’t give you that right automatically.
Who can act for you?
Why wording matters of documents matters.
What’s the difference between a Power of Attorney and an Executor?
What are some of the key considerations when setting up one?
If you don’t have one, but need one, what happens?
What happens if we have documents in one state and property in another?
Does the Power of Attorney have limits?
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2021/12/The-Strategy-Stacker-Luke-Talks-Money-12122021.mp3

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

Do you need advice around setting up your Power of Attorney (POA)?
Do you need help to set up a Power of Attorney? Make sure you seek advice to help get the outcomes you need.
Luke is happy to refer to you to Kellin Kristofferson at Artisan Legal in Canberra for POA, Will and Estate Planning Advice. Visit www.artisanlegal.com.au or call Kellin on 02 6183 5140.
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, retirement and insurance. 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
December 08, 2021Luke on 2CC – Let’s talk about sorting your Will
Ask the Expert Kellin Kristofferson – Issues to consider when setting up your Will
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 3 December 2021. Luke is joined by Kellin Kristofferson this week in the studio with Leon at 2CC. Kellin is a Solicitor at ‘Artisan Legal’ in Canberra, ACT. This week’s topic: Have you got an up-to-date Will?
Key topics covered include:
Why do we put off making a Will?
Will a DIY Will kit work – why should I pay a solicitor make a Will?
Why would you use a testamentary trust?
If you have property in different states do the same rules apply when it comes to your Will?
Can you leave kids out of a Will – What is adequate provision?
What happens if you don’t have Will?
What should you think about when selecting an executor?
Can an executor also be an beneficiary?
What kinds of decisions can executors make?
Good estate planning means having a Will and other documents
Your superannuation does not get covered by your Will – make sure you deal with your binding nominations too.
Jointly owned assets – what you need to know about these kinds of assets
Listen to the Podcast right now
https://www.envisionfinancial.com.au/wp-content/uploads/2021/12/The-Strategy-Stacker-Luke-Talks-Money-03122021.mp3

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

Do you need advice around setting up your own Will?
Setting a Will can be a challenging process. Seeking advice can help you through the process and give you more confidence in the outcomes.
Luke is happy to refer to you to Kellin Kristofferson at Artisan Legal in Canberra for Will and Estate Planning Advice. Visit www.artisanlegal.com.au or call Kellin on 02 6183 5140.
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, retirement and insurance. 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.
21 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…