Hosted by Australian financial and investment advisers, Dylan Pargiter-Green & Luke Laretive, Wealth & Toil helps Australians navigate the global financial markets, optimise their finances, and strategise to get the most out of their businesses. We'll share some of our client's case studies, investment tips and a few of the lessons we've learned running financial advice and investment management companies.
General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.
Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:
Hosted on Acast. See acast.com/privacy for more information.
Hosted by Australian financial and investment advisers, Dylan Pargiter-Green & Luke Laretive, Wealth & Toil helps Australians navigate the global financial markets, optimise their finances, and strategise to get the most out of their businesses. We'll share some of our client's case studies, investment tips and a few of the lessons we've learned running financial advice and investment management companies.
General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.
Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:
Hosted on Acast. See acast.com/privacy for more information.
In this episode of "Wealth and Toil," Luke Laretive and Dylan Pargiter-Green discuss buying property in SMSFs, retirement and superannuation.
Financial Requirements and Costs:
- a combined super of at least $500,000 is advisable to cover annual audits, tax returns, and management fees which can total around $3,000 to $5,000.
Alternatives to SMSFs for Common Investments:
- For those interested in common investment types like shares and bonds, modern investment platforms provide sufficient access without the need for an SMSF.
Buying Property through SMSFs:
- Specifics of buying property within an SMSF, the considerations regarding loans, access to debt, and the importance of not over-leveraging.
Diversification and Risk:
- risks of placing too much of an SMSF’s portfolio into a single asset class, such as property, emphasizing the need for diversification.
Challenges in Retirement:
- potential issues in retirement, especially when an SMSF property is geared, highlighting the difficulties in managing large, illiquid assets in later life.
Commercial Property Investments:
- Ccommercial properties can be advantageous for business owners using SMSFs but there risks like prolonged vacancies.
Beware of complexity
- Beware of overly complex or high-risk financial strategies within SMSFs, especially for those not highly financially literate.
- Some financial advisers who promote SMSFs primarily for their financial benefit through fees and commissions.
General Advice Warning: This podcast is intended and contains general information on financial strategies, investments, and products only. Whilst Luke and Dylan are both licenced Financial Advisors, we don’t know your personal circumstances, goals or objectives. We highly recommend that you reach out to your Financial Advisor or investment professional to discuss any of the topics we have covered today before taking action.
Our full disclosure, copies of our financial services guides and additional information about Seneca Financial Solutions and Bold Wealth can be found below:
https://www.boldwealth.com.au/
Hosted on Acast. See acast.com/privacy for more information.
