My HECs debt is larger than my savings, diversifying currency, high income tax bills & lithium stocks (Adviser Q&A)
Apr 15, 2024
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Financial adviser Alex Luck and financial expert Owen Rask tackle questions on managing HECs debt, diversifying currencies, handling high income tax bills, financial commissions, and the potential of lithium stocks. They delve into tax-efficient strategies for high earners, discuss Australian vs US ETFs, and explore the nuances of HECs debt repayment. The podcast also covers the tax implications of income protection premiums, the importance of portfolio diversification, and providing valuable financial education for listeners.
Understand income protection insurance tax implications and payment options through super or personally.
Invest in lithium stocks cautiously, considering oversupply risks, and diversify your portfolio for sustainable growth.
Deep dives
Choosing Income Protection Insurance
When considering income protection insurance, it's crucial to review your policy, including the benefit amount and payment structure. Understanding the tax implications of paying for insurance through super versus personally is essential. Analyzing your cash flow needs and long-term financial goals can guide your decision on the most suitable payment method.
Investing in Lithium Stocks
Investing in lithium stocks, which represent a commodity crucial for batteries, demands careful consideration. As lithium supply increases, the market may face oversupply issues, affecting stock prices. Diversifying your investment portfolio to mitigate risk and focusing on companies with sustainable growth prospects and control over their future can be beneficial.
Additional Financial Opportunities
Explore a wide range of financial opportunities offered by Rask, from investing platforms tailored to your needs to property coaching, financial advisory services, and business acceleration programs. These services are designed to help you optimize your financial management strategies and achieve your wealth growth and preservation goals.
Pearler, the broker for long-term investors. Sign up to Pearler using the code “RASK” for $15 of Pearler Credit: bit.ly/Pearler
DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.