447 understanding SMSFs: how they work, the costs, risks, challenges + more

In today’s episode Dev interviews Alex Luck of Everest Wealth, touching on:

👉🏾 what is an SMSF?

👉🏿 what can I do with SMSF that I can't do with normal industry super/retail funds

👉🏻 fees associated

👉 at what value is an SMSF cost effective?

👉🏼 what about rules and taxes?

👉🏽 what happens if some people in accumulation phase, and others in retirement phase?

👉🏾 do all members have to be invested in same asset class?

👉🏿 what about insurance?

👉🏻 who is responsible for investment decisions?

👉 what happens in marriage breakdown or death of a member?

👉🏼 how do you wind it down?

👉🏽 what happens if you breach the strict super laws since you are on your own?

Alex Luck

Everest Wealth (everestwealthgroup.com.au)

Instagram (@everestwealth)

We hate email spam so we don’t create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.

To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.

SYMO interactive Pty Ltd trading as money money money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.

Hosted on Acast. See acast.com/privacy for more information.