Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 21 February 2025. The topic for this week is: Misconceptions in 2025 – Common mistakes people make when managing their money. There is a lot of information around financial matters – but not all of it is correct. If you hear about a financial opportunity or tip, it’s essential to check it out properly from a reliable source before you take action. Luke explores some key misconceptions he’s been hearing this year to ...
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 21 February 2025. The topic for this week is: Misconceptions in 2025 – Common mistakes people make when managing their money. There is a lot of information around financial matters – but not all of it is correct. If you hear about a financial opportunity or tip, it’s essential to check it out properly from a reliable source before you take action. Luke explores some key misconceptions he’s been hearing this year to help you separate the facts from the fiction.
Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.
Key topics covered include:
- If you hear a financial tip, check it out from a reliable source before you take action.
- You can’t add money to super once you’ve retired – that’s not correct, there are ways to get money in.
- Can you stop a pension once it is started to add an inheritance or additional monies? Yes you can!
- Catch-up contributions – misconceptions around the date you apply to be eligible to use this opportunity
- I’m in the PSS – I can’t make additional contributions to super – that’s not correct!
- Kids won’t pay take on your super if you pass away – that may not be correct, depending on their age
- Industry funds will allow you manage franking credits – that’s not correct!
- Self managed super funds are the most expensive – that’s not correct if your balance is higher
- I need to have ten to twenty thousand dollars to start investing – that’s not correct – you can start small
- My Will takes care of all my assets – that’s not correct for your superannuation, consider a binding nomination form
- A balance fund is not always balanced – check out your asset allocation, investment labels can’t always be trusted
- Your entire super fund is used to work out your asset test value for Centrelink – that’s not always correct if you have a younger partner!
https://www.envisionfinancial.com.au/wp-content/uploads/2025/02/The-Strategy-Stacker-Luke-Talks-Money-21022025.mp3
Our podcast is also available on Apple Podcasts, Spotify and YouTube – ‘The Strategy Stacker – Luke Talks Money’
Do you need some financial planning advice to help you move forward with confidence?
You’ll often hear financial planning tips from friends, family and sometimes even a taxi driver! Check out the information from a reliable source or seek advice before you make important financial decisions. Mistakes can be costly.
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement (including transition to retirement). Simply make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.
Luke will return to 2CC to talk about other ‘Money Matters’ next week, we hope you can join us. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.
We look forward to your company again. Luke’s book Smart Money Strategy is out now.
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