The Ramsey Show (April 27, 2022)




Reasons Why You Need to Start Saving For Retirement

A surprisingly large number of people usually never worry for their nest eggs till a day arrives when they suddenly realize that they really don’t have any viable plans for the retirement. There are literally millions of reasons for you to start making efforts for saving for your ensuing retirement now, but below I explain enough of these reasons to hopefully convince you about the significance of making investments in your future. Just figure out roughly as to how much money you may need for your retirement- that particular number is the reason for why.

What Happens to Your Superannuation When You Die?

If you have superannuation savings and you die (including investments held within a SMSF) there is a possibility that your family could be hit with a potentially significant tax on the benefits they receive. This article examines what happens to your superannuation when you pass away including control and the tax consequences of what is normally every Australian’s second most valuable asset after their home.

Investment Advice – They Aren’t Called “BROKErs” For Nothing

This article reveals: Why, If you don’t want to be “broker”, you need to fire your broker! The the lies we tell ourselves that cause us to lose over & over again. The only three investment options you have available to you. The ONE option that corrects EVERY retirement financial problem. What you can do to NEVER LOSE ANOTHER DIME AND GET INCOME GUARANTEED FOR THE REST OF YOUR LIFE!

10 Tips on How to Start Planning For Retirement

Everyone should be planning for an active retirement. First, the best investment for a young person is to invest in themselves–education and books. Second, learn and discipline yourself to live on 70 – 80% of your income.

Retirement Savings Plan – Debt Snowball

A simple plan to increase your retirement savings (401K) while continuing to pay down debt. A coworker of mine wanted to up his retirement contributions while pay down debt and up with this plan. I tweaked it a little, and put it down on paper!

Self Managed Superannuation Fund (SMSF) – How Much is Required to Set a SMSF Up?

One common question in regards to the establishment of an self managed superannuation fund (SMSF) is ‘how much do we need to start one?’ The answer is simple: It depends! If you read the information out there regarding this subject, you will find that the recommended minimum amount required for establishing a SMSF is $200,000. This article will show that needing $200,000 plus to start a SMSF is false – providing you do some planning.

Your SMSF is a Target For Fraudsters – 8 Practical Tips to Protect Your Superannuation Savings

Self managed superannuation funds (SMSFs) are extremely popular in Australia and their is well over AU$332 billion in assets owned by SMSFs and the amount is growing rapidly. It is not surprising that SMSFs are often the target of fraudsters and thieves. This article will provide you with 8 practical tips you can apply to protect your retirement nest egg from thieves, fraudsters and other investment spruikers and rip-off merchants.

Under 35? Five Simple Things You Can Do Now to Boost Your Superannuation Savings

Chances are that if you are under the age of 35, the balance of your superannuation savings is probably the last thing from your mind. However, there are some simple actions you can take now to ensure that when you do get closer to retirement age, your retirement nest egg will be very healthy and enable you to live a fantastic lifestyle. This article reveals five simple things you can do today that are either free or low cost that can boost your super and take it to a whole new level.

Why You Should Not Set Up a Self Managed Superannuation Fund (SMSF)

I believe that Self Managed Super Funds (SMSFs) are absolutely fantastic vehicles for wealth building, asset protection, saving tax and looking after your family when you die. However – they are not for everybody. This article will look at the reasons why somebody simply shouldn’t have a SMSF. As you are reading, examine your own motivations for having a SMSF or wanting to set one up.

Property Investment Via a Self Managed Super Fund – SMSF – Why Insurance Cover is Essential

Investing in property via self managed superannuation funds (SMSFs) utilising borrowings and an installment warrant structure is becoming increasingly popular. One key aspect which is potentially overlooked however is the correct insurance policies your SMSF needs to have in place not only protect your investment, but also yourself and your family in the case of death, disability or loss of income.

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