#001 - 20 Years Of Brutally Honest SMSF Experience (In Under 10 Minutes)

01/08/2025 9 min Episodio 1
#001 - 20 Years Of Brutally Honest SMSF Experience (In Under 10 Minutes)

Listen "#001 - 20 Years Of Brutally Honest SMSF Experience (In Under 10 Minutes)"

Episode Synopsis

Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/In this debut episode of SMSF Insider, Troy Rabaud, founder of Blue Chip SMSF Services, shares the raw truth about what really happens when you try to DIY your self-managed super fund or trust the wrong provider. From horror stories to costly compliance failures, you'll learn what not to do, why "cheap" setups often end up expensive, and how to avoid losing your retirement savings to ex-spouses, hidden fees, or ATO penalties.Whether you're setting up your first SMSF or managing an existing one, this episode will arm you with the clarity you need to take control the right way.👉 Ready to take control of your retirement savings without stuffing it up? Contact the Blue Chip team: https://www.bcsmsf.com.auFollow us:Instagram – https://www.instagram.com/bluechipsmsf/Website – https://www.bcsmsf.com.auPlease note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstancesTimestamps: 00:00:00 - 00:00:00: Introduction00:00:52 - 00:01:13: Complexities of Setting Up an SMSF00:01:13 - 00:01:34: Choosing a Reputable Provider00:01:34 - 00:01:55: DIY Pitfalls and Fixing Mistakes00:02:17 - 00:02:48: Importance of Compliance and Administration00:02:48 - 00:03:10: Ongoing Responsibilities of an SMSF Trustee00:03:33 - 00:03:54: Efficient SMSF Setup with the Right Team00:04:16 - 00:04:36: Market Crashes and Investment Strategy00:05:09 - 00:05:29: Monitoring SMSF Fees00:07:18 - 00:07:39: Taking Action with Your SMSF00:07:39 - 00:08:01: Updating Binding Death Nominations00:08:01 - 00:08:33: Maximising Super Contributions