In this episode of SMSF Insider, host Troy, founder of Blue Chip SMSF Services, discusses critical mistakes to avoid when establishing a Self-Managed Super Fund (SMSF). He emphasizes the importance of getting involved in the market and not waiting for the perfect timing. Troy explains the significance of choosing the right trustee structure, highlighting the differences between a corporate trustee and individual trustees. He warns listeners about potential issues that can arise from having two individual trustees, such as relationship breakdowns or the death of a trustee. Tune in to learn how to navigate the complexities of SMSFs and take charge of your financial independence.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/Follow 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: Introduction00:01:03 - Choosing the Right Trustee Structure00:02:09 - Tailoring Your Investment Strategy00:02:51 - Assets Must Be in SMSF Name00:03:13 - Rolling Over Existing Super Funds00:03:45 - Avoiding Cash During Market Downturns00:04:28 - Monitoring Your Investments00:04:59 - Getting Professional Help for Setup00:05:20 - Updating Binding Death Nominations00:05:53 - Prohibitions on Personal Expenses00:06:25 - Avoiding Over-Diversification00:06:45 - The Dangers of Procrastination

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