Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we explore deeper into the intricacies of year-end tax planning and the impending modifications in superannuation. We broke down significant adjustments like the transfer balance cap set at $1.9 million and the forthcoming increase in concessional contributions to $30,000 annually.

Additionally, we explored the bump in after-tax contributions to $120,000, accompanied by a three-year bring-forward option. We also examined the uptick in super guarantee contributions from 11% to 11.5% and the simplification of preservation age to 60 for all individuals. We touched upon the anticipated stage three tax cuts set to take effect on July 1st. Our discussion includes the importance of seeking tailored advice to capitalize on these changes effectively.

For deeper insights, catch the entire episode and stay tuned for ongoing financial guidance by subscribing to our podcast. Join us now!

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• About superannuation changes

• Changes in superannuation limits

• After-tax contributions and bring forward rule

• Super guarantee contribution and preservation age

• Stage three tax cuts and financial planning

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Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, Marcel Dybner, a Partner at Besser+Co Estate Agents in Melbourne, recounts his journey starting from a challenging rental experience that steered him towards making a positive impact. Initially focusing on sales, he entered property management before joining Dion at Besser & Co. He addresses the current property market dynamics, where increased interest rates and landlord pressures are prompting property sales.

Furthermore, the strategies for selecting attractive properties are emphasized, highlighting factors like location, livability, and future development potential. Auction insights reveal varying bidding tactics, with some opting for aggressive early bids and others strategic late entries. Notably, there's a trend towards single-level homes due to the convenience they offer to an aging population. Marcel underlines the importance of seizing investment opportunities aligned with personal goals and financial considerations amidst debt levels and economic uncertainties.

Listen to the full episode for insightful perspectives on navigating the property market and making informed investment decisions.

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• About Marcel Dybner

• Overview of Besser and Co. Estate Agents

• Property market trends and challenges

• Factors influencing property purchases

• Property development and investment strategies

• Property selection based on client needs

• Financial considerations and discussions on loan repayments

About Marcel Dybner

Marcel is a Partner at Besser+Co Estate Agents in Melbourne and has been recognised as a leader in the Real Estate industry.

Along with his own blog, he has been published in The Age, Sydney Morning Herald, Business Insider, Smart Company, Property Observer and a host of other publications. He was most recently on the cover of Elite Agent Magazine and featured in their ‘Every Agent has a Story’ series alongside Million Dollar Listing LA (MDLLA) brothers Matt & Josh Altman.

Property represents most people's largest single asset and handling its tenancy carries significant responsibilities.

Marcel strives to deliver superior service through constant communication with clients, achieving excellent rental returns and the best results possible. His drive, along with his ability to communicate both with and between parties in an approachable manner, provides Marcel and his clients with a competitive market edge.

Connect with Marcel:

• Website | www.askmarcel.com.au

• Linked In | www.linkedin.com/in/marceldybner

• Instagram | @marceldybner

• Twitter | @askmarcel

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Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we discuss asset protection strategies concerning personal and business finances. We stress the importance of segregating personal and business assets to shield against risks like creditors or business failures. Utilizing trusts, companies, superannuation for asset protection, and advising seeking professional guidance from financial advisors, lawyers, and accountants for legal compliance and tax planning. Lastly, we emphasize early planning and professional advice, noting the need for a comprehensive approach considering taxation, wealth goals, risk management, and legal compliance.

Learn essential strategies from financial professionals to protect against risks and maximize your wealth potential. Don't miss out – listen now for invaluable advice on securing your financial future!

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• Importance of protecting accumulated assets

• Separating business assets from personal assets for protection

• Trusts and entity structures

• Company structures for business

• Utilizing superannuation contributions

• Business protection measures

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Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we discuss rentvesting, a strategy where you rent your home while investing in other properties for income. This approach provides flexibility in your living situation while potentially generating returns from your investments. We discuss the tax advantages, such as mortgage interest deductions, and potential drawbacks like less security in your living situation and loss of first-time homebuyer benefits. We also touch on the need for careful cash flow management and alternatives like "own vesting."

If you are rentvesting or planning to, listen to this episode and find out more about it. Join us for a meaningful discussion!

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• About rentvesting

• Exploring the benefits of rent vesting in terms of investment returns and lifestyle choices

• Challenges of balancing lifestyle requirements with property investment goals

• Importance of considering cash flow implications and diversifying investments beyond property

• Discussion on the importance of setting a trajectory and seeking guidance for successful rent vesting

• Tax implications and alternative strategies

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Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment.

In this episode, we discuss the latest trends in global investment markets. We examine the S&P 500's decline of 2.47% and its connection to inflation, which came in at 0.4%, while addressing the shifts in interest rate expectations and potential recession signals such as the Mel and SAHM rules.

In Australia, the ASX 200 saw a minor decline of 0.79%, mirroring the US market, while rising inflation is outpacing income growth. There is also an increase in metals and mining, and precious metals prices, particularly gold, as a hedge against market volatility.

It is important to level-headedness during economic uncertainty and preparing for potential recessions. So seek financial advice to navigate the current climate in this episode. Join us now!

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• Discussion on changes in the US stock market

• Discussion about recession signals like the Mel Rule and SArm Rule

• Concerns about rising unemployment and potential economic downturn.

• Australian market reacting to the US market trends

• Income growth challenges in Australia

• Anticipated increase in financial advice needs during economic uncertainty

• Strategies for households to manage rising costs and potential recession impact

• Discussion on the metals mining industry, focusing on iron ore and China's demand

• Recent market trends showing signs of concern and fluctuations in money markets

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Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we discussed the concept of being asset-rich but cash flow-poor in the context of retirement. The accumulation of assets without sufficient income, due to tax considerations, can lead to challenges during retirement. The options presented included liquidating assets for income-producing alternatives, downsizing the family home, considering reverse mortgages, or purchasing a downsized home early. Proactive financial planning, with advice tailored to individual circumstances, is crucial. It is essential to seek personalized advice from a financial advisor, tailored to specific goals and circumstances.

This episode is packed with valuable insights and strategies, all tailored to help you navigate your financial future. Tune in and empower yourself with knowledge!

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• The concept of being asset rich and cash flow poor

• Strategies to transition from relying on personal income to generating investment income

• Asset types for those in asset rich, cash flow poor situation

• Importance of having a clear exit strategy

• Cash flow issues

• Planning ahead and seeking personalized financial advice

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Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we discussed getting the most out of age pension. We talk about who can get it, how it's been changing, and how the government decides who gets it based on what you own and earn. We also share tips on how to maximise the age pension also!

Furthermore, we explain that there are limits to gifting money while still qualifying for age pension. That’s why it is important to plan early and get advice because living costs can be tough on just the pension. So, think carefully about your money to make sure you're set for retirement.

Take charge of your financial future by learning how to maximise your age pension entitlements. Join us now!

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• About age pension eligibility

• Means testing and assessment of assets

• Strategies for maximizing age pension entitlements

• Complexities to consider regarding beneficiary impact and fund preservation

• Understanding spousal contribution and superannuation strategies

• Gifting assets and financial structuring

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Welcome back to another episode of the 360 Money Matters Podcast!

In this episode, we discussed equity in property, focusing on its calculation, utilization, and implications. We explained equity as the difference between the property value and the debt owed, influencing the loan-to-value ratio (LVR). An LVR above 80% may incur mortgage insurance costs due to increased risk for banks. Utilizing equity can enable diversification into other assets or properties to further expand your wealth creation.

Another key point highlighted was structuring loans to ensure tax deductibility based on the fund's purpose. The debt recycling strategy was introduced as a powerful method to convert non-deductible debt into deductible by investing strategically with borrowed funds from existing equity. This approach involves building an investment portfolio that generates income to pay down non-deductible debts over time.

Join us and learn how to leverage your property equity effectively and make informed financial decisions. Hit the play button now!

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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

Episode Highlights

• Understanding equity in property

• About loan-to-value ratio and equity calculation

• Considerations when taking out equity and investing it in other assets

• Assessing serviceability and tax considerations

• Debt recycling as a powerful strategy

• Having an exit strategy and risk mitigation plan

Connect with Billy and Andrew!

360 Financial Strategists

Check out our latest episode here:

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