Generally speaking, most people will have some sort of insurance cover in their current fund. What we do when we when we set up the fund and we start the rollover, we’ll pull out the maximum amount that we can that leaves that account open. So your insurance is active which is generally around $6,000. …
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What is the process for rolling over funds into a SMSF?
Once we’ve got the bank account set up I generate bank statement I’ll fill in all the forms. It differs between each rollover sorry, between each super company, generally they’re by mail. So what I would do is prepare the forms, send it to you guys. There are some companies that do allow online submissions. …
What is the process for rolling over funds into a SMSF? Read More »
Will this work for me?
You’re never going to be able to out-perform your self image. You’re only going to be as successful as you commit yourself to be. So you have to, you have to actually believe, because all you guys are essentially the same, all you really care about is does this property investing thing work? And will …
What are the benefits of having a SMSF?
Having an SMSF you have full control over your investments, and you do have a wider range of investment options. So obviously one of the biggest being residential or commercial property. You can pull your super together so to speak with your husband or wife, family members. A self managed Superfund can have up to …
Why use an expert?
You’ve only got two choices – learn from your own mistakes or learn from other people’s mistakes. If you learn from your own mistakes it’s going to cost you time and money, in my case it could be a lot of time a lot of money. If you learn from other people’s mistakes it doesn’t …
What makes for a successful property investor?
Well, to me, it’s two things. The first thing is mindset, you’ve got to have the right mindset. The other thing is you’ve got to have a successful strategy. If you’ve got a successful strategy, but your attitude’s bad, your mindset’s not right you’re still not gonna make it. And if you’ve got a fantastic …
What is a Self Managed Super Fund?
What is a SMSF or a Self Managed Super Fund and what is the process of setting it up? So, an SMSF stands for Self Managed Superfund. So it’s a private trust, a trust structure, private Self Managed Superfund that we set up and it allows the member to have full control over the investments. …
Why Should I Invest in the First Place?
If you look at the stats, it’s pretty scary stuff, like 96% of people at age 67, they’re still working because they have to for money, or they’re no longer with us, or they’re 100% reliant on the pension or welfare. Only 4% of people at 67 are financially independent, which means they’re not dependent …
