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.au
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Website – https://www.bcsmsf.com.au
Please 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 circumstances
Timestamps:
00:00:00 - 00:00:00: Introduction
00:00:52 - 00:01:13: Complexities of Setting Up an SMSF
00:01:13 - 00:01:34: Choosing a Reputable Provider
00:01:34 - 00:01:55: DIY Pitfalls and Fixing Mistakes
00:02:17 - 00:02:48: Importance of Compliance and Administration
00:02:48 - 00:03:10: Ongoing Responsibilities of an SMSF Trustee
00:03:33 - 00:03:54: Efficient SMSF Setup with the Right Team
00:04:16 - 00:04:36: Market Crashes and Investment Strategy
00:05:09 - 00:05:29: Monitoring SMSF Fees
00:07:18 - 00:07:39: Taking Action with Your SMSF
00:07:39 - 00:08:01: Updating Binding Death Nominations
00:08:01 - 00:08:33: Maximising Super Contributions
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