Jason Featherby, Managing Director of Knight Financial Advisors, is an astute financial planner and business manager with over 10 years experience. He is an expert in designing investment strategies, retirement preparation plans, structuring superannuation, risk management, asset and life protection, and the development of estate planning strategies. Join him on 6PR every Wednesday at 1pm with Simon Beaumont where he discusses these topics and takes questions from the listeners. If you are unable to tune in, you can listen to recordings on our Soundcloud channel.
Managing Christmas Spending
03:54 Closing a private super fund with shares still remaining in it.
07:43 The benefits of budgeting when purchasing gifts.
11:57 Lodging a tax return when you’re on Centrelink.
12:50 Purchasing farmland through a superannuation fund.
15:33 Amalgamating four different superannuation funds into one account.
18:05 Creating a self managed super fund with multiple members.
20:28 How to consolidate separate investments into one portfolio.
Should Superannuation Be Compulsory?
02:12 Why would people opt out of their superannuation?
04:14 Risks of opting out of your superannuation.
06:59 What are the best monetary options when travelling overseas?
11:38 Transitioning to a retirement pension when you haven’t reached retirement age.
15:20 How can I rollover funds from one superfund to another?
17:30 Rolling over funds from a private superfund to a GESB account.
20:05 Is it possible to claim your super before you reach retirement age if you’re on hard times?
Self Managed Super Fund Week Special
05:01 Are self managed super funds suitable for everyone?
06:03 Financial planning at every stage of your life.
09:13 Investment possibilities for recipients of a disability pension.
12:06 What’s best for the future: should I set up a self managed super fund or look at investing?
13:43 Is it possible to dip into my super to pay off my mortgage, and then repay my super?
15:46 What are the deductions on my superannuation statement?
17:23 Scenario: I had $25,000.00 in a fixed term deposit, however, I didn’t receive a great return on it. What other investment options do I have?
18:39 The risk of buying property “off the plan
Why now is a good time to ask your bank for money
05:24 Four things you need to consider when approaching a bank for services
10:56 Why don’t large banks like to lend small amounts of money?
13:56 Depositing large sums of money into super as a retiree, how safe is it?
17:32 What is the difference between insurance cover and death cover?
19:50 What is a good percentage rate to be paying for super and how do you find out how much you’re paying?
Helping your children enter the housing market, the dos and the don’ts
02:41 Evaluating your children’s financial situation.
04:00 Are the younger generation seeking financial advice and should they?
05:30 Is it a good idea to put you super into higher risk investments at a later stage in life?
08:20 Is the income drawn from your super a taxable income?
12:40 Receiving a UK pension.
16:05 Inheriting a sum of money, what should you do with it?
17:54 State Government Gold State Super, what does it mean for you when you retire?
Unpaid Super Entitlements
03:55 How to cross-reference your payslip against your super balance?
05:20 Where to get help if you think you may have unpaid super?
06:30 How to approach your employer to seek clarification on your super?
08:28 Scenario advice: pre-retirement planning and investment options if you had over $600,000 in your super.
15:30 Getting early access to your super and application due to financial hardship.
17:30 Investment options for those who’re approaching preservation age and how to start your transition to retirement.
22:00 Combing super policies and multiple insurances
Findings from the Banking Royal Commission Interim Report
4:23 What it means for us?
6:25 First colonial investment
10:07 Self-manage accounts (SMA)
13:22 ‘Bring forward’ rule for superannuation fund
15:15 Pension and conventional scheme
17:26 Deferred annuity
19:05 Banking credit
20:39 Outcome and what it means for us
4:22 Keep or sell investment property
7:49 Life insurance and superannuation
12:30 Superfund policy for part-time/casual work
15:51 Selling property and capital gain/status
18:06 Superfund and life insurance advisers
Talking Money with Kids
4:57 The bull vs. bear market and how they’re characterised
6:04 What is irrational exuberance
6:23 What could stop the bull run
8:29 Recommended split of growth and defensive assets in super
16:50 Market crashes vs market corrections
18:08 Having a financial advisor and not receiving any advice – what to do
20:30 Why it’s so important to read your super statement properly
21:10 When to start getting financial advice
23:30 Can you access super to clear a debt?
Bull vs. Bear Markets
2:56 Four types of parents who deal with money and kids differently
4:58 Teaching Kids about money
7:33 Investment debt and mortgage
11:01 Importance to see physical value of money
12:20 Starting a super fund for children
13:50 Investment property
17:05 Starting up super fund for apprentices and university students
19:43 Setting up trust or investment bond for kids
21:09 How to approach the discussion of money with your kids
The 5C’s of Lending
3:50 at what age should you consider an aggressive portfolio mix for your super?
5:20 the sleep test for how many growth assets you should have in your super portfolio
6:00 how much do you need to set up a self managed super fund
7:20 restrictions on investing in international properties with your super
13:08 are you better off to claim a tax deduction on your voluntarily super contributions or taking the tax benefit of not paying tax at all?
14:45 how and why do interest rates change throughout the duration of a loan?
17:50 when should you start making voluntary super contributions?
21:00 the 5 C’s of lending explained
22:50 how to get into the stock market
Super Productivity Explained
7:28 voluntarily putting money into super over the age of 75
10:20 the underperformance of super funds identified by the productivity commission
15:35 buying an index/ETF with money out of an SMSF
17:25 downsizing as an over 65-year-old
Changes to Super Insurance and the Implications on Young People
7:30 starting a family on only one income
10:02 should you diversify your investment portfolio if you’re 25 and in debt?
16:50 the cost of financial advice
19:20 super changes for people over 25 with less than $10,000 in their super
21:47 the importance of having income protection
Recent Budget Changes Explained
3:40 planning your super contributions year to year
3:50 income protection policies and annual leave
6:25 the minimum you’re allowed to have in super before your pension reduces
8:10 does your wife/husbands HECS debt impact you at tax time?
16:20 asset test limit for singles – the maximum
17:30 selling shares and offsetting capital gain by contributing to super
22:55 withdrawing money out of your super if you have a chronic illness
New Tax Thresholds Explained
7:10 what do the new tax thresholds mean?
8:30 what are undeclared capital gains
14:20 what commission financial advisors get on insurance?
17:45 as someone over 50 what investment should you be focusing on in your super fund?
20:10 military super and the rules
Top 5 financial regrets of Western Australians
6:08 1) not saving enough and or spending recklessly
7:04 regretting not investing in cheap shares and then seeing them increase
7:50 2) not studying enough or studying the wrong thing
8:30 3) poor financial planning
16:15 4) 19% of Australians wished they invested more earlier
17:00 5) investing in the wrong things
19:00 emotional decisions about spending money on pets
20:04 investing in gold, the do’s and don’ts
11 Signs you’re going to be wealthy
2:36 1) start saving for retirement as soon as your start work
3:45 2) always make loan repayments in full and on time
4:45 3) shop around and look for deals
8:00 4) prepare for the unexpected – always have an emergency fund
13:40 5) don’t spend what you earn
14:20 6) contributing more than the minimum super contribution
17:10 complications to buying a house and renting it out
21:10 Consolidating your super once your mortgage is paid off
22:30 7) having everything you need but not everything you want
23:00 8) progressing in your career and asking for pay rises
23:30 9) you don’t spend too much on housing – 30% of your income
23:50 10) your money in in diversified and aggressive investments
24:20 11) you don’t have credit card debt
Self Managed Superannuation Funds
5:00 Why do people set up a self managed super fund
7:15 Is now a good time to reevaluate property investment
14:40 The best way to grow your superannuation fund
17:00 Accounting costs involved in a self managed superannuation fund
20:30 Is it a good idea to switch your super provider close to retirement
22:50 Where to start if you don’t have a super fund
4:10 Financial literacy explained
5:00 Why a basic understanding of financial literacy is intertwined with your financial state
6:30 Is a bridging loan a suitable option when purchasing a house?
08:10 What could a financial planner do for you if you are financially stable?
11:30 Is it worthwhile going to an independent financial advisor rather than one at your bank?
13:25 Putting money aside for children – the best options
15:20 Tax implications when taking money out of a public trust fund
17:30 Businesses getting financial advice – the services available
19:15 Turning your super into an income stream – how to
4:20 What is a market correction
6:00 Readjusting your investment mix
13:30 If 50% of super investment is in shares what is the other 50% investment mix
15:50 Changing your beneficiary on your super nomination form
17:10 Keeping your super in high growth, is it safe
18:30 The rules of selling your home and contributing the profit to super
19:40 Where do you go to find out where your super is being invested
21:00 The different types of super investment funds
22:00 Finding your lost super funds and rolling them in to one
A Lesson in Bitcoin
2:10 What is Bitcoin?
3:20 What can you buy with Bitcoin?
5:10 What should you be doing financially at the age of 18?
12:50 Is Bitcoin dangerous?
16:00 Government co contribution to superannuation, what is it?
19:15 The best investments for your children’s savings
21:10 Will Bitcoin ever replace money?
Saving Tips for Christmas
6:31 When Superfunds increase fees
8:20 Christmas Spending Statistics
15:15 The Top 3 Christmas Tips
17:20 Bank Shares and Capital notes
18:35 Transition to Retirement Pensions
19:34 Workers Compensation and tax
21:35 Using superannuation vs. Loans
Preparing for Retirement
5:20 Are Australians prepared for retirement?
17:56 Can you invest superannuation in crypto currency?
19:46 Advice on making extra contributions to superannuation
22:10 Setting up a superannuation
24:03 Advice on Bitcoin Schemes
Top 10 Questions asked by clients
9. Do insurance companies pay out?
8. How many clients do you have and what type of clients are they?
7. How often can I expect to hear from you and meet with you?
6. What qualifications and experience do you have?
5. Are you independent or aligned with a bank?
4. How do I paylist tax?
3. What returns will I get if I invest with you?
2. What do you charge and how are you paid?
1. How much do I need to retire?
Reflecting on the 1987 Stock Market Crash
2:23 – What caused the crash?
4:22 – Telstra shares
6:48 – Binary options
12:57 – Self-serve check-outs vs. customer service
16:00 – Superannuation maximum and the pension
18:58 – More about self-service checkouts
The ‘Gambler’s Fallacy’
1:10 – Intro to the ‘Gamblers Fallacy’ Theory and Psychology Traps of Financial Investing
3:05 – Anchoring Trap
4:15 – Not owning up to investment mistakes
5:55 – Avoidance Trap
6:20 – Superiority Trap
15:00 – Pro’s and Con’s of Annuity
17:20 – Risks of Bitcoins and other Virtual Currencies
19:25 – Land tax and overlapping settlement dates
Planning For Longevity Risks
3:34 – Why you need to plan for longevity risk
5:43 – What factors contribute to longevity
7:48 – What to plan for
8:44 – What happens if something changes
What Makes A Good Financial Planner
1:35 – What makes a good financial advisor
19:17 – What is a non aligned financial planner?
20:10 – What are the kickbacks from large financial planner companies?
20:20 – What is a reasonable fee for a financial planner?
22:20 – Do you need to build a relationship with your financial planner?
2:48 – Advice on retirement planning
6:16 – Underestimating the importance of growth
7:19 – Managing retirement when you get paid weekly
8:34 – Mapping out your retirement income
14:50 – How much should you have in reserve
22:22 – Assessing your risk profile for retirement
The strength of Australian dollar
3:00 – Should Bitcoin be a legitimate crypto currency?
3:58 – Who are the winners and losers of the AUD?
6:30 – Who is not benefitting the rise of AUD?
14:57 – What’s the best way to buy foreign currency?
20:21 – Will the Reserve Bank of Australia increase interest rates?
8:07 – Who can receive your superannuation?
9:12 – Who gets your superannuation if you don’t have a will?
18:20 – How to get your affairs in order
20:23 – How do you write your superfunds into one
2:40 – Why Australians have high debt?
5:13 – How debt can go wrong?
6:05 – Tips on how to manage your debt
7:12 – How to consolidate your debt
8:27 – Changing your behavior when managing debt
16:40 – How to handle your funds when you’re retiring
17:09 – Why you need to create a monthly budget list
3:00 – How does compound interest work?
4:20 – Is it worth investing in something like bitcoin?
6:00 – Examples of the power of compounding
13:00 – How to set up an account for compound interest?
14:30 – How to open a savings account that is difficult to access
16:30 – What to do now with new contribution limits to constitutionally assured superannuations funds
21:00 – Potential changes for the future of superannuation
3:40 – What does traditional retirement look like?
5:15 – Why and how is this model changing in the future?
6:25 – What are our future work habits going to be?
15:30 – Can you purchase property with Superannuation funds?
18:00 – Government introducing property downsizing tax breaks for retirees.
21:00 – What is your age requirements for the pension age, and how to find out.
3:00 – Typical situation a retiree is in
4:30 – How much are you going to need when you retire?
7:00 – Is it possible to freeze superannuation fees if you stop contributing for any reason
12:00 – Is it a good idea to set up a reverse mortgage if not currently working, but not retired yet
13:30 – Transitioning a superannuation fund into a pension fund
16:00 – Removing money from Superannuation when your account has been closed
18:20 – Where fees on superannuation fund withdrawals come from
2:30 – Defining a pre retiree, mortgage reduced or payed off, kids out of home, thinking about wealth management and retirement
3:20 – The main troubles are on reducing tax, and having enough to retire – making sure enough is put away, and in the right place.
6:30 – Where to invest tax effectively with reduced cap on superannuation
9:30 – What is the next step after heavily set up super fund to last the next 20 years
14:00 – Transition to retirement pensions
16:30 – Making sure your insurances are in place
Accumulators & Shares Investing
2:30 – How to extract dividends from shares once they have been set up to reinvest
4:20 – How to sell shares individually or through brokers
5:30 – Advice for accumulators, 20-30’s with two income and no kids – the best way to spend their money to protect lifestyle.
11:30 – Investing in index funds (Vanguard) for retirement
14:00 – Advice on capital gains tax on selling shares that have been held for a long time
16:00 – Whether to invest or pay down mortgage for 20/30 year olds
18:30 – Deciding whether to sell or keep a poorly performing share
Income Protection & Insurance
00.30 – According to a recent survey in Australia – 95% of Australians are under insured
02.30 – The average Australian insurance cover is $200,000, statistically we should have about $700,000 of cover
07.30 – Basic advice for claiming on your super for financial hardship
17.00 – Some of the reasons people don’t get paid out for insurance
22.00 – How to reduce your insurance as you get older to save your superannuation fund
23.00 – Taking out life insurance cover as a New Zealand citizen
25.00 – Will high cholesterol effect your ability to increase your life insurance?
04:00 – Consolidating superannuation funds.
14:00 – Understanding the rate of returns on a superannuation statement
15:00 – Do you pay tax when you have started a pension and are over the age of 60?
20:00 – Nominating a beneficiary to a superannuation fund.
22:00 – Superannuation fees while unemployed.
The rule of thumb is 2/3 of your pre retirement income.
06:00 – Helpful tips to ease into retirement.
Going cold turkey could result in losing a sense of identity and purpose.
06:30 – Difference between a modest and comfortable retirement
19:30 – What to include in a will. It could be beneficial for your family to be less specific in the details.
Superannuation and Life Insurance
08:00 – If you’re still with an old super fund you could be paying outdated fees. Shopping around for a new super fund could result in a more comfortable retirement.
12:00 – Winter energy supplement is a small win for pensioners.
14:00 – You could be paying for two seperate life insurance policies and have no idea.
21:00 – The difference between an active and passive management approach to investing.