Is Superannuation A Terrible Idea For Business Owners? With Ray Regmi

EP 070: This week on the podcast, we have Ray, our resident financial advisor, on to talk about superannuation.

I wanted to bring Ray on the show to break down how super works and its many advantages and disadvantages.

I suspect many business owners don’t understand its power, and that’s why they choose to ignore it.

Episode Highlights:

00:00 Welcome to Business and Investing
1:56 Who is Ray Regmi?
2:15 What is Superannuation?
3:51 How can we think about Super in a better way?
8:12 Downsides of superannuation contributions
10:54 Why is superannuation contribution a tax structure?
12:04 Increasing your assets and retirement income using Super
17:49 Good tax strategies in superannuation
19:26 Super as a phenomenal opportunity to business owners
21:52 How insurance can be in your super?
24:27 The difference between a self-managed fund and a general super fund
30:43 How to leverage your self-managed super funds (SMSF)?
31:27 What are the types of self-managed super funds (SMSF) that are more suited to business owners?
34:25 What to consider when choosing a super fund?
37:46 Is it easy to change the type of your super fund?
39:40 Why you should not invest all your assets in a super fund?

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Resources:
○ Business and Investing website: https://www.businessandinvesting.com/
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About the Guest:
Ray Regmi is the Senior Financial Adviser and Principle of Ryker Capital (AFSL: 243313). They offer services to Australian business owners who are looking to reach financial independence and create true wealth.

With a team of degree-qualified professionals who have a collective of decades of experience, they can provide you with expertise in wealth creation, self-managed super funds, risk insurance, retirement planning and more.

To connect with Ray and the Ryker Capital Team, head over to: https://businessandinvesting.com/partners/ryker-capital/

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DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

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