Transcript
I have $300,000 in my superannuation fund and I'm thinking is it worth it to set up a self-managed super fund? Look, I always say go and seek some advice because the answer is it could be or it couldn't be. I've got two examples for you. Um one is a client of mine that had a property over it 10 years ago. They bought it, their dream house, they can't live in it obviously in the self-managed super fund, but they retired, the property doubled in value. They were able to sell their family home
and buy the property out of the super fund and now they're living in their dream home besides the beach and have a cashed-up super fund to fund their retirement. Had they not have done that, they would be in a totally different situation. And another example is someone with the same situation when I bought a property that wasn't as great and didn't do as well because one of the things with property in super is liquidity. So if you're close to retirement, you need a bit of cash, not
all of it, you have to sell the full asset, right? But if you wanted a bit of cash, you can't sell a bathroom or a bit of the asset. So it's either what's your goal because they can be quite beneficial. >> [music]