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The SUPERmen Podcast
Episode 22 - The Dirty Little Secret of Super Funds
In this episode of the Supermen Podcast, Matthew and Lionel discuss the complexities and unknowns of the superannuation system in Australia.
They highlight the history of superannuation, and how it has evolved over the years. They also discuss the tax traps that retirees need to avoid and the hidden rules that some super funds impose on their members.
A particular focus is on the minimum balance requirement of $50,000 to access tax-free pension phase, which leaves many Australians paying 15% tax on their superannuation earnings. The conversation also touches on the issue of big super funds cornering smaller superannuation balances and the unfairness of the system, which seems to favours richer Australians.
In addition, they discussed the importance of education, guidance, and seeking the right advice to make informed financial decisions for future generations.
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27. Episode 27 - Tackling Life's Challenges with Nathan Stapleton
55:00||Season 1, Ep. 27Welcome to Episode 27 - Tackling Life's Challenges with Nathan Stapleton. "really good things happen, and really bad things happen. But no matter what, you gotta wake up the next day, put your f#cking boots on and go back to work."In this episode of the Supermen Podcast, Lionel and Matthew sit down with former NRL player Nathan Stapleton to explore his remarkable life story. Growing up in a small town in the northern tablelands, Nathan followed his passion for rugby league, rising to play for the Cronulla Sharks and later the London Broncos. League opened doors to incredible opportunities for Nathan and his family, but in 2022, the sport took a devastating turn when a spinal cord injury left him a quadriplegic.Nathan recounts the harrowing details of his injury, including being pronounced dead for 16 minutes. He shares how this life-altering event reshaped his perspective, leading him to advocate for mental health awareness through podcasts and public speaking.The conversation also delves into the financial side of Nathan's journey, from the high-pressure nature of professional sports to navigating rugby insurance and transitioning to his current employment with a smart spending rewards platform - 2Ezi. Nathan’s story is a testament to resilience and reinvention, and his role as an upcoming keynote speaker at a Mental Health Conference highlights his dedication to inspiring others. This episode is a powerful blend of sports, struggle, and hope—don’t miss it!------Connect with Nathan StapletonSign-up to the rewards program 2EziSeek Advice from Lionel Follow Lionel on Instagram Seek Advice from MattFollow Matt on Instagram The Supermen PodcastInstagramFacebookYoutubeSpotify Our Financial Services Guide26. Episode 26 - Mental Health & Money: Breaking the Silence with Simon Rinne
49:56||Season 1, Ep. 26In this episode, Lionel and Matt are joined by Simon Rinne, founder of Mindful Men, to discuss the growing mental health crisis in Australia, particularly among men, and the profound impact of financial stress on mental well-being. They highlight the importance of openly addressing financial mental health and the power of sharing personal stories to challenge societal norms. The conversation also explores the difficulties men face in talking about mental health, the crucial role of professionals in offering support, and practical tips for managing stress. If you want to reach out to Simon and his team, he can be found at https://mindfulmen.com.au/And jump on to your podcast platform and search for Simon's podcast "The Mindful Men Podcast" or use the link below. https://open.spotify.com/show/6LhecvPA5UUBAt7fS73Dto?si=ee5d690c86c14558Remember, help is available 24/7 through the Men's Helpline for free advice, therapy, and support at 1300 789 978.25. Episode 25 - Retirement Success and Tax-Smart Investing
39:19||Season 1, Ep. 25Matthew and Lionel, co-hosts of the Superman Podcast, discussed their podcasting journey, the importance of consistency, and their plans to upgrade their podcast experience. They also discussed the importance of planning for retirement, the tax implications of property ownership, and the potential benefits of annuities and income layering. Lastly, they emphasized the importance of strategy and execution when managing one's retirement plans, the mindset shift in retirement when they see retirees go from budgeting to spending plans, and strategies for property investment and tax minimization.24. Episode 24 - Grandparents & Grand Plans: How to Build a Lasting Legacy for Your Grandkids
35:30||Season 1, Ep. 24Lionel and Matt discussed the current state of their respective businesses. However, in this episode the boys focus on the challenges faced by grandparents who want to support their grandchildren financially. They also explored alternative investment options for grandchildren, such as superannuation, investment bonds and education bonds, which offer tax benefits and flexibility. Lastly, Matt emphasised the importance of understanding one's financial goals, whilst considering the highest and best use of capital, and encouraged listeners to reach out for professional advice if they are considering retiring early or creating a legacy for their grandchildren.*Apologises about the sound quality of this episode.23. Episode 23 - Is it possible to pay no income tax
33:18||Season 1, Ep. 23On this episode Matt & Lionel discuss how you can use superannuation to make it possible to pay no income tax. They explore contribution strategies, different phases of superannuation, and the overall tax structures. The supermen explore some recent cases and experiences to further explain how this can be used in specific circumstances.21. Episode 21 - The 80 year old mother with a big problem
43:15||Season 1, Ep. 21In this episode of the Superman Podcast, co-hosts Matthew and Lionel discussed their recent experiences, strategies, and client cases. They explored various financial scenarios, including the challenges of maintaining a large family home as people age and the pros and cons of downsizing for retirees. They also discussed strategies to maximize pension benefits and protect assets for a client with a disabled son, considering options such as special disability trusts and testamentary trusts.20. Episode 20 - The importance of personal insurance
52:37||Season 1, Ep. 20Lionel and Marshall discussed the importance of personal insurance for Australian households, emphasizing the role of life insurance, total and permanent disability insurance, trauma or critical illness insurance, and income protection in providing financial security. They also highlighted the importance of reviewing insurance plans, understanding the differences between various types of insurance, and addressing the issue of underinsurance in Australia. The conversation concluded with a discussion on the claims process and the importance of honesty and transparency when making a claim.19. Episode 19 - Simplifying Business Risk - Making the Complex Seem Simple with Paul Milbourne
45:17||Season 1, Ep. 19Paul Milbourne, from Milbourne Insurance Solutions, shares his insights on business risk management, tax planning, and debt management, and the importance of understanding corporate structures. The team also discussed the potential implications of expanding your business partnership to include spouses, the importance of identifying key roles in a business, and the benefits of various insurance policies. Lastly, they touched on the changing trends in life insurance, the importance of collaboration between professionals, and shared real-life cases of unexpected losses due to the sudden death of a business partner.Should you need any support reach out to Paul via linkedin Paul Milbourne.Alternatively, please reach out to Matt or Lionel for any additional questions.