The Fox and the Hedgehog – S2 Ep6 – Super, Succession & Investing for Women in Business
Naomi Holmes works mostly with Australian women aged over 45. She explains why many small business owners retire with far less super than PAYG employees, why relying on selling your business is risky, how property co / operating co structures and business real property in super work, and how to build a simple, diversified portfolio once money is in super.
In this episode
- Pay yourself super, even a small amount. Make it a monthly habit, the same way you set aside GST.
- Your business isn't automatically your retirement plan. You need a saleable business, a buyer, a ready market and a realistic valuation without you in it, so get an accountant or lawyer to check the value.
- Business real property in super or a family trust can work well, but know the rules and plan for liquidity, especially with borrowing, higher interest rates and pension payments as members near retirement.
- Do an investor risk profile before you build a portfolio.
- Know the five major asset classes (cash, bonds, shares, property, alternatives) and how ETFs give low-cost, diversified access to all of them.
- Know your four numbers: what you earn, what you spend, what you own and what you owe.
Chapters
- 00:00 – Welcome and introducing Naomi Holmes
- 00:43 – Women business owners: irregular income and no compulsory super
- 02:33 – Tip #1: Pay yourself super, even a little
- 03:24 – Is your business really your retirement plan?
- 05:14 – Property co / operating co and business real property in super
- 07:48 – Borrowing in super, liquidity and interest rates
- 08:27 – Investing inside super: risk profiles
- 10:22 – The five asset classes and ETFs
- 12:11 – Key takeaways
- 13:17 – Final words: know your four numbers
Disclaimer: This episode is general information only and does not take into account your objectives, financial situation or needs. It is not personal financial, tax, legal or credit advice. Think about whether it suits you and get independent professional advice before acting.
Need finance for your business, commercial property or equipment? Contact Glenclair Financial. Alasdair King is an independent commercial finance broker in Greater Sydney.