Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 18 October 2024. Luke this week Leon Delaney returns to the studio with Luke to talk about an important topic. Should you have an emergency fund and income protection insurance?

Planning for the unexpected is an important part of any financial plan. But how will you plan and manage those unexpected events and the pressures on money they may cause? Thank you for joining us live on 2CC, YouTube or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.

Key topics covered include:

• What are the benefits of an emergency fund?


• Why is income protection a valuable option?


• Did you know income protection premiums are tax deductible?


• Should I have income protection in my super fund or in my own name?


• Can I use my offset account as my emergency fund?


• Why are income protection policies prior to 2021 better – think carefully before you let them lapse.


• Is sick leave enough to cover me if something goes wrong?


• What form can an emergency fund take? Saved Money, Offset Account, Sick Leave?


• If I can’t save for an emergency fund, income protection can provide you with immediate cover?

This podcast is also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help with financial planning and insurance? 

<figure id="attachment_18655" aria-describedby="caption-attachment-18655" style="width: 300px" class="wp-caption alignright"><figcaption id="caption-attachment-18655" class="wp-caption-text">An emergency fund and income protection cover are both important parts of your financial plan. If you need assistance to manage your risk and protect yourself and your family, seek advice.</figcaption></figure>

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super, insurance and retirement. Simply make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.

Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.

We look forward to your company again and Luke’s book Smart Money Strategy is out now.