With the ever-increasing complexities of Self-Managed Superannuation, having an easy to read reference book in your library of financial education books is a sound practice. In the forward of the book the author, Grant Abbott, makes the point that education is an ongoing journey for both the SMSF Trustee and for the financial professional. He invites you to continue this journey on his website “I Love SMSF”.
What I liked about “The Guru’s Guide to Self-Managed Super Funds”, is the way in which such a complex topic has been explained in a well-organized format with easy to read explanations. If you are looking for a specific area of interest, you almost certainly will find the topic in the very comprehensive table of contents.
Grant Abbott is a leading consultant in the area of SMSF. He has written five books, conducted more than 1.500 presentations and taught more than 1,000 accountants, financial planners, lawyer, and mortgage brokers to become specialists SMSF advisers. He has also presented to over 100,000 SMSF Trustees. So know matter whether you are an SMSF adviser or an SMSF Trustee, this book will be of great value.
As a Trustee, you are responsible for all decisions made for your SMSF. While seeking professional advice is common sense, you also have a trustee obligation to have a detailed working knowledge of superannuation.
As an SMSF adviser, your expertise should already be of a very high standard. However, education is always an ongoing process and sometimes having a quick review is a good way to stop and reflect if there may be areas of advice you could utilize with your clients. Having a book like this on your desk, makes it very easy for you to quickly explain something to your client.
The skill in managing an SMSF is to see into the future. For those of you who are young, you need to plan out over the next 50-years. By taking action now you can ensure that your SMSF is going to provide you with the funds to need.
Glenis Phillips SF FIN – Good Financial Reads