Episode Details
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Retired at 39 and $4m in Super, Japanese ETFs & no franking credits
Description
In this Australian Investors Podcast episode, your hosts Owen Rask and Drew Meredith discuss:
– Why Drew invested in a Melbourne bar
– Rising distrust in superannuation
– Div 296 and SMSF strategy questions
– Retirement bucket strategies and FIRE investing
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Why Drew invested in a bar - Beneath Driver Lane
Drew explains:
– When the opportunity emerged (2018)
– The due diligence process
– Why having the operator with skin in the game mattered
– Surviving COVID
– Lessons from inflation and margin pressure
– Expansion to Baby Driver
Big takeaway:
Keep costs low. Avoid debt. Align incentives. Bootstrapping works.
Super distrust: what’s going on?
A recent survey showed:
– 58% of pre-retirees plan to withdraw super in lump sum
– One third considering high-risk assets (including crypto)
We discuss why disengagement with super leads to poor decisions and why understanding the structure matters more than fear.
Listener Question: $4m SMSF and Div 296
A listener who achieved FIRE at 39 asks:
– Should they sell down to avoid Div 296 impacts?
– Should growth sit outside super and income inside?
We explain:
– What Div 296 actually does
– Why average tax rate matters
– Why panic selling rarely helps
Bucket Strategy Explained
Yoda Best asks about bucket strategies.
We break down:
1. Short-term cash bucket (2 years expenses)
2. Medium-term income assets
3. Long-term growth bucket
Purpose:
Reduce emotional decision-making in retirement.
Hypotheticals
– If franking credits were abolished overnight
– If passive investing was banned
– If you could have lunch with any investor (living or dead)
Plus: Japanese ETF discussion and CGT property rules.
Topics Covered
– Private business investing lessons
– Super strategy and Div 296
– Retirement income planning
– Behavioural investing mistakes
Resources for This Episode
Super resources:
Ask a question (select the Investors podcast)
Rask Resources
Follow us on social media:
Instagram: @rask.invest
TikTok:
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