Downsizing
Should You Stay, Downsize or Relocate in Retirement?
Retirement is an opportunity to assess where you live and how you want to live. Questions to help you decide where to live Retirement may be a time to think about whether you want to stay where you are, downsize or move into a retirement home. Your children may have moved out, and the family…
Strategies for an unexpected retirement
The best time to start planning for retirement is yesterday. But the second-best time? Today. About two-thirds of Australians retire earlier than they anticipated because of unexpected events such as job loss or redundancy, they need to care for a family member, have a sudden illness or injury, problems at work or a partner’s decision…
Superannuation Downsize Incentive
Is it a good idea to downsize your home to upsize your super? By Rachel Lane Since 1 July 2018 Australian seniors have been able to make what is known as a “Downsizer Contribution” to their superannuation fund of up to $300,000, which means if you are a couple, you could get a combined $600,000…
Top tips for downsizers
Downsizing is an exciting time that normally sees significant changes to your lifestyle and your budget. Here are our Top 5 tips for anyone thinking about downsizing… 1. Find a community you want to be a part of While normally in real estate the advice is “location, location, location” and proximity to family and friends…
Enhancing Retirement Outcomes Using Downsizer Contributions
Legislation to make superannuation downsizer contributions has now passed enabling individuals who are 65 or over to contribute proceeds from the sale of one eligible property to superannuation without needing to satisfy the work test. The new rules provide more flexibility for retirees to fund their retirement using capital released from their homes. From July…
Five things to consider before a sea or tree change
Before you swap your briefcase for a beach towel, have you thought carefully about what life in a quieter location will really be like? If you’ve spent most of your life in the fast lane, retirement might be your chance to change gears. And if you’re considering a sea or tree change, you’re not alone….